State-owned groups

Update news State-owned groups

Nineteen State-owned groups and corporations expect to incur losses of some VND26 trillion (US$1.1 billion) this year due to the coronavirus crisis.

Transport mainstays in call for policy backing

State-owned transport giants Airports Corporation of Vietnam, Vietnam Airlines, Vietnam Railways, and Vietnam Maritime Corporation suffered all-time biggest losses in the first quarter of 2020 due to COVID-19

State-owned groups hard hit by Covid-19

The State Capital Management Committee has revealed reports from 19 state-owned groups and corporations which showed that they are losing some VND279.76 trillion (USD12.16 billion) in revenues this year due to the Covid-19.

State-owned enterprises face 3.7-trillion-VND loss in Q1 due to COVID-19

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth around $160 million in the first quarter of this year due to the impacts of the COVID-19 pandemic.

19 State-owned groups to undergo financial supervision

The Committee for Management of State Capital at Enterprises (CMSC) plans to strengthen the supersivion and management at 19 State-owned groups and corporations.

 

19 State-owned groups in Vietnam to be under financial supervision

The Commission for the Management of State Capital at Enterprises (CMSC) this year will oversee the finance of 19 State-owned groups and corporations.

 

Chairs of biggest state-owned groups to be replaced

 VietNamNet Bridge - A number of key leaders of state-owned enterprises will retire this year, according to Deputy Minister of Industry and Trade Do Thang Hai. The appointment of new chairs will be decided by Prime Minister Nguyen Tan Dung.

BUSINESS IN BRIEF 29/4

 Huge FDI capital flows into IZs, EZs; Lotte eyes US$2 bln high-end trading centre in HCMC; Donaco delight at new Lao Cai casino; Nation lags behind peers in entrepreneurial zeal; Banks expect higher profits from recovery

A lot of big guys met crushing misfortune in 2013

 VietNamNet Bridge – 2013 was a horrible year for some state owned conglomerates which were considered the “iron fists,” or the “motive force” of the national economy.

Government to boost non-core divestment

VietNamNet Bridge – The Government will release a resolution stipulating some special measures to help State-owned groups and corporations to quickly withdraw their investments from non-core sectors,