Economists said the State-owned sector’s tardy growth reveal an imbalance between business results (revenue) and investment including assets and capital used for production.
Việt Nam National Petroleum Group (Petrolimex) has made a second attempt to sell 12 million treasury stocks, equivalent to 1 per cent of its charter capital, from February 27 to March 28.
The Viet Nam National Petroleum Group (Petrolimex) is proceeding to sell a maximum of 60 million treasury stocks on the Hồ Chí Minh Stock Exchange, the second sale of its kind since its debut in April 2017.
Techcombank has completed the sale of 64.4 million treasury stocks, collecting more than VNĐ8.24 trillion (US$361.5 million), the bank announced.
Domestic sugar producer Thành Thành Công-Biên Hòa Joint Stock Company has announced it will buy back more than 83.5 million shares as treasury stocks.
Foreign ownership in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is officially at zero per cent, the bank announced late last week.
Việt Nam International Commercial Joint Stock Bank (VIB) will buy back treasury stocks not exceeding 10.1 per cent of its current charter capital and cancel the plan to increase charter capital.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily.