Subsidiaries of SOEs like Jetstar Pacific, Angkor Air, DAP-Vinachem, and Petrolimex Laos will come under special financial supervision.

The losses reported by Quang Ninh Thermal Power JSC will make it harder for State Capital Investment Corporation (SCIC)  to divest the company this year.

The equitisation of State-owned enterprises (SOEs) has fallen behind the target set by the Government and ministries for 2017-2020.

A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.

VietNamNet Bridge - Among the enterprises put under management by the State Capital Investment Corporation (SCIC), there are many firms where the state’s ownership ratio is less than 5 percent.

The poor performance and small sales percentage of many such enterprises have disheartened many interested parties.  

While some analysts note that a number of foreign banks have withdrawn capital from Vietnam banks, others see signs of a third investment wave from foreign investors.

With a special talent of imitating songs of hundreds of bird species, Truong Cam, a forest ranger in Bach Ma National Park in Thua Thien – Hue province, is known as ‘the bird caller’.

VietNamNet Bridge - Vietnam spent big money to build a deep-water port but did not build infrastructure for ships to go in and out of the port.

VietNamNet Bridge - A number of small securities companies changed hands in 2017. The buyers were mostly from China and South Korea. 

Calls for investing in bitcoin are numerous on the internet, with many ‘secret societies’ set up persuading people to deposit bitcoins.

The business performance of state-owned enterprises is often unclear because of lax management. At many large companies, problems were discovered only after the firms had incurred losses of trillions of dong.

VietNamNet Bridge - The list of SOEs (state owned enterprises ) subject to equitization is long with many well-known names. 

The posts of chair or general director of large state-owned conglomerates such as oil and gas, electricity, mining, shipbuilding and shipping are very powerful. However, the positions have led many businessmen to prison.

VietNamNet Bridge - A number of changes in key personnel in some state-owned enterprises (SOEs) are not expected to affect the enterprises’ production and business, experts say.

VietNamNet Bridge - More than 96 percent of SOEs slated for equitization have been equitized, but only 8 percent of the state’s capital has been transferred to the private sector. 

Analysts have noted that equitized SOEs tend to choose  conglomerates with powerful financial capability - real estate developers or financiers - which do not have relations to their core business fields, as their strategic shareholders. 

 VietNamNet Bridge – Vo Tri Thanh, deputy director of the Central Institute For Economic Management, spoke to the Sai Gon Economic Times on the impacts of the TPP and the FTA with the European Union.

 Honda, Mazda, Ford post sharp sales growth; U.S. dollar weakens against Vietnam dong; VRA says rubber price stable but low this year; VND500 bil. for Da Nhim hydropower plant expansion; Imports of confectionery decline