capital withdrawal

Update news capital withdrawal

Capital withdrawals of foreign retailers in Vietnam have fielded a number of queries on whether the firms had sustained losses or if the local business climate lacked enough incentives.

Businesses hurry to divest bank shares

VietNamNet Bridge - About VND18 trillion worth of capital was still stuck in banks by the end of September 2015 which needs to be divested as per the government’s request, according to the Ministry of Finance (MOF).

SOEs told to divest non-core business fields, but let grass grow under feet

VietNamNet Bridge - State-owned economic groups have three more months to withdraw capital from non-core business fields as requested by the government. But they have only gone half of the way.

Capital withdrawal process slows because managers fear for their seats

 VietNamNet Bridge – To date, 66 economic groups and general corporations have built up the enterprise restructuring plans to be submitted to the governing ministries and the Prime Minister. Of these, 44 plans have been approved.