The former vice chairman of HCM City People’s Committee together with four other high-level city officials were charged with serious land management violations, the Ministry of Public Security announced on November 10.

No Vietnamese name figures in the list of top 500 world brands, showing that enterprises here are yet to fully realise the importance and value of branding in a globalising market.

Credit should be given to priority areas, especially high-tech agriculture, export, small and medium-sized enterprises (SMEs), and start-ups in order to complete the 2017 socio-economic development plan, Prime Minister Nguyễn Xuân Phúc said at the regular Cabinet meeting in Hà Nội yesterday.

Equitisation of State owned enterprises (SOEs) has progressed well in 2011-2016 period and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard, said an official from the Ministry of Finance.

The Government will reconsider the leadership responsibilities of officials who are yet to fulfill State-owned Enterprises (SOEs) privatisation and divestment, said Deputy Prime Minister Vương Đình Huệ, Head of the Government Steering Committee on Corporate Renovation and Development.

The Saigon Alcohol Beer and Beverages Corporation (Sabeco) reported good profit for 2016 and requested the Ministry of Industry and Trade (MoIT) to hasten its equitisation this year.

Beverage producers have planned to produce about 4 billion litre of beer in 2017, up by 10 per cent from 2016, according to the Vietnam Beer Alcohol Beverage (VBA).

Systemic problems in auctioning shares of State-owned enterprise (SOE) Vinamilk recently should serve as a lesson for upcoming equitising transactions, a Finance Ministry official says.

The State Security Commission of Vietnam (SSC) issued a decision to fine the Saigon Alcohol Beer and Beverages Corporation (Sabeco) for alleged regulatory malpractice on the stock market.

The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies.