Update news restructure

Restructure the State Budget to make it more efficient

Truong Ba Tuan, deputy director general of the Institute for Strategic and Financial Policies under the Ministry of Finance, speaks to Vietnam News Agency on the MoF’s proposal to restructure the national budget.

Mismanagement harms equitised firms

 VietNamNet Bridge – One of the most important purposes of the equitisation of State-owned enterprises is to improve their management, and thus their performance.

Will Vietnam restructure the central bank?

VietNamNet Bridge - For the last ten years, the State Bank of Vietnam (SBV) has said it would restructure its operations.

Banks target sustained growth with Basel II

Ten domestic commercial banks have been piloting Basel II, a set of banking regulations put forth by the Basel Committee on Banking Supervision, since late last year, as part of measures required by SBV to restructure the local banking system.

The ups and downs of banking tycoons

VietNamNet Bridge - Nguyen Duc Kien, or ‘mogul Kien,’ and Tram Be once had long arms in the banking sector. But not now.

Dong A took a false step when trading gold

Dong A Bank, which was once of the best joint-stock commercial banks in Vietnam with advantages in card technology and retail banking, has gone downhill because of the gold trade.

Banks forced to merge to settle circular ownership status

VietNamNet Bridge - The State Bank of Vietnam (SBV) has taken a series of actions to clear cross-ownership which has existed in the banking system for many years.

SBV clears way for nationalizing GPBank

The move by the State Bank of Vietnam (SBV) to change key personnel at GPBank and the appointment of a VietinBank executive as GPBank’s new legal representative will be followed by a “zero dong” plan, according to analysts.

Bank restructuring proceeds smoothly, but bad debts pile up

VietNamNet Bridge - Commercial banks’ provisioning costs have been increasing, even though bank restructuring has been proceeding well.

More banks enter into M&A deals

VietNamNet Bridge – Both VietinBank and PG Bank have confirmed their merger and acquisition (M&A) deal, as have Vietcombank and Saigon Bank, Sacombank and Southern Bank, BIDV and MHB, and Maritime Bank and MDB.

Hundreds of SOEs to see major changes under amended Enterprise Law

VietNamNet Bridge – Vietnam’s economy will see major changes because of new provisions of the amended Enterprise Law that will turn hundreds of state-owned enterprises (SOEs) into non-state enterprises.

National budget hangs in the balance as oil prices plummet

 VietNamNet Bridge – It is time for Viet Nam to restructure its national budget collection, economic expert Vu Dinh Anh told Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).

Securities firms lead profit growth

VietNamNet Bridge – Listed securities companies took the lead in profit growth in the first nine months of 2014 because of the market rally, according to the financial information website

Vinalines struggles to settle debts of Vinashin

VietNamNet Bridge – While Shipbuilding Industry Corporation, the successor of the debt-laden Vinashin, is about to undergo the second debt restructuring phase, Vietnam National Shipping Lines is struggling to settle debts

Tardy projects can lose their land

 VietNamNet Bridge – The 2013 Land Law seeks to redress unequal land distribution for development projects, Nguyen Manh Hien, Vice Minister of Natural Resources and Environment, tells the Hai Quan (Customs) newspaper.

Vinamotor seeks strategic investors as IPO launch nears

VietNamNet Bridge – The Viet Nam Motors Industry Corporation (Vinamotor)'s initial public offering launches in three weeks, but strategic investors remain passive,

How can the country restructure its agriculture production system?

 VietNamNet Bridge – Restructuring is the only way for the agriculture sector to remain competitive, yet there is much work to be done, Nguyen Van Bo, director of the Agriculture Science Institute,

Standard Chartered: Vietnam bottoming out

 VietNamNet Bridge – The Vietnamese economic slowdown is bottoming out but a return to trend growth is not soon to come, according to a research report by Standard Chartered Bank.

Banks await lift in foreign ownership

 VietNamNet Bridge – Many banks, including the major ones, are expecting the Government to increase foreign ownership cap in the banking sector and are ready with plans to sell strategic stakes, Vietnam Investment Review has reported.

Viettel to remain wholly State-owned

 The Military Telecom Corporation (Viettel), one of the biggest mobile network operators in Vietnam, will remain a wholly State-owned enterprise, according to the Prime Minister's direction.