Divestment and mergers and acquisitions (M&As) are serving as crucial lifesavers for numerous businesses amidst an extended period of blocked capital flow.

A consortium of Vinaconex and the Republic of Korea’s Kyeryong has just won a bidding package worth over 1 trillion VND (over 42.4 million USD) to build infrastructure for a clean industrial park in the northern province of Hung Yen.

Vietnam Construction and Import-Export JSC (Vinaconex) posted higher profit after tax in the first quarter of 2021 despite losses in revenue.

The Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex or VCG) plans to eliminate and amend some business lines to open more room for foreign investors, to 49 percent.

The Vietnam Construction and Import-Export JSC (Vinaconex) and Hyundai Engineering & Construction Co. Ltd (Hyundai E&C), a subsidiary of the RoK-based Hyundai Motor, signed a memorandum of understanding on project development in Hanoi on May 20.

The Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) signed a memorandum of understanding on cooperation in developing projects with CPG International Pte Ltd, a subsidiary of Singapore-based CPG Group, on March 5.

The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target.

The Hanoi Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than 9.7 trillion VND (415 million USD).

The State Capital Investment Corporation (SCIC) on November 22 sold its complete ownership in the Vietnam Construction and Import-Export JSC (Vinaconex) for 7.36 trillion VND (327.4 million USD).

The State Securities Commission has approved Vinaconex’s request to lock its ceiling foreign ownership ratio at zero percent, saying the move complies with regulations.

Telecom giant Viettel and the State Capital Investment Corporation(SCIC) will auction off all their stakes in the Vietnam Construction and Import-Export JSC (Vinaconex), according to the Hanoi Stock Exchange (HNX).

The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of 5.4 trillion VND (237.8 million USD), a 17 percent year-on-year decrease.

The Hanoi People’s Court on March 13 declared jail terms to nine defendants involved in the 18 successive ruptures of the Da River water pipelines following the trial lasting more than one week.

The Vietnam Construction and Import-Export Corporation (Vinaconex) has eyed a 9.3 percent growth in revenue this year, said Vinaconex General Director Do Trong Quynh at a meeting on January 23.

The State Capital Investment Corporation (SCIC) collected 137 billion VND (6 million USD) after auctioning 5.35 million shares of the Viet Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) on the Hanoi Stock Exchange on December 8.

Shares bounced back slightly on December 8 on the HCM Stock Exchange but slipped on the Hanoi bourse, affected by the somber result of the State Capital Investment Corporation’s (SCIC) divestment from Vinaconex.

The State Capital Investment Corporation (SCIC) has confirmed it will continue its scheduled competitive share offerings in four companies in the latter half of this month.

The Ministry of Public Security’s Police Investigation Agency has prosecuted Phi Thai Binh, former chairman of the Vinaconex board of directors, for violating construction regulations and causing serious consequences.

Work on the second phase of a project to bring water from Da River to Hanoi began on October 7 in Thach Hoa commune, Thach That district.