Latest News about SOEs
Nearly 100 Vietnamese companies will need to hit the road for share auctions by the end of 2020 to meet the government’s target of privatizing state firms.
Fitch Solutions maintain 2019 fiscal deficit forecast at 6.6%, but are revising up our 2020 and 2021 fiscal deficit forecasts for Vietnam to 7.0% and 7.2%, respectively, from 6.6% previously.
The State Audit Office of Vietnam (SAV) will scrutinize 16 ministries and central agencies; 40 provincial-level governments; and a number of financial institutions, banks and State-owned firms next year.
Varying comments continue to hit the draft amendments to the Law on Enterprises 2014 and the Law on Investment 2014, with further revisions cited for state holding in state-owned enterprises garnering heightened attention among investors.
The public capital must be allocated based on market principles, said an expert.
Seven major traffic infrastructure projects in the country have fallen behind schedule, including Ben Luc-Long Thanh and Trung Luong-My Thuan expressways, along with five urban railways, according to the Ministry of Transport.
SOE equitization and divestment needs greater efforts from all concerned as yet another deadline seems likely to be missed.
Since it normalized relations with the powers like China in 1991 and the USA in 1995, Vietnam has begun to integrate into the global economy.
State-owned enterprises (SOEs) face unique challenges when it comes to attracting foreign financing for infrastructure projects. But there are solutions.
Insurer Bao Viet Holdings (BVH) and the Bank for Investment and Development of Viet Nam (BIDV) have approved plans of paying cash dividends worth combined US$236 million in the next two months.
From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.
Ongoing assistance will see Vietnam's private sector truly become a driver of economic growth, stakeholders said.
State-owned enterprises (SOE) must strive to reform and become innovation centres in today's modern economy.
The Ministry of Planning and Investment (MPI) is drawing up a plan to increase Vietnam’s national productivity, which remains at an alarmingly low rate compared with neighboring countries.
To acquire 100 percent of shares of the Airports Corporation of Vietnam (ACV), the state will have to buy more than 100 million shares at the price of VND79,000 per share.
Deputy Prime Minister Vuong Dinh Hue chaired a meeting on September 6 to review the progress of concerned ministries, agencies and companies in the handling of 12 major struggling industrial projects.
Vietnam needs talents to build an economy with modern corporate governance, but problems remain at the state level.
The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference on July 17.