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non-core business fields
Update news non-core business fields
Large corporations fall into multi-field business trap
VietNamNet Bridge - Investing in many business fields and expanding too rapidly, some large corporations have lost prestige and fallen into debt.
Vietnamese businesses continue to spread their investments in many fields
Vietnamese investors like injecting money into many different business fields to optimize their profits, but investments based primarily on “feelings” have led to hundreds of suspended projects.
SOEs told to withdraw capital from non-core businesses, but let other areas thrive
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 halfway toward the goal.
SOEs required to divest non-core business fields, but proceeding slowly
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 completed half of the goal.
Leaving non-core business fields, conglomerates escape from marsh
Withdrawing capital from the business fields in which they don’t have advantages and experiences--after a period of incurring loss, economic groups have recovered their strength.
Restructured state owned conglomerates still insist on pouring money into banks
While a lot of institutional investors have got stuck with their investments in the banking sector, state owned conglomerates, which are undergoing the restructuring process, still want to “kick against the pricks.”
