List of 100pct state-owned firms as of Jun 30 2011 released
The State Bank of Vietnam (SBV) has recently published the list of 100% state-owned enterprises as of June 30, 2011 to help credit institutions in foreign currency trading activities.
In the list, there are nine economic groups, including Vietnam Construction Industry Group, Vietnam Housing and Urban Development Holdings Group (HUD Holdings), Vietnam Post and Telecommunication Group (VNPT), Vietnam Rubber Group (VRG), Vietnam Shipbuilding Industries Group (Vinashin), Vietnam Textile and Garment Group (Vinatex), Electricity of Vietnam (EVN), Vietnam National Coal and Minerals Industries Group (Vinacomin) and Vietnam National Chemical Group (Vinachem).
According to the central bank’s Circular No 13 dated May 31, 2011, state corporations and groups will have to sell foreign currency to credit institutions.
Of which, Vinashin has the biggest volume of subsidiaries (one holding company and 35 offshoots) with 100% stake held by the state shareholder.
In addition, there are fully state-owned corporations such as State Capital Investment Corp (SCIC), Vietnam National Coffee Corp, Vietnam National Railways Corp, Vietnam Paper Corp, Vietnam National Shipping Lines Corp (Vinalines), Vietnam Airlines Corp (Vietnam Airlines), Northern Foods Corp, Southern Foods Corp, Vietnam Steel Corp, Vietnam National Tobacco Corp and Vietnam Cement Corp.
Of which, Vietnam National Coffee Corp has the biggest volume of subsidiaries (one holding company and 28 subsidiaries) with 100% stake held by the state shareholder.
Additionally, in ministries, the state also holds 100% stake in nearly 130 units, of which, the biggest volume is in Ministry of Transport. – Source: Vietbiz24.com
Tags: Vietnam companies, Vietnam enterprises, Vietnam SOEs