State-owned enterprises (SOEs) in Vietnam are boosting their charter capital, with an expected total of over 140 trillion VND for 7 major enterprises to engage in ‘super projects’ and enhance financial capacity. This move will help them meet international bidding requirements and execute projects like Long Thanh Airport and the expansion of Dung Quat Oil Refinery. Notably, Becamex IDC plans to auction 300 million shares to raise approximately 21 trillion VND for investment in industrial parks. The Vietnam Expressway Investment Development Corporation (VEC) has also been approved for an additional 38.251 trillion VND in charter capital to address its financial shortcomings. Vietnam Airlines aims to increase its capital by up to 22 trillion VND to recover from COVID-19. Meanwhile, BSR and Petrolimex plan to increase capital according to specific plans to meet energy standards and maintain market share. A draft Law on State Capital Management in Enterprises is being prepared to reform and enhance capital management efficiency.
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