#SOEs

Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.

Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.

The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.

Ho Chi Minh City is exerting every effort to fulfil State-owned enterprise (SOE) equitisation goals during 2019-2020 as regulated in a plan to rearrange and reform SOEs approved by the Prime Minister.

The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).

Prime Minister Nguyen Xuan Phuc has asked for the clarification of responsibilities of organisations and individuals in delaying the equitisation of state-owned enterprises (SOEs).

The restructuring and equitisation of State-owned enterprises (SOEs) should focus on quality instead of quantity, and the State’s investments need to be restructured to become more effective, an expert has said.

A forum on accelerating the process of reforming and improving the efficiency of state-owned enterprises (SOEs) was held by “Tap chi Kinh Te va Du Bao” (the Journal of Economics and Forecasting) in Hanoi on November 6.

Finance Minister Dinh Tien Dung made clear on some issues concerning land management, evaluation of the rights to land use of equitised State-owned enterprises (SOEs), and invoice management to prevent State budget loss, during a question-and-answer session at the ongoing sixth meeting of the 14th National Assembly in Hanoi on October 31.

Prime Minister Nguyen Xuan Phuc has encouraged Japanese businesses to become strategic partners of Vietnam’s State-owned enterprises (SOEs), especially in industrial infrastructure construction.

The discussion at the National Assembly on the equitisation of State-owned enterprises (SOEs) during 2011-2016 attracted great interest of voters nationwide, with many urging more efforts to improve legal framework for the work.

PM Nguyen Xuan Phuc has urged Thai firms to grasp opportunities arising from merger & acquisition activities and the equitisation of SOEs and their divestment in transport, infrastructure, food, agriculture, telecommunications, trade, services and construction in Vietnam.

Many State-owned enterprises (SOEs) are seeking to divest from commercial banks this year, as forecasts for the local stock remain positive.

Deputy Prime Minister Vuong Dinh Hue has slammed the delay in closing down or restructuring losing industry and trade projects, stressing that the Government would not pump money to save them.

The three telecommunication groups under direct management of the Information and Communications Ministry (MIC) will have to develop their equitisation plans in 2017, according to Minister Truong Minh Tuan.

To create a fair business environment to promote the development of the private sector, experts said restructuring of State-owned enterprises (SOEs) must be hastened.