The Vietnamese government said it has allowed national carrier Vietnam Airlines to equitize, but said the state will retain more than half of shares in the firm. Deputy Prime Minister Vu Van Ninh told the Transport Ministry in a directive signed on Tuesday to draft a detailed plan for the airline’s equitization for government [...]
State-owned Vietnam Airlines said it would not be able to finish its equitization process by July 1 as planned and would be a turned into to a one member limited firm. The national carrier would need more time to finish the process as many steps have to be considered carefully, VnExpress quoted Vietnam Airlines Chairman [...]
Many big corporations have not made any discernable move forward in the equitisation process, though they have been at the starting line for a long time. Among the big players, only the Vietnam Paper Corporation (Vinapaco) knows when it will make its initial public offering (IPO). Vinapco Chairman Do Xuan Tru said that the corporation [...]
Permanent Deputy Prime Minister Nguyen Sinh Hung Friday received a delegation of the Bangladeshi State Commission on Privatization, led by its chairman Mirza Abdul Jalil. The Deputy PM hailed the delegationâs visit to Vietnam, saying it was a good opportunity for the two countries to share experiences and promote friendship and cooperation.He briefed the delegation [...]
VietNamNet Bridge – The government’s equitization program has seen companies making profits and with sound assets falling into investors’ hands while taxpayers’ money is still used to run unprofitable ones for which there are no takers. Clean drinking water being bottled at Tanimex Company, a HCMC-based joint stock company. The former state-owned firm has large [...]
