SOEs

Latest News about SOEs

Finance ministry turns to stock market for greater transparency in SOE equitizationicon
BUSINESS13/04/20210

Finance ministry turns to stock market for greater transparency in SOE equitization

This would be the first step for Vietnam’s state firms to list shares on international stock exchanges.

 
Three state-owned economic groups covered by pilot policiesicon

Three state-owned economic groups covered by pilot policies

BUSINESS
23/12/2020

The State plans to hold 100 percent of charter capital in only four holding companies: PetroVietnam, Electricity of Vietnam (EVN), State Capital Investment Corporation (SCIC) and Viettel.

Do the Vietnamese still have a chance?icon

Do the Vietnamese still have a chance?

FEATURE
23/12/2020

If you want to get over the rapids, you must first get off the boat. Will the next decade reach the goal of industrialization without success?

One project fails, three CEOs prosecutedicon

One project fails, three CEOs prosecuted

BUSINESS
19/12/2020

The Thai Nguyen iron and steel project phase 2 has been left idle for many years, bringing about the dismissal and prosecution of high ranking managers of Tisco (Thai Nguyen Iron and Steel JSC) and VNSteel (Vietnam Steel Corporation).

No SOEs equitised in five months, Gov't's plan likely missedicon

No SOEs equitised in five months, Gov't's plan likely missed

BUSINESS
18/12/2020

The rate of equitised State-owned enterprises (SOEs) for the 2017-20 period has remained at 28 per cent for several months, the latest update from the Ministry of Finance shows.

Finance Ministry warns about trillion VND-losses after equitizationicon

Finance Ministry warns about trillion VND-losses after equitization

FEATURE
10/12/2020

Many equitized enterprises have suffered big losses as state capital in these unprofitable enterprises is difficult to sell because of unreasonable pricing.

SOE equitization: investors attracted by ‘golden land’ holdingsicon

SOE equitization: investors attracted by ‘golden land’ holdings

FEATURE
27/11/2020

Vu Dinh Anh, a respected economist, has pointed out that in many cases, investors decide to buy shares of equitized enterprises because the enterprises have many land plots in advantageous positions, or ‘golden land’.

When private businesses get strongericon

When private businesses get stronger

FEATURE
23/11/2020

The private sector is very active in key sectors of the economy. If there is a "push", they will become an important force with other economic sectors to take the country forward.

Super committee fails to report SOEs' performance on timeicon

Super committee fails to report SOEs' performance on time

BUSINESS
10/11/2020

The Ministry of Finance (MoF) has said the supervision of financial results from State-owned enterprises (SOEs), carried out by the Committee for Management of State Capital at Enterprises, (or Super Committee) was “very slow”.

Innovation a must for SOEsicon

Innovation a must for SOEs

BUSINESS
06/11/2020

Innovation has become a pressing need for State-owned enterprises (SOEs) which have undergone drastic restructuring during the past decade but their operation efficiency remained lower than expected.

Vietnam gov’t warns of interest groups profiteering from SOE privatizationicon

Vietnam gov’t warns of interest groups profiteering from SOE privatization

BUSINESS
04/11/2020

The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy.

How can loss-making equitized enterprises be rescued?icon

How can loss-making equitized enterprises be rescued?

BUSINESS
02/11/2020

Experts say these enterprises need an ‘exchange transfusion’, which means a basic change in corporate governance. If not, they will continue taking losses.

Government names SOEs incurring losses of trillions of VNDicon

Government names SOEs incurring losses of trillions of VND

FEATURE
20/10/2020

The government has sent a report to the National Assembly on investment of state capital in enterprises, and the use of the fund for enterprise support and development in 2019.

Many state-owned groups see big losses amid COVID-19 crisisicon

Many state-owned groups see big losses amid COVID-19 crisis

BUSINESS
19/10/2020

Many enterprises have reported big losses because of Covid-19, including large state-owned groups.

Post-equitization period: high hopes put on strategic investorsicon

Post-equitization period: high hopes put on strategic investors

FEATURE
17/10/2020

The equitization of state-owned enterprises must place more importance on the management experience of strategic investors.

SOE equitization: state takes loss, and investors lose moneyicon

SOE equitization: state takes loss, and investors lose money

FEATURE
12/10/2020

Many state-owned enterprises (SOEs) have been equitized but have not seen considerable changes as the state's ownership ratio remains high. Many of them are still taking losses and struggling to survive.

12 loss-making mega-projects proceed slowlyicon

12 loss-making mega-projects proceed slowly

BUSINESS
10/10/2020

The assets of the 12 loss-making mega-projects under the Ministry of Industry and Trade (MOIT) total VND59.1 trillion, while total accounts payable is VND63.3 trillion.

Equitisation doesn't necessarily mean a better future for SOEsicon

Equitisation doesn't necessarily mean a better future for SOEs

BUSINESS
10/10/2020

Equitisation should be a magic wand to improve the performance of a State-owned enterprise (SOE), but in some cases, it is not.