SOE restructuring

Update news SOE restructuring

SOEs told to withdraw VND14.5 trillion this year

 VietNamNet Bridge – Deputy Prime Minister Vu Van Ninh has told State-owned enterprise (SOEs) to divest a total of more than VND14.5 trillion (some US$679.5 million) from non-core business operations this year.

Growth rate set at realistic target

 VietNamNet Bridge – Nguyen Duc Kien, Vice Chairman of the National Assembly Committee for Economic Affairs, spoke to Kinh te Viet Nam & The gioi newspaper about growth goals.

BUSINESS IN BRIEF 4/11

 Malaysia-VN trade to reach $10b; NA urges faster SOE restructuring; Deposit rate cut has little effect; PetroVietnam told to finish refinery plan; Mobile World hits yearly target in 9 months; Mastercard looks at local non-cash payment sector

SOE restructuring still far from finish line

VietNamNet Bridge – Restructuring of State-owned enterprises (SOE) is moving at a snail’s pace and it will take many more years until the process is completed,