Vietnamplus

​2018 is hoped to see a strong wave of equitisation of State-owned enterprises (or SOE). However, the first half of the year is yet to see as strong movement as expected.

The National Economics University (NEU) has launched the Vietnam Annual Economic Report 2017, themed “Removing Barriers to the Development of Vietnamese Private Enterprises.”

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.

Quang Ninh, Kien Giang and Khanh Hoa are gearing to develop special administrative-economic zones with expectations that preferential policies will be increased as the National Assembly is discussing the Law on Special Administrative-Economic Units.

The Law on Special Administrative-Economic Units must create breakthroughs in mechanisms and preferential incentives to boost economic development, experts have said.

Equitisation of State owned enterprises has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard.

The Ministry of Finance expects to float the price of milk products for children under six years old by the beginning of next year after the price ceilings for the products are eliminated.

Vietnam has challenges to tackle if it wants to achieve economic targets and deeply integrate into the world's economy in the context of new trade agreements.