Which firms bring the most money in the state’s divestment campaign?

The 10 biggest state disinvestment deals in the first eight months of the year brought VND7.222 trillion, double the figure in 2015.
Forty-eight state owned enterprises (SOEs) had their equitization plans approved by August 20, 2016, only 21.6 percent of the number in 2015.
However, the approval process is in line with the equitization plan set for 2016-2020, in which only 250-280 SOEs would be equitized, half of that in 2011-2015.
The initial public offerings have been going at the same pace as previous years, while the success ratio has seen improvement, up from 45 percent to 75 percent, according to an official report.
This shows the investors’ increased interest in SOEs. The special attention was paid to the share auctions of VEAM (machinery corporation), Vinapharm (pharmacy), Viglacera and Vilico (livestock). 
The total value of shares sold in the first eight months of the year increased by 60 percent thanks to the high value of the corporations’ value.
In 2015, the total value of shares sold in 10 biggest divestment campaigns of the year was VND3.676 trillion. The IPO of Vietnam Airlines, the nation’s flag air carrier, brought VND1.116 trillion, Sai Gon Port VND441 billion, Thang Long GTC VND363 billion, Hanoi Toserco (tourism) VND299 billion and Vegetexco (farm produce) VND278 billion.
Meanwhile, the total value of shares sold in the first eight months of 2016 alone reached VND7.222 trillion. VEAM’s IPO alone brought VND2.136 trillion to the state budget, Vissan (food) VND907 billion and Vinapharm VND444 billion.
The ceiling foreign ownership ratio in Vinamilk, the nation’s leading dairy producer, has been raised to 100 percent. 
Most recently, the State has announced it will push up the sale of stakes in Sabeco and Habeco, the two largest beer manufacturers in Vietnam, where the state holds 89.6 percent and 81.8 percent of chartered capital, respectively.
Sabeco’s stakes will be sold in two campaigns. In the first campaign, 53.59 percent of chartered capital, or VND24 trillion will be sold right in 2016.
Economists have repeatedly urged the state to speed up the divestment process, saying that there is no need for the state to invest in the business fields which do not relate to national defence and security.
Vo Tri Hao from the HCM City Economics University has said the State should withdraw its capital from two business fields which bring huge profits but cause negative consequences to society – tobacco and lottery.
Vietnamnet

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.