State to divest from successful businesses in HanoiVietNamNet Bridge - The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them. The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them. The State will still hold the controlling stakes (from 50 percent to less than 65 percent) in three companies – the Hanoi Park Greenery Company, Thong Nhat Park and Hanoi Zoo.In other 12 companies, the state’s ownership ratio will reduce to below 50 percent. These include a lot of ‘shining’ names such as Hanoi Transerco (transport), Hanoi Tourist (travel firms), UDIC (infrastructure developer) and Hawacom (water supply).Being a big player in the tourism sector, Hanoitourist shares would be a valuable investment.Hanoitourist now has a series of 4- and 5-star hotels, the best known in Hanoi, including Sofitel Metropole, Hilton, Pullman, InterContinental, Hotel de l'Opera Hanoi, Hilton Gardent Inn Hanoi, Hanoi Hotel and Thang Long Opera. The infrastructure developer reported turnover of VND8.8 trillion in 2016, an increase of 23.5 percent over 2015.

Source: VietNamNet News February 14, 2017 03:00 UTC