Equitization and divestment target is difficult to become true

Equitization and divestment target is difficult to become true

VCN - According to the Ministry of Finance, in the period from 2022 to present, the system of legal and policy mechanisms serving the process of restructuring state-owned enterprises (SOEs) has been fully issued to accelerate the progress of equitization,
State-owned enterprises adjusting end-of-year business plans

State-owned enterprises adjusting end-of-year business plans

VCN - By the end of 2022, Vietnam had about 478 State-owned enterprises (SOEs) with 100% charter capital held by the State, and around 198 SOEs with controlling stakes held by the State. As of June 30, 2023, the total revenue of SOEs nationwide reached ne
SOEs help stabilise macro-economy

SOEs help stabilise macro-economy

With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, 19 groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) have posted significant growth, contributing to maintaining macro-economic stability, a CMSC representative has said.
Vietnam, China boost cooperation in SOE reform, development

Vietnam, China boost cooperation in SOE reform, development

Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
Positive changes in outward investment of state-owned enterprises

Positive changes in outward investment of state-owned enterprises

VCN - In 2021, many offshore investment projects of SOEs and state-owned enterprises recorded high revenue and profits compared to 2020, however, there are still cases that suffer from incurred losses.
Outward investment of SOEs sees positive changes

Outward investment of SOEs sees positive changes

VCN - The outward investment of state-owned enterprises (SOEs) is not entirely directly invested by the parent company, but mainly through subsidiaries. In 2021, many outward investment projects of SOEs and enterprises with state capital recorded a surge
Corporate governance innovation key factor for effective restructuring of SOEs

Corporate governance innovation key factor for effective restructuring of SOEs

VCN - According to the Department of Corporate Finance (under the Ministry of Finance), the improvement of the Law on Corporate Governance in SOEs plays a key role in improving the investment and business environment.
Improve governance efficiency in SOEs

Improve governance efficiency in SOEs

VCN – On September 29, the Institute of Financial Strategy and Policy and the Department of Corporate Finance (under the Ministry of Finance) jointly held a scientific seminar with the theme “Improving governance efficiency in State-owned enterprises”.
Expedite implementation of scheme of restructuring SOEs

Expedite implementation of scheme of restructuring SOEs

VCN - The process of restructuring SOEs, equitization and divestment of state capital in many enterprises in 2016-2020 has achieved positive results. However, the performance at some SOEs has not gained results as expected.
Ministry of Finance requests expediting equitization, divestment and restructuring of SOEs

Ministry of Finance requests expediting equitization, divestment and restructuring of SOEs

VCN - The Ministry of Finance has issued Official Dispatch 6388/BTC-TCDN dated July 4 accelerating the equitization, divestment and restructuring of SOEs.
PM underlines need to optimise resources from SOEs

PM underlines need to optimise resources from SOEs

It is necessary to promote the leading role of State-owned enterprises (SOEs) in forming and expanding production, supply and value chains, stated Prime Minister Pham Minh Chinh during a working session with the Party Committee of the Central Enterprises Bloc (CEB) in Hanoi on July 12.
SOEs to spearhead recovery and national development

SOEs to spearhead recovery and national development

State-owned enterprises (SOEs) are to spearhead the country's economic recovery post-pandemic, to modernise and play a key role in national development efforts, Prime Minister Phạm Minh Chính told government officials and SOEs' executives during an online conference yesterday.
Conference seeks to mobilise SOEs’ resources for national development

Conference seeks to mobilise SOEs’ resources for national development

Prime Minister Pham Minh Chinh chaired an online conference with representatives from State-owned enterprises (SOEs) on March 24, which focused on ways to mobilise more resources from SOEs for the country’s socio-economic development.
Billion-dollar SOEs to be made leading companies

Billion-dollar SOEs to be made leading companies

The Ministry of Planning and Investment has proposed engaging a selection of seven billion-dollar State-owned enterprises (SOEs) in a project that will turn them into the leading players in their field.
Ministry proposes special policies for large SOEs

Ministry proposes special policies for large SOEs

The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises (SOEs) to make them spearheads in key industries of the economy.
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