Việt Nam News

The Việt Nam Post and Telecommunications Group (VNPT) will divest capital from the Maritime Bank. — Photo enternews.vn

HÀ NỘI — The Việt Nam Post and Telecommunications Group (VNPT) will divest capital from the Maritime Bank, it has announced.

After receiving VNPT’s documents related to the divestment, the State Securities Commission (SSC) has recently asked it to make the information public on its website and report the plan to relevant agencies, it said.

In October 2016, VNPT general director Phạm Đức Long said that his group has mostly completed divestment from non-core industries, as per the restructuring programme and the Government guidelines.

By the end of 2016, VNPT divested its capital in 16 enterprises for a value of VNĐ602 billion (US$26.4 million) out of a total investment capital of around VNĐ2 trillion ($88 million).

The group has, however, been struggling to divest from two credit institutions, the Maritime Bank and the Post Finance Company. These divestments are complicated because of the many special requirements, VNPT said, adding that it has now drawn up plans to divest from the credit institutions as per direction from the State. — VNS

Tags VNPT Maritime Bank

Multinational e-commerce platforms strengthen their foothold in Việt Nam

Economy

Global suppliers join Beautycare Expo 2024 in Hà Nội

Economy

Standard Chartered Vietnam and the US promote clean energy investments in Việt Nam

Economy

Forum discusses support for women-owned firms to join supply chains

Economy

Japanese investors join big real estate project in Bình Dương

Economy

Overseas remittances to HCM City record highest increase in three years

More on this story

Economy

Tuna exporters aim for 8% increase this year

Tuna exports are expected to increase by 8 per cent this year to US$524 million, according to the Việt Nam Association of Seafood Producers and Exporters.

Economy

Realty market outlook gloomy

According to President of the Việt Nam Real Estate Association Nguyễn Trần Nam, housing prices are still far beyond the incomes of a majority of residents.

Economy

Viettel, Phú Thọ to build a smart city

Northern Phú Thọ Province and telecom group Viettel on Thursday signed a Memorandum of Understanding (MoU) to build a smart city in the region in the 2017-20 period.

Economy

Industrial output rises slightly

The total national index of industrial production (IIP) rose by 0.7 per cent in January 2017 compared to the same period last year, according to General Statistics Office data.

Economy

VN Index retreats from 9-year high

The VN Index on the HCM Stock Exchange yesterday retreated from its nine-year high as investors tried to take profits from stocks’ recent good gains.

Economy

Bình Thuận okays floating power plant

The People’s Committee in southern Bình Thuận Province has given its approval in principle to the Đa Nhim-Hàm Thuận-Đa Mi Joint Stock Company for a project on Đa Mi Lake.

Economy

VN e-commerce well placed to meet targets

E-commerce is no longer an option that Vietnamese enterprises can ignore.

Economy

Việt Nam to promote partnership for sustainable agriculture

The Ministry of Agriculture and Rural Development plans to promote activities under the Partnership for Sustainable Agriculture in Việt Nam (PSAV), aiming at a sustainable and comprehensive agricultural value chain.