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Update news SOEs
VietNamNet Bridge - Prime Minister Nguyen Xuan Phuc has instructed state management agencies to protect strong national brands, including Habeco, Sabeco and Vinamilk, after the state sells its stakes in the enterprises.
One of the controversial points in the draft plan on restructuring the national economy in the 2016-2020 period drafted by the Ministry of Planning and Investment is the use of the state’s money to settle commercial banks’ bad debts.
VietNamNet Bridge - The State would receive $7 billion if it sells its stakes in 12 large corporations.
The Vietnamese government has many times vowed to boost the equitisation of state-owned enterprises (SOEs), but the process has remained sluggish.
VietNamNet Bridge - High-ranking executive officers of state-owned conglomerates are believed to receive high wages even though the enterprises operate ineffectively.
VietNamNet Bridge - The steering committee of Vietcombank, members of the board of directors and supervisory board receive VND1.9 billion a year in salary each.
VietNamNet Bridge - The total assets of the state in the national database by December 31, 2015 were valued at VND1,031,313.82 billion.
VietNamNet Bridge - The Committee for managing and supervising state capital and assets will have the function of investing in enterprises and managing the asset portfolio.
VietNamNet Bridge - The loan guarantees issued by the government have mostly gone to projects in power, aviation, cement production, transport infrastructure and two banks.
Dang Quyet Tien, Deputy Director of the Department of Enterprise Finance, under the Ministry of Finance, spoke to the newspaper Kinh te & Do thi on the importance of having a correct understanding about the equitisation process of SOEs.
VietNamNet Bridge – The Government has approved a plan to establish a special committee, which will operate like a business, to manage capital at State-owned enterprises (SOEs).
The State offloaded 147.7 million shares worth US$89.7 million in State-owned companies in 16 initial public offering auctions during the first quarter of this year, the Ha Noi Stock Exchange reported yesterday.
VietNamNet Bridge - The state-owned enterprises (SOEs) using foreign loans for production and business fields which bring profits will no longer get a government guarantee for loans.
The Vietnam National Shipping Lines (Vinalines) has reported that 2015 was the first year it registered a profit after three years of conducting a comprehensive restructuring plan.
VietNamNet Bridge – Deputy Prime Minister Vu Van Ninh has called on ministries and agencies to minimise the controlling stake of the State in State-run enterprises (SOEs).
VietNamNet Bridge – The equitization process continues to disappoint despite there clearly being the will to wrap it up as quickly as possible.
VietNamNet Bridge – Private firms should be more dynamic in developing linkages and production chains to sharpen competitive edges as the country was underway to integrate deeply into the global economy.
VietNamNet Bridge - The State plans to sell VND40 trillion worth of its capital in state-owned enterprises (SOEs) in 2016.
The Prime Minister has appointed Nguyen Duc Chi as the new chairman of the State Capital Investment Corporation (SCIC).
Vietnam's initial public offering (IPO) activity has been less than exciting in 2015 and that has been attributed to the lack of blockbuster deals.