Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.
A seminar has been held in the US to connect businesses of Vietnam and the US, as well as seek cooperation opportunities in the fields of energy, manufacturing, insurance and finance.
The Ministry of Industry and Trade (MoIT) has proposed transferring 11 State-owned enterprises (SOEs) in which it represented the State ownership to the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment Corporation (SCIC) at the same time and in their status quo in 2022-2025.
Deputy Prime Minister Le Minh Khai on May 25 asked the Vietnam National Chemical Group (Vinachem) to exert every effort toward effective restructuring, while working with the group to assess operations over the 2016-2020 period.
The National Oil and Gas Group (PetroVietnam) has announced the decisions to appoint Nguyen Van Mau, its Deputy General Director, and Tran Binh Minh, head of the PetroVietnam Office, as two new members of its Board of Members.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) achieved total pre-tax profit of 34.2 trillion VND (1.5 billion USD) in 2021, exceeding the annual plan by 70 percent.
Vietnam’s electricity transmission output hit more than 203.8 billion kWh in 2020, fulfilling the plan set by Electricity of Vietnam (EVN) and representing a year-on-year increase of 2 percent, according to General Director of the Electricity of Vietnam National Power Transmission Corporation (EVNNPT) Pham Le Phu.
The Commission for the Management of State Capital at Enterprises (CMSC) must continue to support managers of 12 struggling mega-projects under the Ministry of Trade and Industry with the State’s capital investment, heard a conference in Hanoi on March 19.
Vietnam could cease to have an operating train system in less than two weeks unless a funding issue at the Vietnam Railways Corporation (VNR) is resolved, an official has said.
Prime Minister Nguyen Xuan Phuc on July 17 asked the Commission for the Management of State Capital at Enterprises (CMSC) to take more flexible approach to dealing with corporate issues in line with the law.
The Commission for the Management of State Capital at Enterprises (CMSC) has bought nearly 165 million shares of the national flag carrier Vietnam Airlines, bringing its total stake to more than 1.22 billion shares, according to the Hanoi Stock Exchange.
The Ministry of Agriculture and Rural Development (MARD) inked an agreement to transfer its ownership of State capital in five State-owned agriculture enterprises (SOEs) to the Committee for Management of State Capital (CMSC) on November 15.
The establishment of the Committee for Management of State Capital (CMSC) aims to improve accountability for the use and management of State capital in business operations, thereby preventing loss and wastefulness, Deputy Minister of Planning and Investment Le Quang Manh told a press conference in Hanoi on October 1.
The Committee for Management of State Capital (CMSC), known as the “super committee”, made its debut in Hanoi on September 30 in the witness of Prime Minister Nguyen Xuan Phuc.
