According to the 2012 annual report and the first quarter of 2013 consolidation of a number of listed businesses, SCIC is currently present in most companies as a major shareholder.
Hau Giang Pharmaceutical spent 196 billion VND to pay 2012 dividends, at a rate of 30% of par value.
Many state-owned enterprises earn hundreds of billions of dong in profits just from dividends.
At Vietnam Dairy Products Joint Stock Company (Vinamilk, Stock Code: VNM), SCIC also `deposited` more than 375 million shares, an ownership ratio of more than 45%.
At the recent 2013 Annual General Meeting of Shareholders, Vinamilk’s Board of Directors agreed on the 2012 dividend payment plan at a rate of 38%.
In addition to the two blue-chip businesses in the VN30 basket, SCIC also owns an additional 50.7% of the capital of Bao Minh Joint Stock Company (Stock code: BMI), according to the 2012 annual report. Recently, the Board of Directors
Currently, SCIC is known as a super corporation managing and trading state capital located in enterprises.
The Ministry of Finance is also `rich` thanks to stocks, with recent dividends of more than 720 billion VND.
In 2012, Bao Viet’s consolidated pre-tax profit reached VND 1,862 billion, an increase of 22.4% compared to last year.
As for Saigon Beer, Alcohol and Beverage Company (Sabeco), the Ministry of Industry and Trade holds nearly 90% of the charter capital, according to the announcement of Sabeco’s representative in the recently held 2013 shareholders’ meeting.
Earlier this year, the company paid a 2012 dividend of 22% in cash to shareholders, equivalent to more than 1,400 billion VND.
Meanwhile, Vietnam National Oil and Gas Group (Petro Vietnam) can profit nearly 5,500 billion VND just by owning shares in Vietnam Gas Corporation (PV GAS, Stock Code: GAS).
This year, PV Gas plans to spend VND 5,685 billion to pay dividends, a rate of 30%.
Receiving abundant capital and also having to pay huge dividends to State representatives, most leaders of the above businesses think this is an advantage.
According to Mr. Phuc, although State shareholders hold a large amount of shares through capital representatives, business decisions in the group are still not much affected.
“State shareholders also always support the company to change in a positive direction.
Sharing the same opinion, Mr. Phan Dang Tuat – Chairman of Sabeco said that the guidance of the Ministry of Industry and Trade makes it easier for businesses to gain market share and create trust with consumers.
However, from a stock perspective, an American investor who owns shares on Ho Chi Minh City stock exchange sees it as more convenient if listed businesses operate in a private form.