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Update news state-owned enterprises
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.
State-owned enterprises (SOEs) face unique challenges when it comes to attracting foreign financing for infrastructure projects. But there are solutions.
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.
State-owned enterprises (SOE) must strive to reform and become innovation centres in today's modern economy.
A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.
The State Capital Management Corporation (SCIC) has reported over 3.05 trillion VND (131.15 million USD) in revenue in the first half of this year, a rise of 762 billion VND over the same period last year.
Prime Minister Nguyen Xuan Phuc has signed a decision approving a list of 93 State-owned enterprises which will be equitised from now to the end of 2020.
Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year.
At the Viet Nam Industrial Construction Corporation (Vinaincon)’s annual general meeting this year a report from its supervisory board said the company achieved only 77.5 per cent of its revenue target in 2018.
More than 200 foreign firms attended a conference to promote investment in Vietnam in London on July 4, which was chaired by Minister of Finance Dinh Tien Dung.
VietNamNet Bridge – Vuong Dinh Hue, Deputy Prime Minister and head of the Steering Committee for Enterprise Renewal and Development speaks with Thoi bao Kinh te Viet Nam about the restructuring of State-owned enterprises
Five of 38 large State-owned enterprises (SOEs) incurred losses in 2014 totaling $180 million while many other big names have doubtful debts on their books.
VietNamNet Bridge – The number of enterprises in Vietnam getting bribe requests when working with State agencies is big, a survey of the Vietnam Chamber of Commerce and Industry (VCCI) showed.
Saigon Railway Station sold over 7.21 million shares to 20 investors at its initial public offering (IPO) on December 7, equal to 14.33 per cent of its charter capital.
Prime Minister Nguyen Tan Dung has directed ministries, sectors, as well as State-owned groups and corporations to complete the withdrawal of their capital from non-core businesses by this year end.
Major Vietnamese business people have geared up to take over State-owned enterprises, which were recently equitised, in the role of strategic partners.
VietNamNet Bridge – The HCMC Department of Science and Technology said more than VND121 billion (US$5.6 million) was disbursed for scientific and technological research projects last year, which was much higher than in previous years.
The number of State-owned enterprises (SOEs) set to be equitised during the 2014-15 period will increase from 432 to 532 companies.
VietNamNet Bridge – State-owned enterprises (SOEs) under equitization are turning out to be very attractive in the eyes of private investors.
VietNamNet Bridge – Local products would enjoy big benefits from the TPP agreement, Tran Quoc Khanh, Deputy Minister of Trade and Industry, told Thoi bao Kinh te Viet Nam.