New law to untie the hands of State-invested enterprises

Monday, Aug 12, 2024

The draft Law on Management and Investment of State Capital at Enterprises is expected to solve current problems, thereby helping state-owned enterprises develop.

Obstacles needed to be removed to promote equitisation and capital divestment: MoF

Tuesday, Jul 16, 2024

The Ministry of Finance (MoF)’s experts have stressed the need to remove obstacles in mechanisms and policies to promote the equitisation and divestment of state capital in enterprises.

The total revenue of 19 groups and corporations reached over $45 billion

Monday, Dec 25, 2023

The 19 firms’ total revenue reaches VNĐ1.13 quadrillion, equivalent to 105.1 per cent of this year’s target. The pre-tax profit reached approximately VNĐ53.26 trillion, representing 166.1 per cent of the target this year and 110.9 per cent of last year’s result.

Positive changes seen with loss-incurring SoEs: CMSC

Thursday, Oct 05, 2023

Hồ Sỹ Hùng, deputy chairman of the Commission for the Management of State Capital at Enterprises (CMSC) talked to the Vietnam News Agency (VNA) about challenges and difficulties in managing billion-dollar State-owned-enterprises (SoEs), many of which have been incurring heavy...

Ministry wants to transfer 11 SOEs to CMSC, SCIC

Saturday, Aug 26, 2023

The Ministry of Industry and Trade proposed 11 State-owned enterprises (SOEs) in which the ministry represented the State ownership to be handed over to the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment...

MoIT signs co-operation agreement with CMSC and VBF

Friday, Mar 24, 2023

In order to perform its functions and tasks, the ministry urgently needed the co-ordination and assistance of all levels and branches from the central to local levels, said minister Nguyen Hong Dien.

Loss-making projects turn fortunes around

Tuesday, Dec 27, 2022

With directions from the Prime Minister, and relevant ministries and sectors, the Committee for Management of State Capital at Enterprises (CMSC) has solved difficulties in MoIT''s delayed and loss-making projects. 

CMSC's members post revenue of over $47.8 billion in 2022

Friday, Dec 16, 2022

The total revenue of 19 groups and corporations is estimated to reach over VND1.1 quadrillion, equal to 114 per cent of the yearly plan and 133 per cent compared to 2021.

SOEs earn revenue worth nearly VND900 trillion in H1, up 27 per cent

Friday, Jul 22, 2022

Nineteen corporations and enterprises under the management of the Committee for Management of State Capital at Enterprises (CMSC) reported total revenue of more than VND982 trillion in the first half of this year, equivalent to 90 per cent of the...

State capital management commission completes tasks for 2020

Wednesday, Jan 13, 2021

The Commission for the Management of State Capital at Enterprises (CMSC) has settled 233 out of 259 cases transferred from ministries, including 44 in 2020, heard a conference in Ha Noi on Monday.

Super committee fails to report SOEs' finance performance on time

Tuesday, Nov 10, 2020

The Ministry of Finance (MoF) has said the supervision of financial results from State-owned enterprises (SOEs), carried out by the Committee for Management of State Capital at Enterprises, (or Super Committee) was “very slow”.

Six companies get equitisation plans approved in January-August

Monday, Sep 14, 2020

As the Prime Minister’s SOE equitisation plan has remained stagnant for the last five years, economic specialists have said it is very difficult for the stakeholders to complete the plan on schedule, or it is impossible.

State-owned enterprises forecast revenue down due to virus

Tuesday, May 12, 2020

Nineteen State-owned groups and corporations expect to incur losses of some VND26 trillion (US$1.1 billion) this year due to the coronavirus crisis.

State-owned enterprises face VND3.7 trillion loss in Q1 due to COVID-19

Tuesday, Apr 07, 2020

The total revenue of the 19 State groups and corporations fell an estimated VND27.3 trillion in Q1 compared to the same period last year.

State capital commission to work with struggling mega-projects

Friday, Mar 20, 2020

Deputy PM Binh urged the commission to step up effort to exercise the State’s rights as a major shareholder and investor in struggling mega-projects.