It’s time to further promote the role of large corporations in this period when the Vietnamese economy needs added impulse to recover from the COVID-19 pandemic and global economic slowdown, according to the Ministry of Planning and Investment.
Generali has been listed among the Corporate Knights’ 2020 Global 100 Most Sustainable Corporations, a ranking of the world’s 100 most sustainable corporations.
The Committee for Management of State Capital at Enterprises will focus on monitoring State investment capital and finance at 19 State-owned corporations and groups until the end of this year.
Viet Nam welcomes high-quality investment projects from Japan, Prime Minister Nguyen Xuan Phuc said in a round-table talk with some of Japan’s leading corporations in Tokyo on Monday.
Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Viet Nam has been a top priority choice of multinational corporations.
Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors post-equitisation and have decided to retain the shares or sell them to the public.
State corporations and groups have been found to have committed violations worth nearly VND350 trillion (US$15.5 billion) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.
Electricity of Viet Nam (EVN) posted total electricity output and imports of 48.96 billion kilowatt hours in the first quarter of the year, representing 11.2 per cent yesr-on-year.
Five big State-owned corporations will conduct initial public offerings (IPOs) in the first quarter. Market insiders give their forecast on the IPO prospects, market-absorption capacity and impact on the Government’s equitisation process this year.
Viet Nam has embarked on the process of liberalising the power sector, in the hopes of easing electricity shortages, attracting more investment and boosting economic growth.
The Ministry of Transport (MoT) is pushing forward with the
restructuring of State-owned enterprises (SOEs), having divested VND2
trillion (US$89.7 million) from five corporations and companies since
the beginning of this year.