Phan Duc Hieu, a standing member of the National Assembly’s Economic Committee, shares his view on Viet Nam’s economic restructuring plan for the 2021-25 period in the Economic Focus programme of Vietnam News Agency Television.
PetroVietnam (PVN) has proposed the Ministry of Industry and Trade approve the reduction of its ownership in PetroVietnam Drilling and Well Services Corporation (PVD) from 50.4 per cent to 36 per cent.
Prime Minister Nguyen Xuan Phuc has asked Vietcombank to broaden its vision to become a large bank in the Asian region through its newly approved restructuring plan until 2020.
The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
The Ha Noi Stock Exchange (HNX) will support the Vietnam Posts and
Telecommunications Group (VNPT) in formulating a scheme for selling
stakes as regulated under its restructuring plan.
The Ministry of Agriculture and Rural Development (MARD) has launched a
restructuring plan for agricultural production till 2020, which focuses
on equitisation and divestments by the state in corporations and
groups.
Major mobile network operator Mobifone has been detached from the
state-owned Viet Nam Posts and Telecommunications (VNPT), and was under
the management of the Ministry of Information and Communications (MIC).
Agreement and sharing are critical in the current stage of handling
purchased bad debts in Viet Nam, which helps save enterprises, avoid
clashes and losses for all related parties.
The State Bank of Viet Nam (SBV) has discovered two more weak banks and
six credit institutions to be restructured this year, along with nine
other banks now being monitored.
Vietnam Debt and Asset Trading Corporation (DATC) will issue US$600
million of bonds overseas guaranteed by the Vietnamese Government to
restructure the debts of Vietnam Ship Building Group (Vinashin).
The Viet Nam Shipbuilding Industry Group (Vinashin) would need nearly
VND1.2 trillion (US$57.1 million) to pay out redundancy entitlements for
14,000 employees laid off under the company''s restructuring plan.
The Viet Nam Shipbuilding Industry Corporation (Vinashin) will lay off
nearly 14,000 employees as part of its restructuring plan, Vinashin
leaders announced in a meeting with the Ministry of Transport on Monday
in Ha Noi.