PV Power to pay cash dividend, develop solar energy PetroVietnam Power Corporation plans to pay a 2019 cash dividend of 3 per cent instead of paying in shares at a rate of 6 per cent as planned previously.

Conflicting policies, land issues and disease hinder equitisation of SOEs

The equitisation of State-owned enterprises (SOEs) was being hindered by troublesome policies, lack of transplarency in land management and the recent devastation inflicted by the COVID-19 pandemic, experts said.

EVN produces one third of total power output

Electricity of Việt Nam (EVN) has produced 7,185 MW of power, accounting for 33.2 per cent of Việt Nam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.

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SOEs need solutions to improve production and business efficiency As State-owned enterprises (SOES) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

Lào Cai Gold JSC to trade on UPCoM

The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market.

TKV sets target of $5.49b for next year

Việt Nam National Coal and Minerals Group (Vinacomin or TKV) plans to earn VNĐ128 trillion (US$5.49 billion) in 2019, of which nearly VNĐ69 trillion will come from coal production.

Hà Tĩnh asks to close Thạch Khê iron mine

The central province of Hà Tĩnh’s Department of Science and Technology (DoST) proposed shutting down Thạch Khê iron mine – the largest of its kind in Southeast Asia – to protect the environment.

Vietnam Rubber Group to reduce output

The Vietnam Rubber Group (VRG) plans to reduce its output due to a sharp decrease in the price of rubber in the market after it is completely transferred to the Committee for State Capital Management (CMSC

MoIT resigns as State capital manager in six firms

The Ministry of Industry and Trade (MoIT) has relinquished its role as supervisor of State capital in State-owned enterprises (SOEs) to the Committee for State Capital Management.