According to Deputy Director of the Agency for Corporate Finance under the Ministry of Finance Dang Quyet Tien, the divestment of State capital at Vinamilk will be carried out this year.
The State Capital Investment Corporation (SCIC) has been accelerating capital divestment at Vinamilk and the work at other nine enterprises is underway. However, the SCIC will not sell its entire stake in Vinamilk because of the company’s scale and the possible impact on the market, he noted.
Eight of the 10 companies which the SCIC will divest from list shares on the two national stock exchanges, including dairy giant Vinamilk, software producer FPT Corp, Bao Minh Insurance Corp, Tien Phong Plastic Co and Binh Minh Plastic Co.
Many foreign investors are keen to buy equity in Vietnamese brewery companies like Habeco and Sabeco.
On concerns over the loss of national brands, Mr.Dang Quyet Tien said it is inevitable when companies are equitized. He said the government can still keep brands via technical barriers such as golden share to hold veto right on any change of brands.
