.png)
Chairman of Comvik has expressed the interest in becoming the strategic investor of Vietnam Mobile Telecom Services One Member Limited Liability Company in its upcoming equitization.
The wave of equitization of large state-owned enterprises has pushed the value of IPOs on Vietnam's stock market to a record in the first quarter of this year.
The wave of equitization of state-owned enterprises (SOEs) is creating opportunities for several private corporations to control SOEs and gain additional benefits for their value chain.
2017 is a less active year in the mergers and acquisitions (M&A) market than in 2016, but it also leaves a special hallmark on a series of large transactions involving the equitization of state owned enterprises.
Viet Nam Southern Food Corporation (Vinafood 2) recorded a business loss in the first half of last year and is maintaining a long-term debt of VND3,770 billion (roughly US$166.26 million).
In 2017, the target of revenue from equitization and divestment is VND60 trillion (more than US$2.6 billion) but the sale of shares in Sabeco alone has brought in VND110 trillion (US$4.85 billion).
The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.
Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of Hanoi Trade Corporation (Hapro) and Hapro's charter capital after equitization is estimated at VND2.2 trillion (US$97 million) accordingly.
Despite the compelling argument supporting more equitization and divestment from state-owned enterprises (SOEs), foreign investors tend to view the government’s plans with considerable skepticism.
Although firms are sometimes accused of keeping assets on the books at inflate prices, some state-owned-enterprises have done the opposite in recent cases of divestment.
The Equitisation of PV Power, the second largest power producer in Vietnam, kicked into high gear after the Ministry of Industry and Trade (MOIT) presented its new equitization plan to the Government on November 8, 2017.
In addition to private companies' initial public offering (IPO) plan, many state-owned enterprises (SOEs)' equitizations have strongly boosted Vietnam's stock market recently.
The decision of inspecting the equitization of Vietnam Feature Filmstudio (VFS) was just announced.
Macro mechanisms and policies are the main factors causing the Viet Nam Feature Film Studio (VFS) to face a crisis that could lead to its dissolution.
