The speed of state capital divestment at enterprises also remains slow as compared to the set plan. In the first six months of the year, almost no large-scale equitisation or divestment was conducted. Under Decision No.1232/QD-TTg dated August 2017 on approving the list of state-invested enterprises undergoing divestment, in the 2017-2020 period divestment of 348 enterprises was planned. However, only 26.4 per cent has been completed (92 enterprises). In June, the prime minister promulgated Decision No.908/QD-TTg on approving the list of state-invested enterprises undergoing divestment. … [Read more...] about How to drive the economy by reforming state-owned debt
State owned enterprises
MPI prepares new decree on SOE information disclosure
It also says that business news must be posted on the portal and website of the firm, the State agency and the MPI’s business information portal. Companies are also required to publicise their six-month and full-year financial reports. … [Read more...] about MPI prepares new decree on SOE information disclosure
Six companies get equitisation plans approved in January-August
The Vietnamese Government must sell its stakes in 91 other SOEs by December 31, 2020. Those companies are now managed by the authorities of Ha Noi and HCM City, the Committee for Management of State Capital at Enterprises, and the ministries of Construction and Industry and Trade. … [Read more...] about Six companies get equitisation plans approved in January-August
Japanese enterprises mull over relocation of manufacturing to Vietnam
Speaking at the conference, a representative of the Japanese Chamber of Commerce and Industry proposed a preferential mechanism in favor of investments from the manufacturing and machinery industries of Japan, plus the construction of energy infrastructure under the public private partnership framework, both of which are expected to promote Japanese investments into Vietnam's state-owned companies. … [Read more...] about Japanese enterprises mull over relocation of manufacturing to Vietnam
PM holds dialogue with Japanese firms
He stressed that with a population of nearly 100 million and being part of the dynamic 650 million-strong bloc of ASEAN, Vietnam is big enough for business plans and suitable for restructuring, shift of regional and global supply chains by foreign investors, especially those from Japan. … [Read more...] about PM holds dialogue with Japanese firms
