State-owned enterprises (SOEs) play a crucial role in Vietnam’s economy and are preparing for “super projects” by increasing their charter capital by over 140 trillion VND among 7 major companies. The economic growth target for 2025 requires at least 8% growth, necessitating SOEs to improve their financial capabilities to participate in international bidding. Examples include: 1) Becamex IDC is conducting a public offering of 300 million shares to raise nearly 21 trillion VND for industrial park investments and debt restructuring. 2) The Vietnam Expressway Investment Development Corporation (VEC) will receive an additional 38.251 trillion VND from the state budget to improve its financial capacity and meet borrowing demands for highway projects. 3) Vietnam Airlines plans to increase its capital by up to 22 trillion VND to recover from COVID-19 and invest in aviation projects. 4) Binh Son Refining and Petrochemical and Petrolimex also plan to raise capital for production expansion and market share maintenance. These proposals will help SOEs develop, restructure, and reduce reliance on state budget.
Leave a Reply