Prime Minister Nguyen Xuan Phuc, on August 15, signed the Decision approving the List of enterprises to be equitized by the end of 2020. Accordingly, 93 enterprises will be equitized by the end of 2020, of which there are many names to be expected with the "great" potential.
Among equitized enterprises, where the State holds 65% or more of charter capital, the Bank for Agriculture and Rural Development (Agribank) is a name that has attracted much attention.
Equity and charter capital of Agribank have continuously increased over the years.
Consolidated equity of the entire Agribank system in 2018 reached VND 58,181 billion, an increase of VND 9,722 billion (equivalent to 20%) compared to 2017. The charter capital in 2018 reached VND 30,473 billion, an increase of VND 119 billion compared to 2017.
By the end of 2018, Agribank's total consolidated assets reached VND 1,282,449 billion, an increase of 11% compared to 2017.
Agribank's profit after tax continued to increase over the years. Especially in 2018, Agribank gained 6,047 billion dong, nearly double compared to 2017 of 3,791 billion dong.
Among the group of trillion-interest clubs is also the Vietnam Mineral Coal Group - Vinacomin (Vinacomin).
The Group's production and business targets in 2018 reached and exceeded the plan with a commercial coal production of 35.96 million tons and coal consumption of 40.5 million tons. Electricity production produced by TKV reaches 9.4 billion kWh, accounting for about 5% of the country's electricity output.
According to the report, the total revenue of the Group is VND 121,700 billion, of which the revenue from coal production is VND 62,260 billion. The group's profit reached VND 4,000 billion, an increase of VND 1,000 billion compared to 2017 and doubled the plan.
Among equitized enterprises, the state holds more than 50% to less than 65% of charter capital, two telecom tycoons with enormous potential include Vietnam Posts and Telecommunications Group (VNPT) and Vien Thong Corporation Mobifone information.
Not regularly published financial information; however, recently, at the Conference of deploying production and business plans in 2019, VNPT said that in 2018, the profit reached VND 6,445 billion, an increase of 25% compared to 2017 and exceeding 9.4% of the year plan. This is also the fifth consecutive year that VNPT has achieved a profit growth of over 20%.
By the end of 2018, Mobifone's total assets reached over VND 30,400 billion; while equity is over VND 19,400 billion. If equitization is completed, a large amount of shares of this business will land on the stock market, promising to cause many surprises.
For equitized SOEs, the state holds less than 50%, has two notable names, owns hundreds of billions of assets including Power Generation Corporation 1 (Genco1) and Power Generation 2 (Genco2).
By the end of 2018, Genco 1's total assets reached over VND 112,000 billion, with equity capital of VND 23,200 billion. Genco 2, total assets of over VND 31,000 billion, owner's equity of over VND 12,000 billion.
For equitized SOEs, the state holds less than 50%, has two notable names, owns hundreds of billions of assets including Power Generation Corporation 1 (Genco 1) and Total Power Generation 2 company (Genco 2).
By the end of 2018, Genco 1's total assets reached over VND 112,000 billion, with equity capital of VND 23,200 billion. Genco 2, total assets of over VND 31,000 billion, owner's equity of over VND 12,000 billion.
In addition, in this list there are many other notable names with assets up to trillions like Vietnam Cement Industry Corporation (Vicem), Saigon Trade Corporation (Satra), General Urban Infrastructure Development Investment Company (UDIC) ...