SOEs

Update news SOEs

SOE debts may be a threat to VN financial security

The government has denied that acting as a guarantor for enterprises to borrow capital would threaten the nation’s financial security, saying that the involved parties have to follow strict procedures to avoid risks.

Vietnamese Gov't to divest from sensitive sectors

 VietNamNet Bridge – The total State capital invested in five sensitive sectors that need divesting in the last two months of 2015 have touched almost VND16.2 trillion (US$723.2 million),

Where will SOE CEOs go after state’s disinvestment?

VietNamNet Bridge - There are two paths for the leaders of state-owned enterprises (SOEs) to follow after SOEs equitized, either becoming hired workers or civil servants at state agencies. In fact, there is another choice – retirement.

Whose hands will public assets fall into?

VietNamNet Bridge - The equitization of a series of state-owned enterprises (SOEs) will end with a large part of public assets falling into the hands of a group of ‘the super rich’. 

Gov’t report: Over 450 SOEs rearranged

 VietNamNet Bridge – The Government has rearranged 464 State owned enterprises, including 404 equitized over the past years, Deputy PM Nguyen Xuan Phuc told legislators on Monday.

Report: Vietnam economy has weak fundamentals

 VietNamNet Bridge – Vietnam’s economy will continue growing in the short term but in the medium term, its growth path will be bumpy,

Government’s proposal on tax-debt relief for SOEs raises controversy

Advocates of the government’s proposal to free SOEs from tax debts say the tax relief will help the state sell SOEs at better prices. 

Who will be the buyers of SOE shares?

VietNamNet Bridge - Most state-owned enterprises (SOEs) operate in the pivotal business fields of the national economy. Therefore, experts say, Vietnam needs to be careful when choosing new owners for the enterprises.

NA opposes debt breaks for SOEs

The Ministry of Finance's proposal that State-owned enterprises (SOEs), which were under restructuring progress be forgiven tax arrears, did not receive consensus from the National Assembly (NA) Deputies.

Sale of stakes in SoEs marks new era

 VietNamNet Bridge – The State Capital Investment Corporation (SCIC) plans to sell the Government's stakes in 10 major State-owned enterprises. These include listed companies like Vinamilk, FPT Corp, Bao Minh Insurance Corp,

Information about 10 large SOEs for sale

The Government has asked the State Capital Investment Corporation to develop a roadmap to sell state capital worth around $3 billion in 10 large State-owned Enterprises. This is considered great news for investors, especially foreigners.

SOEs told to divest non-core business fields, but let grass grow under feet

VietNamNet Bridge - State-owned economic groups have three more months to withdraw capital from non-core business fields as requested by the government. But they have only gone half of the way.

SOEs told to withdraw capital from non-core businesses, but let other areas thrive

VietNamNet Bridge - State-owned economic groups have three more months to withdraw capital from non-core business fields as requested by the government. But they have only gone halfway toward the goal.

SOEs required to divest non-core business fields, but proceeding slowly

VietNamNet Bridge - State-owned economic groups have three more months to withdraw capital from non-core business fields as requested by the government. But they have only completed half of the goal.

SCIC quits businesses, private investors enter

VietNamNet Bridge - As soon as the State Capital Investment Corporation (SCIC) announced the sale of shares as part of its disinvestment plan, private investors registered to take everything SCIC wanted to sell.

Obstacles remain to equitisation

 VietNamNet Bridge – Ngo Minh Hai, deputy head of the State-owned enterprise (SOE) club of Central Economic Management Institute, told Hai Quan (Customs) newspaper about the equitisation of SOEs in Viet Nam.

Finance Ministry plans to forgive tax debts of SOEs

VietNamNet Bridge - The Ministry of Finance (MOF) has proposed that state-owned enterprises (SOEs) be forgiven their tax debts, which are equal to a total of VND10 trillion. 

Tax loopholes

 VietNamNet Bridge – While most enterprises are struggling to earn some profit and fulfill tax obligations due to protracted economic woes, some firms may just choose to get away with huge unpaid tax sums.

Foreign investors welcome State-owned companies’ IPOs and lift on foreign-ownership ratio

VietNamNet Bridge - Bank shares and state-owned enterprises’ (SOEs) IPOs (initial public offering) have become highly attractive to foreign investors. 

Ministry: Divestments from non-core businesses hard

 VietNamNet Bridge – Agricultural enterprises saw the withdrawal of State capital from non-core businesses in the first half of this year difficult as both share prices and demand were low,