The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPO’s of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.

 The Government will issue a decree regulating the functions, duties, rights, and organisational structure of the State Capital Management Committee next month, said Deputy Prime Minister Vương Đình Huệ.

Given the stock market’s recent lethargy, The State Capital Investment Corporation (SCIC) is assessing market demand to consider choosing the most efficient capital divestment options at State-owned enterprises.

The total value of shares auctioned by the Hà Nội Stock Exchange (HNX) since the beginning of 2018 has reached VNĐ10.6 trillion (US$471 million), according to the northern stock bourse regulator.

Only 150 of nearly 750 State-owned enterprises (SOEs) have listed on the stock market, said Deputy Minister of Finance Vũ Thị Mai.

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service says in a recent report.

The equitisation of State-owned enterprises (SOEs) is unlikely to meet this year’s target, as only 19 SOEs had completed the process by the end of June.

The plan for the merger of the Hà Nội and HCM stock exchanges has been submitted to the Government for review, according to the Ministry of Finance.

The State Capital Management Committee for State-owned enterprises (SOEs) should be empowered to take close watch of the SOEs in order to improve the management of State capital in those companies, according to economist Phạm Chi Lan.

The World Economic Forum (WEF) is holding a summit in September, called WEF ASEAN 2018, focusing on regional entrepreneurship and the impacts of the fourth industrial revolution on regional economies and business community. Justin Wood, WEF Head of Asia-Pacific Region, talks to Việt Nam News reporter Hoàng Sơn on the issues facing local startups and businesses.