restructuring

Update news restructuring

Restructuring efforts see results

 VietNamNet Bridge – Efficient enforcement and financial administration are key in successful restructuring of public investment projects, Truong Van Vo, a NA deputy, tells Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).

Vietnamese fleet incurs major losses

VietNamNet Bridge – Vietnam’s fleet of ships are incurring losses even though 80 percent of goods are carried by waterways and seaways.

PM gives go-ahead for Mobifone, VNPT split

 VietNamNet Bridge – Major mobile network operator Mobifone has split from the State-owned Viet Nam Posts and Telecommunications (VNPT), and is now under the management of the Ministry of Information and Communications (MIC).

Restructuring public investment continues to show results

 VietNamNet Bridge – Nguyen Quang Thai, a professor at the Viet Nam Economics Science Association, told newspaper Dai doan ket (Great National Unity) about the progress made towards restructuring public investment.

Banks put forward M&A plans

VietNamNet Bridge – Several banks have recently presented plans or expressed intentions to complete mergers even as the nation continues to speed up the restructuring of credit institutions.

BUSINESS IN BRIEF 4/5

 Banks expect higher profits from recovery; Mekong Capital fund sells 5.6m MobileWorld shares; Firms aim to join global supply chain; Firms grapple with IP issues; Pesticide makers seek Indian JVs

Banking reform should match international norms

 VietNamNet Bridge – Adopting international standards and limiting cross-ownership are among key measures that will ensure Vietnam's banking sector reforms are effective.

Forestry reforms necessary

 VietNamNet Bridge – Deputy Director of the Reform Steering Committee and Enterprises Development Pham Quoc Doanh spoke to Thoi bao Ngan hang (Banking Times) newspaper about agri-forestry restructuring.

MobiFone detaches from VNPT

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has passed Vietnam Post and Telecommunication Group (VNPT)’s proposal to split its largest member unit MobiFone from VNPT as part of the latest restructuring draft plan of the VNPT.

PM addresses socio-economic issues

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung asked ministries and localities to continue the comprehensive and effective implementation of socio-economic development tasks at a Government meeting in Ha Noi yesterday, April1.

Intellectuals discuss PM's plans for the year

 VietNamNet Bridge – In his message for 2014, Prime Minister Nguyen Tan Dung emphasised the need to foster the rule of law and democracy in Viet Nam.

Vinatex set to go public in H1

VietNamNet Bridge – The Vietnam National Garment & Textile Group is set to go public in the first half of this year as part of its restructuring scheme,

State will collect its dividends from SOEs

The government’s proposal to collect dividends from the shares it holds in state owned enterprises (SOEs) has got prompt approval from the National Assembly. Economists have commented that the decision should have been made earlier.

PetroVietnam urged to achieve targets

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has ordered PetroVietnam to accelerate its divestment from non-core businesses this year to make its operations more effective.

HSBC: Vietnam’s exports to advance in 2014

 VietNamNet Bridge – HSBC Bank in a report recently released said that improved demand from the European Union (EU) and the U.S. will lift Vietnam’s exports in 2014.

Pros and cons of Vietnam's entry into WTO

 VietNamNet Bridge – Vietnam’s entry into the WTO has helped boost agricultural exports, however it has also worsened the national trade deficit and may lower agricultural export surpluses in the future.

Restructuring: Does it really happen?

 VietNamNet Bridge - For years, the word "restructuring" has become so familiar to many people, but not many people have seen the results of restructuring. Experts say that they have just heard about restructuring, not seen it.

Banking sector reform remains a crucial priority

 VietNamNet Bridge – Dinh Minh Tuan from the Advisory Council to the National Assembly Committee for Economic Affairs tells Countryside Today newspaper that banking sector reform remains a crucial priority.

MobiFone may be separated from VNPT

 VietNamNet Bridge – The restructure plan of the Vietnam Posts and Telecommunications Group (VNPT) is expected to launch in September, in which MobiFone will likely be separated from the group.

SBV allowed to hold stakes in weak banks

 VietNamNet Bridge – The State Bank of Vietnam (SBV) will be able to acquire stakes in those banks kept under special control when Decision 48/2013/QD-TTg of the Prime Minister takes effect on September 20.