SOEs

Update news SOEs

SOE concept a focus of law discussion

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.

Efficient resource utilization may help Vietnam GDP grow 9-10%

The public capital must be allocated based on market principles, said an expert.

Seven major infrastructure projects lag behind schedule

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.

 

Some way to go in SOE equitization

SOE equitization and divestment needs greater efforts from all concerned as yet another deadline seems likely to be missed.

Who will lead Vietnam's economy?

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.

Building credit: How SOEs can get foreign financing for infrastructure

State-owned enterprises (SOEs) face unique challenges when it comes to attracting foreign financing for infrastructure projects. But there are solutions.

 

State budget to receive $216m in cash dividend from State-owned businesses

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.

 

Vietnam’s state firms trail behind in digitalization process

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.

Vietnam's private sector positioned for prosperity

Ongoing assistance will see Vietnam's private sector truly become a driver of economic growth, stakeholders said.

Vietnamese SOEs must reform and invest in technology

State-owned enterprises (SOE) must strive to reform and become innovation centres in today's modern economy.

In Vietnam, business must be the center of all policies

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.

Transport Ministry wants to turn ACV into wholly state-owned firm

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 PM reviews progress in handling of 12 struggling projects

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.

 

How should state companies hire and use foreign talent?

Vietnam needs talents to build an economy with modern corporate governance, but problems remain at the state level.

State capital investment corporation successfully sells capital in nearly 1,000 firms

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.

 

Trade Ministry transfers 11 debt-laden megaprojects

The Ministry of Industry and Trade has transferred the jurisdiction over State capital at 11 out of 12 loss-making megaprojects to the Commission for the Management of State Capital at Enterprises.

 

Vietnam steps up share sale plans to foreign investors

Vietnam’s ratification of the CPTPP and the EVFTA compels the country to liberalize the state sector.

Vietnam’s investment arm SCIC to sell state stakes in 108 firms

The Vietnamese government’s investment arm State Capital Investment Corporation (SCIC) has announced the list of 108 state-owned enterprises (SOEs) subject to divestment in 2019, Vietnam Finance reported.

 

Labor Ministry projects monthly salary of $3,000 for SOE chairs, CEOs

The monthly salary offered to chairs and CEO of state-owned enterprises (SOEs) has been described as ‘too low’ compared with the managers of private enterprises. However, many workers still compete for the posts.

CMSC eyes VNPT, MobiFone, and other 17 state-owned companies

MobiFone, VNPT, and the other 17 companies have been exposed to the gunfire of the Commission for Management of State Capital at Enterprises’ (CMSC) financial supervision.