SCIC plans to sell State capital in 137 firmsFriday, April 14,2017
AsemconnectVietnam - The State Capital Investment Corporation (SCIC) had plans to sell its entire capital in 137 State-owned enterprises from now until 2020.
"Of the total 137 target companies, we are finding it difficult to sell capital in 100 firms," SCIC chairman Nguyen Duc Chi told the Tien Phong (Pioneer) newspaper, adding that SCIC would do its upmost to solve the problem.
The five companies in which SCIC will sell its capital in the 2017-18 period are An Giang Stone Exploitation & Processing One Member Company, Trang Tien Trading Co., Ltd, Hoang Quan Appraisal Co., Ltd and the Publishing & Printing company under HCM City’s Publishing Association.
"There are three companies we would like to continue to retain and invest capital in -- SCIC Investment One Member Company Limited, which we established, Ha Giang Mineral and Mechanics Joint Stock Company and FPT Corporation," Chi said.
Regarding the handover process of State capital to SCIC, Chi said the Ministry of Planning and Investment and the Ministry of Finance had strongly supported them, but just 12 out of 63 enterprises had completed the process, while another 176 companies had yet to agree on the transfer.
SCIC, which was established in 2006, is currently managing State capital in over 500 enterprises, whose businesses range from financial services, energy, manufacturing and IT to telecommunications, transportation, consumer products and healthcare.
PetroVietnam surpasses 11-month targets
Vietnam Airlines’ member ranks second in global network
Chinese furniture firms to boost investment in Vietnam
USG Boral adds US$20 million investment
BSR inks crude oil supply agreements with Socar, Glencore
Nestlé Vietnam receives a Sustainable Business title
GoBear Vietnam receives 1 mil online visitors within first year of operation
FPT starts work on university and software park in Can Tho
Amway Vietnam recognized as sustainable business for 2nd time
Lazada to close the year with a bang
Samsung Electronics Viet Nam tops largest firms list
Viet Nam’s 100 most sustainable firms honored
Masan seen buying out Vinacafé Bien Hoa
FPT cooperates with Japan partner to offer tech solutions