State units divest 2.87 trillion VND in seven months
As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.
Hanoi (VNA)🐓 – As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.
State units divested 2.87 trillion VND (130.4 million USD) in book value and earned 5.632 trillion VND (256 million USD) from selling stocks.
State-owned groups and corporations raked in 424 billion USD from selling stakes in five sensitive areas, including securities, insurance, banking-finance, real estate and investment funds, not to mention 1.959 trillion VND (89 million USD) from other fields.
In July, the State budget revenue was estimated at 102 trillion VND, up 26.6 percent from the previous month. The figure for January-July reached 583.6 trillion VND, up 5.7 percent from the same period of 2015.
The total budget spending hit 107.5 trillion VND, raising the seven-month figure to 662.1 trillion VND, marking a 4.9 percent increase year-on-year.
Also in July, four loan agreements worth 669 million USD were signed with the World Bank (WB).
On a seven-month calculation, 26 loan deals valued at 4.431 billion USD were inked, mostly with the WB, the Asian Development Bank and Japan. Approximately 150 million USD were disbursed.
In the remaining months of this year, the ministry will strengthen inspection on tax payment and customs clearance while asking relevant units to monitor the SoEs restructuring, securities market, pricing and public asset management.-VNA
The total State capital invested in five sensitive sectors that need divesting in the last two months of 2015 have touched almost 16.2 trillion VND (723.2 million USD), says a Government report.
The MoT will divest from non-core businesses in 59 State-owned enterprises under its management in the second quarter of this year, planning to collect 6.367 trillion VND (275 million USD).
The Ministry of Transport divested from several companies following Government directives, gaining more than 2 trillion VND (88.9 million USD) during the first half of this year.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA)
