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state-owned enterprises

Nineteen State-owned enterprises estimate pre-tax profit of over 2 billion

Nineteen State-owned enterprises estimate pre-tax profit of over $2 billion

The pre-tax profit exceeds the annual target by 20 per cent.
One fifth of State-owned enterprises report losses for 2023

One fifth of State-owned enterprises report losses for 2023

The Government acknowledges some restrictions prevent State-owned enterprises from operating at full capacity.
HCM City seeks to restructure state-owned enterprises

HCM City seeks to restructure state-owned enterprises

HCM City plans to restructure all state-owned enterprises (SOEs) after 2025 to form and develop leading economic conglomerates.
Paving new path for state-owned enterprises growth

Paving new path for state-owned enterprises' growth

The Ministry of Finance (MoF) is gathering feedback on the draft Law on State Capital Management and Investment in Enterprises through recent workshops and discussions.
Việt Nam gains nearly 5.93 million from SOE sell-offs

Việt Nam gains nearly $5.93 million from SOE sell-offs

The People’s Committee of Hải Phòng City divested capital at three firms, and the Ministry of Construction at one company.
PM asks SOEs to consider hiring foreign CEOs to improve efficiency

PM asks SOEs to consider hiring foreign CEOs to improve efficiency

Prime Minister Phạm Minh Chính has asked the State-owned enterprises (SOEs) to pilot the recruitment of foreign chief executive officers (CEOs) and those who are not members of the Communist Party of Việt Nam for managing positions.
SOEs urged to create momentum for the economy

SOEs urged to create momentum for the economy

SOEs are a sector that constructs and develops vital economic infrastructure and key industries to motivation for economic development, especially when the private sector is not yet robust.
SOEs should take the lead in promoting innovation, enhancing competitiveness, PM urges

SOEs should take the lead in promoting innovation, enhancing competitiveness, PM urges

Stressing the important role of SOEs in ensuring macroeconomic stability and promoting socio-economic development, Prime Minister Phạm Minh Chính urged effort to remove difficulties for enterprises including policy bottlenecks and internal problems and raise timely and effective solutions towards promoting...
Ministry wants to transfer 11 SOEs to CMSC, SCIC

Ministry wants to transfer 11 SOEs to CMSC, SCIC

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...
Divestment of state capital in 141 enterprises by 2025

Divestment of state capital in 141 enterprises by 2025

The government set a target of divesting capital in 141 enterprises and equitising 19 state-owned enterprises by 2025.
Green capital needed for sustainable growth

Green capital needed for sustainable growth

The mobilisation of external and domestic resources for sustainable socio-economic development is an urgent goal for Viet Nam, said Minister of Foreign Affairs Bui Thanh Son.
SOEs needs to innovate as VN aims to have at least 25 with market cap from 1 billion

SOEs needs to innovate as VN aims to have at least 25 with market cap from $1 billion

The recent Government’s report submitted to the National Assembly revealed that the operation efficiency of SOEs was below expectation while the investment efficiency of SOEs was not as high as expected when the projects were approved.
Accuracy in SOE valuation must improve

Accuracy in SOE valuation must improve

It is essential to tackle bottlenecks in determining corporate value of State-owned enterprises to ensure the accuracy of valuation and speed up the equitisation process, according to the Ministry of Finance.
Resilient firms see good chance to bounce back: Vietnam Report

Resilient firms see good chance to bounce back: Vietnam Report

Despite challenges due to the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.
Prime Minister underlines crucial role of State-owned enterprises to economy

Prime Minister underlines crucial role of State-owned enterprises to economy

SOEs maintain a core and leading role in the socialist-oriented market economy, contributing to building an independent and self-reliant economy.