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80 percent of State-owned economic groups earn profits

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, fulfilling more than half of their yearly targets, according to the committee.

New regulations on use of foreign currencies in Vietnam

New regulations on use of foreign currencies in Vietnam

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

Equitisation of State-owned enterprises remains slow: official

Equitisation of State-owned enterprises remains slow: official

The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.

Int’l accounting rules compulsory after 2025: draft

Int’l accounting rules compulsory after 2025: draft

The adoption of International Financial Reporting Standards (IFRS) will be compulsory for State-owned enterprises (SOEs), listed companies and large-scale unlisted public companies after 2025, according to a draft project the Ministry of Finance recently made public for comments.

Vietnam, Cuba discuss reform of SOEs

Vietnam, Cuba discuss reform of SOEs

A two-day seminar discussing the role of State-owned enterprise (SOEs) reform in socio-economic development opened in Hanoi on April 17, as part of the Vietnam-Cuba friendly cooperation framework.

State Audit agency to evaluate 25 State enterprises in 2019

State Audit agency to evaluate 25 State enterprises in 2019

The State Audit of Vietnam (SAV) will audit 25 State-owned enterprises and financial organisations in 2019. They include the State Bank of Vietnam, 21 economic groups and corporations and three banks and credit institutions.

High return draws private equity investments to Vietnam

High return draws private equity investments to Vietnam

Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies.

State capital manager urged to root out corruption

State capital manager urged to root out corruption

The committee for management of state capital at enterprises must join hands with relevant agencies to chalk out concrete measures to prevent corruption, losses and waste, said Prime Minister Nguyen Xuan Phuc.

IPOs needed to improve market

IPOs needed to improve market

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of the Military Commercial Joint Stock Bank.

Inefficient State sector still hinders growth

Inefficient State sector still hinders growth

Poorly implemented economic reforms have left Vietnam with a distorted market still struggling to overcome the shadow of inefficient State-owned enterprises, an economist said on January 18.

SOEs facing divestment to be made public soon

SOEs facing divestment to be made public soon

Deputy Prime Minister Vuong Dinh Hue has urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested.

PM vows to back Japanese investors

PM vows to back Japanese investors

The Vietnamese Government will seek measures to create favourable conditions for Japanese firms to operate in the country, Prime Minister Nguyen Xuan Phuc told President of the Japan Chamber of Commerce and Industry (JCCI) Akio Mimura at their meeting in Hanoi on January 23.

Telecom giants VNPT, MobiFone to equitise

Telecom giants VNPT, MobiFone to equitise

Two giants mobile network operators MobiFone Telecommunications Corporation (MobiFone) and Vietnam Post and Telecommunications Group (VNPT) are aiming to conduct their equitisation in the 2016-2020 period.