Update news SOE

Vietnam lacks large private corporations

Vietnam has a number of large private corporations of international stature over the last 30 years of development. But the number of these enterprises is very modest.

Numerous SOEs under special financial supervision

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

Losses a roadblock to SCIC divestment plans at Quang Ninh Thermal Power

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.

SOE equitisation plan likely to be missed in 2017-2020

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

State firms make up 5% of total corporate loans in Vietnam

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

SCIC faces problems with SOEs that divest holdings

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.

SOE equitisation lets down investors

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

Is there a third investment wave in Vietnam banks?

While some analysts note that a number of foreign banks have withdrawn capital from Vietnam banks, others see signs of a third investment wave from foreign investors.

The man who can talk with birds

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’.

Vietnam loses $2.4 billion as deep-water port has insufficient infrastructure

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.

Securities companies bought by Chinese, Korean and Hong Kong firms

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

Vietnamese rush to invest in bitcoin, blowing bitcoin bubble

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

SOE scandals unveiled, Vietnam speeding up SOE reform

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.

530 SOEs equitized in the last five years

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

SOE bosses – from hot seats to prison

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.

SOEs name new staff to top management posts

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.

Tens of trillions of dong of state capital nearly lost in equitization

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. 

How can businesses choose strategic shareholders?

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. 

Bumpy road ahead, but reforms should go on

 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.


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