Stock market capitalization reached VND3,900 trillion (US$167.75 billion) by December 28 last year, up 12.7 percent compared to the end of 2017, or 72 percent of gross domestic product, according to the Ministry of Finance.
Twelve state owned enterprises were equitized in the first 11 months of 2018, according to reports at a press conference hosted by the Ministry of Finance in coordination with Steering Board on Enterprise Reform and Development and the Government Portal on November 19.
The Ministry of Finance said that four corporations have successfully conducted Initial Public Offering (IPO) in the first two months of 2018 with the total revenue of VND17,913 billion (US$787 million).
The Ministry of Finance and the Ministry of Industry and Trade required businesses to keep petrol price unchanged and increase spending of price subsidization fund in the price adjustment period on February 3.
The Ministry of Finance (MoF) is demanding more than VND1.9 trillion ($85 million ) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.
The Ministry of Finance (MoF) will continue coordinating with the State Bank of Vietnam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.
A thorough audit of all State-owned agricultural businesses will be carried out in 2019 following next year’s concentrated restructuring efforts, so as to identify underperforming firms and other issues facing the sector.