state-owned enterprises

Update news state-owned enterprises

Building credit: How SOEs can get foreign financing for infrastructure

State-owned enterprises (SOEs) face unique challenges when it comes to attracting foreign financing for infrastructure projects. But there are solutions.

 

State budget to receive $216m in cash dividend from State-owned businesses

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.

 

Vietnamese SOEs must reform and invest in technology

State-owned enterprises (SOE) must strive to reform and become innovation centres in today's modern economy.

Finance ministry to announce over 750 firms delaying listing

A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.

State capital management firm reports high revenue in H1

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.

93 SOEs to be equitised by 2020

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.

80 percent of State-owned economic groups earn profits

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.

Red ink still dominates at State-owned enterprises in Vietnam

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.

VN investment promotion conference held in London

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.

Gov’t tightening equitisation on State-owned firms

 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

Many SOEs in the red

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.

Survey: Many businesses face bribe requests

 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 pulls in $3.2 million at IPO

 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.

State-owned enterprises told to sell up

 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.

Private firms race to take over State-owned enterprises

 Major Vietnamese business people have geared up to take over State-owned enterprises, which were recently equitised, in the role of strategic partners.

HCMC spends more on technological research

 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.

More state firms to be equitised in 2015

 The number of State-owned enterprises (SOEs) set to be equitised during the 2014-15 period will increase from 432 to 532 companies.

Private investors show interest in state-owned enterprises

 VietNamNet Bridge – State-owned enterprises (SOEs) under equitization are turning out to be very attractive in the eyes of private investors.

TPP trade deal nears fruition

 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.

Should the gov’t bail out State-owned enterprises?

The government has unexpectedly proposed to the National Assembly the use of the state budget to settle bad debts incurred by SOEs, even though the legislature has said that SOEs must take responsibility for their debts.