As many as 706 enterprises, 85 per cent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.
The Ministry of Finance (MoF) has asked the Vietnam Oil and Gas Group (PVN) to focus on accelerating its divestment in enterprises operating in sensitive sectors.
Vietnamese shares gained steadily on Thursday, driven by positive investor confidence that lifted financial-banking and energy stocks.
Vice President of Talanx AG Group Christian Hinch has proposed to the Vietnamese Government to raise the ownership ratio of foreign investors at PetroVietnam Insurance (PVI) to 49 per cent.
PetroVietnam Gas Joint Stock Corporation (PV Gas) has raised its full-year profit forecast by 18.4 per cent as oil has performed well and traded at higher than expected price levels.
Vietnamese shares rose for a third session on both local markets on Friday, boosted by financials, energy firms and property developers.
Deputy Prime Minister Vương Đình Huệ has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam, or PVN) must reduce its ownership between 2017 and 2020.
PetroVietnam Insurance (PVI) estimated pre-tax profit at VND730 billion (US$32.2 million) this year, exceeding the yearly plan by nearly 43 per cent, Vu Van Thang, PVI deputy general director, said.