State to soon divest from VinamilkThe divestment of State holdings in the Vietnam National Dairy Products Company (Vinamilk) is to be conducted before the end of this year while divestment from nine other State-owned enterprises (SOEs) will be conducted in early 2017. He added that the market value of the State holdings in Vinamilk, at nearly VND93.49 trillion ($4.2 billion), means the divestment will be split into multiple stages. Vinamilk is a high value brand with good corporate governance and is innovative and creative, Mr. Tien went on. Instead, under its 2016 plan, it would sell shares in concerns such as FPT Corporation and SGC. Established in 2005, the SCIC is charged with enhancing the efficiency of State capital use.

Source: VietNamNet News September 15, 2016 03:00 UTC