State-run cement producer VICEM posts annual increase of US$30 million in profit
The company sets a revenue target of over VND35 trillion (US$1.5 billion) in 2021, up 7% year-on-year, and pre-tax profit of VND2.3 trillion (US$99 million), or an increase of 13%.
09:21, 2020/21/22
Vietnam raises US$88 million in state capital divestment in 11 months
Equitisation and divestment from SOEs have not reached the Government’s targets.
11:37, 2020/37/03
Vietnam gov’t warns of interest groups profiteering from SOE privatization
The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy.
12:32, 2020/32/16
Vietnam finance ministry pushes for speedier privatization of SOEs
Only seven state firms have completed their respective privatization process in the first nine months of 2020.
14:39, 2020/39/22
Finalization of legal framework needed to accelerate SOE privatization: Vietnam DPM
State firms that have completed the privatization process are expected to float shares on local bourses and create space for more foreign investors to invest in the local stock market.
16:22, 2020/22/14
Privatization of Vietnam state firms remains slow, meeting 28% of target
Some large SOEs are facing difficulties in valuation, mainly due to complicated financial situations, which causes delays in the privatization process.
11:07, 2020/07/03
Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.
13:14, 2020/14/04
Hanoi’s special finance-budget mechanism to take effect from August 15
The special finance – budget mechanism would be implemented in the next five years.
15:11, 2020/11/19
Vietnam parliament approves special finance-budget mechanism for Hanoi
Under the decision, the Hanoi People’s Council is now authorized to levy new fees and charges in the city, and adjust the existing fees and charges.
22:26, 2020/26/09
Reform state-owned enterprises to avoid a Covid-19 debt and investment crisis
State-owned enterprises supply energy, transport, and water to millions in Asia and the world. Managing them better will help consumers and governments alike.
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