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

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.

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.

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

 

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

 

 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.

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 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.

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,