State-Owned Firm to Divest Entire Stake in Eximbank
Ho Chi Minh City Investment and Financial Company (HFIC), a 100% state-owned enterprise, has registered to sell its entire stake of over 8 million shares in Eximbank, representing 0.45% of the bank's capital. The move is attributed to frequent changes in Eximbank's senior management, hindering effective investment management for HFIC.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Companies Eager to Hire 1,600 Workers After Danish Shoe Factory Closure
Approximately 1,600 workers are jobless following the closure of Danish shoe factory ECCO Vietnam near Ho Chi Minh City. However, numerous companies have stepped forward to offer employment, with over 5,600 positions available in total.
- Textile-garment industry restructures supply chains to meet rules of origin
Vietnam's textile and garment industry is restructuring its supply chains to comply with the rules of origin in key markets like the EU, aiming to enhance international competitiveness by strengthening domestic material sourcing and adopting relevant technologies.
- Danish Footwear Maker ECCO Halts Vietnam Factory Operations
Danish footwear manufacturer ECCO has reportedly halted operations at its factory in Vietnam. Specific reasons for the shutdown and future plans remain unclear at this time.
- Hanoi Allocates VND 50 Billion to Support Businesses in Digital Transformation
Hanoi City has launched a program to support small and medium-sized enterprises, cooperatives, and individual businesses with the costs of digital transformation and e-commerce services. The city has allocated VND 50 billion (approximately USD 2 million) for the initial phase, expecting to provide support to around 5,000-6,000 entities.