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Vietnam warned it may lose strong national brands after selling SOEs

VietNamNet Bridge - Prime Minister Nguyen Xuan Phuc has instructed state management agencies to protect strong national brands, including Habeco, Sabeco and Vinamilk, after the state sells its stakes in the enterprises.

Ministry proposes to use state money to settle banks’ bad debts

One of the controversial points in the draft plan on restructuring the national economy in the 2016-2020 period drafted by the Ministry of Planning and Investment is the use of the state’s money to settle commercial banks’ bad debts.

VN Government to have $7 billion by selling 12 big SOEs

VietNamNet Bridge - The State would receive $7 billion if it sells its stakes in 12 large corporations. 

Interest groups hinder equitisation of state-owned firms

The Vietnamese government has many times vowed to boost the equitisation of state-owned enterprises (SOEs), but the process has remained sluggish.

State-owned conglomerate directors receive huge salaries

VietNamNet Bridge - High-ranking executive officers of state-owned conglomerates are believed to receive high wages even though the enterprises operate ineffectively.

Vietnam's bank CEOs receive sky-high salaries

VietNamNet Bridge - The steering committee of Vietcombank, members of the board of directors and supervisory board receive VND1.9 billion a year in salary each. 

Land makes up 68 percent of total state assets

VietNamNet Bridge - The total assets of the state in the national database by December 31, 2015 were valued at VND1,031,313.82 billion.

Vietnam to set up super-committee to manage state assets in SOEs

VietNamNet Bridge - The Committee for managing and supervising state capital and assets will have the function of investing in enterprises and managing the asset portfolio. 

Gov't spends billions of dollars to guarantee SOE loans

VietNamNet Bridge - The loan guarantees issued by the government have mostly gone to projects in power, aviation, cement production, transport infrastructure and two banks.

Vietnam’s State owned enterprises need reforms

Dang Quyet Tien, Deputy Director of the Department of Enterprise Finance, under the Ministry of Finance, spoke to the newspaper Kinh te & Do thi on the importance of having a correct understanding about the equitisation process of SOEs.

Committee set to operate SOEs as a business

 VietNamNet Bridge – The Government has approved a plan to establish a special committee, which will operate like a business, to manage capital at State-owned enterprises (SOEs).

VN State offloads shares in 16 IPOs, raises $90 million

 The State offloaded 147.7 million shares worth US$89.7 million in State-owned companies in 16 initial public offering auctions during the first quarter of this year, the Ha Noi Stock Exchange reported yesterday.

Government to stop providing guarantee for loans to SOEs

VietNamNet Bridge - The state-owned enterprises (SOEs) using foreign loans for production and business fields which bring profits will no longer get a government guarantee for loans.

Vinalines earns profits three years after restructuring

The Vietnam National Shipping Lines (Vinalines) has reported that 2015 was the first year it registered a profit after three years of conducting a comprehensive restructuring plan.

Deputy PM wants ministries to minimise stakes in SOEs

 VietNamNet Bridge – Deputy Prime Minister Vu Van Ninh has called on ministries and agencies to minimise the controlling stake of the State in State-run enterprises (SOEs).

Restructuring of SOEs still slow

 VietNamNet Bridge – The equitization process continues to disappoint despite there clearly being the will to wrap it up as quickly as possible.

Private sector must innovate to compete

 VietNamNet Bridge – Private firms should be more dynamic in developing linkages and production chains to sharpen competitive edges as the country was underway to integrate deeply into the global economy.

Vietnam expects IPOs for big SOEs in 2016

VietNamNet Bridge - The State plans to sell VND40 trillion worth of its capital in state-owned enterprises  (SOEs) in 2016.

State Capital Investment Corporation chairman named

 The Prime Minister has appointed Nguyen Duc Chi as the new chairman of the State Capital Investment Corporation (SCIC).

Vietnam's IPOs underwhelm this year

 Vietnam's initial public offering (IPO) activity has been less than exciting in 2015 and that has been attributed to the lack of blockbuster deals.