Kirin Holdings looks to invest in Sabeco

At a meeting on August 16 with the MPI, the Ministries of Finance and Justice, as well as the Government Steering Committee on Corporate Renovation and Development, Deputy PM Hue asked the MPI to submit the list of SOEs to be divested by 2020 to Prime Minister Nguyen Xuan Phuc for approval. He also assigned the Ministry of Finance to review and calculate the number of SOEs and State capital needed to be divested by 2020 and report it to the PM. Hue said that the PM will issue a separate decision on equitisation and divestment of State capital at large SOEs such as Habeco, Sabeco, State Capital Investment Corporation (SCIC), Petro Vietnam, Electricity of Vietnam and Airports Corporation of Vietnam (ACV). But for the remaining SOEs, it is necessary to fully aggregate them in a list to make public to ease investors. According to the PM’s instruction, the MPI has begun asking for recommendations from relevant ministries, agencies and localities about the list since early this year and has so far finalised the draft. Hue agreed with the draft list which regulates the rate of divested capital each year (the minimum rate), but not fixing the rate and encouraging ministries and localities to increase the rate to speed up the divestment according to the market situation. "The list and the annual State capital divestment rate from now to 2020 is aimed at making a concrete assessment and binding heads of ministries and localities with…... [read more]

Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. — Photo tinnhanhchungkhoan.vn Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. The benchmark VN Index on the HCM Stock Exchange reversed Wednesday’s gain, slipping by 0.2 per cent to close at 772.3 points. Large-cap stocks slumped, with 17 of the top 30 largest shares by market value and liquidity declining; only eight advanced. Financial stocks, including banks, securities firms and insurers, were also on the defensive side. Major losers include Vietcombank (VCB), Vietinbank (CTG), BIDV (BID), Military Bank (MBB), Bao Viet Holdings (BVH) and Saigon Securities Inc (SSI). Steel shares, which buoyed the market on Wednesday, also fell on Thursday morning, with the two biggest listed steel firms, Hoa Phat Group (HPG) and Hoa Sen Group (HSG), going down by 1.2 per cent and 1.4 per cent, respectively. On the positive side, food-beverage stocks such as Vinamilk (VNM) and brewery Sabeco (SAB) supported the market. On the Ha Noi Stock Exchange, the HNX Index went down 0.5 per cent to 101.24 points. Liquidity soared, with a total of 170 million shares worth VND4 trillion (US$176.2 million) being traded, up 45.3 per cent in volume and 111 per cent in value compared to Wednesday morning’s trade. The afternoon session starts at 1pm. — VNS ... [read more]

Deputy Prime Minister Vuong Dinh Hue has urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested. (Photo: baodautu.vn) Hanoi (VNA) - Deputy Prime Minister Vuong Dinh Hue has urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested. At a meeting on August 16 with the MPI, the Ministries of Finance and Justice, as well as the Government Steering Committee on Corporate Renovation and Development, Deputy PM Hue asked the MPI to submit the list of SOEs to be divested by 2020 to Prime Minister Nguyen Xuan Phuc for approval. He also assigned the Ministry of Finance to review and calculate the number of SOEs and State capital needed to be divested by 2020 and report it to the PM. Hue said that the PM will issue a separate decision on equitisation and divestment of State capital at large SOEs such as Habeco, Sabeco, State Capital Investment Corporation (SCIC), Petro Vietnam, Electricity of Vietnam and Airports Corporation of Vietnam (ACV). But for the remaining SOEs, it is necessary to fully aggregate them in a list to make public to ease investors. According to the PM’s instruction, the MPI has begun asking for recommendations from relevant ministries, agencies and localities about the list since early this year and has so far finalised the draft. Hue agreed with the draft list …... [read more]

Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. The benchmark VN Index on the HCM Stock Exchange reversed Wednesday’s gain, slipping by 0.2 per cent to close at 772.3 points. Large-cap stocks slumped, with 17 of the top 30 largest shares by market value and liquidity declining; only eight advanced. Financial stocks, including banks, securities firms and insurers, were also on the defensive side. Major losers include Vietcombank (VCB), Vietinbank (CTG), BIDV (BID), Military Bank (MBB), Bao Viet Holdings (BVH) and Saigon Securities Inc (SSI). Steel shares, which buoyed the market on Wednesday, also fell on Thursday morning, with the two biggest listed steel firms, Hoa Phat Group (HPG) and Hoa Sen Group (HSG), going down by 1.2 per cent and 1.4 per cent, respectively. On the positive side, food-beverage stocks such as Vinamilk (VNM) and brewery Sabeco (SAB) supported the market. On the Ha Noi Stock Exchange, the HNX Index went down 0.5 per cent to 101.24 points. Liquidity soared, with a total of 170 million shares worth VND4 trillion (US$176.2 million) being traded, up 45.3 per cent in volume and 111 per cent in value compared to Wednesday morning’s trade. The afternoon session starts at 1pm. Source VNA ... [read more]

The list of State-owned enterprises that needed to be divested in the 2017-20 period will be made public soon. — Photo vietbao.vn Deputy Prime Minister Vuong Dinh Hue on Wednesday urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested. At the meeting with MPI, ministries of Finance and Justice, as well as the Government Steering Committee on Corporate Renovation and Development, Hue asked the MPI to submit the list of SOEs to be divested by 2020 to Prime Minister Nguyen Xuan Phuc for approval. He also assigned the Ministry of Finance to review and calculate the number of SOEs and State capital needed to be divested by 2020 and report it to the Prime Minister (PM). Hue said that the PM will issue a separate decision on equitisation and divestment of State capital at large SOEs such as Habeco, Sabeco, State Capital Investment Corporation (SCIC), Petro Vietnam, Electricity of Vietnam and Airports Corporation of Vietnam (ACV). But for the remaining SOEs, it is necessary to fully aggregate them in a list to make public to ease investors. According to the PM’s instruction, the MPI has begun asking for recommendations from relevant ministries, agencies and localities about the list since early this year and has so far finalised the draft. Hue agreed with the draft list which regulates the rate of divested capital each year (the minimum rate), but…... [read more]

Stock trading at MB Securities Company. — VNS Photo Truong Vi Shares recovered from morning losses on Wednesday, with large-cap stocks, especially steel and fertiliser shares, leading the way. On the HCM Stock Exchange, the VN-Index edged up 0.33 per cent to close at 773.57 points. The key southern market index went down 0.66 per cent on Tuesday. On the Ha Noi Stock Exchange, the HNX-Index picked up 0.44 per cent to end at 101.74 points. It inched down 0.2 per cent in the previous session. Capital flows yesterday focused on the steel, fertiliser and construction sectors. The two biggest listed steelmakers – Hoa Phat Group (HPG) and Hoa Sen Group (HSG) – increased 2.2 per cent and 1.5 per cent, respectively. Other small steel firms such as Nam Kim Steel (NKG), Vietnam-Italy Steel (VIS) and Tien Len Steel (TLH) rose between 0.4 per cent and 1.4 per cent each. Big companies in the fertiliser and construction industries such as PetroVietnam Fertiliser and Chemicals (DPM), Ca Mau Fertiliser (DCM), FLC Faros Construction (ROS) and Coteccons Construction (CTD) also rallied. Other large-cap stocks supporting the market included PV Gas (GAS), Masan Group (MSN), brewery Sabeco (SAB), insurer Bao Viet Holdings (BVH) and Mobile World Group (MWG). On the negative side, banks weighed the market down. Losers included BIDV (BID), Vietinbank (CTG) and Military Bank (MBB), three of the four largest listed lenders by market value. According to FPT Securities…... [read more]

Despite disconcerting global political events causing turmoil and affecting capital flows around the world, Vietnam remains an attractive investment destination-albeit in need of a greater push to overtake last year’s stellar performance. Le Viet Anh Phong, head of Financial Advisory Services at Deloitte Vietnam, talked with Khanh Linh about what could provide this much-desired push and how domestic companies can increase their chances of bagging mergers and acquisitions. What do you think about the mergers and acquisitions (M&A) trends in Southeast Asia and particularly Vietnam in the future? 2016 was peppered by unsettling global developments, with Brexit, the US election, and the slow recovery of oil prices. In the first six months of 2017, we have witnessed the return of many investors from Europe and North America into Southeast Asia. Together with investors from other Asian developed countries, such as Japan, South Korea, and China, among others, they have made Southeast Asia one of the most vibrant M&A markets in the Asia-Pacific region. Vietnam, in particular, continues to be an attractive M&A destination. Though transaction values in the first six months show no signs of a breakthrough, the market is still very busy with a myriad of M&A transactions focusing on small- and medium-sized enterprises. If the larger deals, such as Sabeco, Habeco, Vinamilk, Airports  Corporation of Vietnam, and PV Oil, “detonate” as scheduled, the Vietnamese M&A market in 2017 may completely overtake the record of…... [read more]

Shares recovered from morning losses on Wednesday, with large-cap stocks, especially steel and fertiliser shares, leading the way. Stock trading at MB Securities Company. - VNS Photo Truong Vi On the HCM Stock Exchange, the VN-Index edged up 0.33 per cent to close at 773.57 points. The key southern market index went down 0.66 per cent on Tuesday. On the Ha Noi Stock Exchange, the HNX-Index picked up 0.44 per cent to end at 101.74 points. It inched down 0.2 per cent in the previous session. Capital flows yesterday focused on the steel, fertiliser and construction sectors. The two biggest listed steelmakers – Hoa Phat Group (HPG) and Hoa Sen Group (HSG) – increased 2.2 per cent and 1.5 per cent, respectively. Other small steel firms such as Nam Kim Steel (NKG), Vietnam-Italy Steel (VIS) and Tien Len Steel (TLH) rose between 0.4 per cent and 1.4 per cent each. Big companies in the fertiliser and construction industries such as PetroVietnam Fertiliser and Chemicals (DPM), Ca Mau Fertiliser (DCM), FLC Faros Construction (ROS) and Coteccons Construction (CTD) also rallied. Other large-cap stocks supporting the market included PV Gas (GAS), Masan Group (MSN), brewery Sabeco (SAB), insurer Bao Viet Holdings (BVH) and Mobile World Group (MWG). On the negative side, banks weighed the market down. Losers included BIDV (BID), Vietinbank (CTG) and Military Bank (MBB), three of the four largest listed…... [read more]

Shares continued to slide on Wednesday morning, led by large companies in the food-beverage and banking sectors. — Photo tinnhanhchungkhoan.vn Shares continued to slide on Wednesday morning, led by the slump witnessed by large companies in the food-beverage and banking sectors. The VN-Index on the HCM Stock Exchange was down 0.22 per cent to end at 769.34. Only 10 of the top 30 largest stocks by market value and liquidity advanced while 18 declined. Banks and food-beverage firms were among the biggest losers. Vinamilk (VNM) declined 0.9 per cent while brewery Sabeco (SAB) edged down 0.4 per cent. Confectionery Kido Group (KDC), Habeco (BHN) and sugar manufacturer Thanh Thanh Cong Tay Ninh (SBT) fell between 0.2 per cent and 4.1 per cent each. Four of listed six lenders on the southern bourse lost value, of which BIDC (BID) was hit the hardest with a decrease of 1.5 per cent. Vietinbank (CTG), Military Bank (MBB) and Sacombank (STB) declined by less than one per cent each. On the positive side, Vietcombank (VCB), Masan Group (MSN), steelmakers Hoa Sen Group (HSG) and Hoa Phat Group (HPG), PV Gas (GAS) and Mobile World Group (MWG) increased and cushioned the market. On the Ha Noi Stock Exchange, the HNX-Index inched down 0.03 per cent at 101.27 points. A total of 117 million shares worth over VND1.9 trillion (US$85.4 million) were traded on the two markets. Afternoon trade starts at 1pm. — VNS ... [read more]

NDO – Deputy Prime Minister Vuong Dinh Hue has requested that the Ministry of Planning and Investment (MPI) promptly submits a decision publicising the list of State-owned enterprises (SOEs), whose State capital is to be sold during the 2017-2020 period, to the Prime Minister for signing. On Wednesday morning, Deputy PM Hue hosted a working session with the MPI, along with the Ministries of Finance and Justice and the Steering Committee for Business Renovation and Development, to collect comments on the construction of the list. MPI Deputy Minister Dang Huy Dong said that the PM’s Decision No. 58/QĐ-TTg on criteria for classifying SOEs and Decision No. 707/QĐ-TTg on restructuring SOEs with a focus on State economic corporations during 2016-2020, all assigned the MPI to build a list of enterprises with State capital that need to be sold in the 2017-2020 period. In the past few years, the sale of State capital was implemented by the relevant ministries and localities in accordance with current regulations. To date, the preparation by the PM for a comprehensive list of SOEs that will make divestment during 2017-2020 is a necessity in order to secure the proceeds from divestment to be distributed to medium-term investment projects, acting as a tool to monitor and facilitate the selling of State capital carried out by the concerned ministries and localities, thus accelerating the pace of divestment. Since the beginning of the year, the MPI has reviewed and consulted numerous ministries and localities to make a list and determine…... [read more]




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