The Government earned VND198 trillion (US$8.49 billion) from divestment and equitisation of State-owned enterprises (SOEs) in the past three years.
Divestment from State-owned enterprises and groups is an inevitable trend brought about as the consequence of rampant investments through “powerful blows” during the years in the late 2000s and early this decade.
Transparency is critical to raise the efficiency of State-owned enterprises (SOEs), heard a seminar in Hanoi on September 19.
Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors following equitisation and have decided to retain the shares or sell them to the public.
There is a trend towards rising consumerism in Vietnam, especially in the sectors Singaporean investors are encouraged to engage in by government policies.
State-owned businesses must undergo a review of their assets before they can be equitised over the next two years.
Deputy Prime Minister Vuong Dinh Hue has requested fixing land use plans before equitisation, given that many State-owned enterprises (SOEs) are focused on land value instead of investing in their core areas.
Retail, consumer goods, and real estate are forecasted to lead the Vietnamese mergers and acquisitions (M&A) market in 2018. In addition, the value of the M&A market is forecast to stay above $6 billion.
The equitisation plans of eight State-owned enterprises (SOE) were approved in the first half of 2018, with a total value of VND29.37 trillion (US$1.29 billion), including more than VND15.16 trillion (US$667.04 million) of State capital, the Ministry of Finance has reported.
Vietnam should establish specific regulations to enhance the efficiency of monitoring mechanism of the agency representing the owner at State-owned enterprises (SOEs) during the shake-up process of the businesses.
The 14th National Assembly adopted at its 5th session a resolution on continuing to improve and enforce policies and laws on the management and use of State capital and assets in enterprises and during the equitisation of State-owned enterprises (SOEs).
VOV.VN - Prime Minister Nguyen Xuan Phuc expressed hope that newly-appointed Ambassador of the Republic of Korea (RoK) to Vietnam Kim Do-hyun, with his experience, will significantly contribute to enhancing the strategic partnership between the two countries in a more practical and effective way.
The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.
The Ministry of Transport equitised 137 State-owned enterprises (SOEs) during 2011-16, surpassing the target by 67.
Lawmakers stressed the need to clearly define State management and corporate governance in businesses during the ongoing fifth session of the 14th-tenure National Assembly on May 28.
Party General Secretary Nguyen Phu Trong on May 21 signed the issuance of a Resolution of the 7th meeting of the 12th Party Central Committee on the reform of salary policy for civil servants, public employees, the armed forces and workers of enterprises (Resolution 27-NQ/TW).
Joint winner of the 2004 Nobel prize in Economics, Prof. Finn Kydland, spoke to Viet Nam News about the Vietnamese economy and growth on the sidelines of the 2018 Recontres du Vietnam – a development initiative that has brought world-renowned scientists to Vietnam for discussions since 1993.
The equitisation of state-owned enterprises (SOE) requires appropriate measures and prudent implementation in order to meet the set requirements and remain on schedule.
The failed IPO of VTVCab and the Mobifone-AVG scandal are valuable lessons for Vietnam on the valuation of state-owned enterprises (SOEs).
As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).