Business

IPO of four corporations bring over $787 million

SGGP
The Ministry of Finance said that four corporations have successfully conducted Initial Public Offering (IPO) in the first two months of 2018 with the total revenue of VND17,913 billion (US$787 million).

A corner of Binh Son Refining and Petrochemical Company Limited

A corner of Binh Son Refining and Petrochemical Company Limited

The four enterprises comprise Binh Son Refining and Petrochemical Company Limited (BSR), a member company of Vietnam Oil and Gas Group; Vietnam Oil Corporation (PVOil); PetroVietnam Power Corporation and Vietnam Rubber Industry Corporation.
According to the ministry, the book value of state capital withdrawal reached VND676 billion ($29.7 million) and obtained value hit VND713 billion ($31.32 million). They comprise VND123 million and VND2 billion from State Capital Investment Corporation (SCIC).
The Government did not sign new loan agreement in February. During the first two months this year it signed two loan agreements worth $29.9 million.
Disbursement of official development assistance (ODA) and preferential loans reached $158 million in February, taking the total number in the first two months to $238 million.

By NGOC QUANG – Translated by Hai Mien

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