Some 100 state firms would be subject to privatization in 2019, while the number slated for state divestment is 193.

The adoption of International Financial Reporting Standards will be compulsory for State-owned enterprises, listed companies and large-scale unlisted public companies after 2025, according to a draft project the Ministry of Finance.

VietNamNet Bridge - The huge debts incurred by state-owned enterprises (SOEs) and their ineffective operations have been blamed on ineffective monitoring.

 VietNamNet Bridge – Deputy Prime Minister Vuong Dinh Hue talks to Nhà báo & Công Luận (Journalist and Public Opinion) newspaper on the creation of a new management committee for State-owned enterprises.

Because of the difficulties in arranging investment capital, many state-owned economic groups want to withdraw from large projects. 

The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.

With the establishment of a working group on the formation of a special committee responsible for managing State capital at enterprises, Vietnam has taken the first step to realize the plan initiated in 2016. 

The list of SOEs put under control of the ‘super committee’, shows that the government wants control in some key business fields – energy, natural resources, infrastructure and agricultural land.

Except Sabeco and Vinamilk shares, the other divestments by the state have not succeeded as expected.

Struggling in recent times, the equitization of Vietnam’s main State-run film studio seems to have set the industry back even further.

Many investors have been reluctant to buy a stake of equitized SOEs (state owned enterprises) because of problems in current regulations and the internal weaknesses of the enterprises.

 VietNamNet Bridge – Prime Minister Nguyen Xuan Phuc hosted separate receptions in the central city of Da Nang on November 7 for corporate executives from the US, China and multinational corporations

Vietnamese investors like injecting money into many different business fields to optimize their profits, but investments based primarily on “feelings” have led to hundreds of suspended projects. 

VietNamNet Bridge - Many foreign investors that want to become strategic partners of large state-owned conglomerates are finding it difficult to negotiate prices. 

The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors.

VietNamNet Bridge - The statistics on the number of private businesses released by state management agencies vary.

The outlook for Asia and the Pacific is the strongest in the world, but it is shrouded by challenges at home and abroad, according to the latest IMF report for the region.

 SOEs are still unduly supported by the government and cannot mature.

VietNamNet Bridge - The Prime Minister’s newly released decision on the divestment plan in 2016-2020 includes many large corporations such as VNPT, MobiFone, Agribank and Vinacomin.

VietNamNet Bridge - The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them.