Budget overspending looks likely Business

Budget overspending looks likely

The Ministry of Finance forecast a budget overspending at 5-5.1 percent of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.
Indonesia to dissolve, merge underperforming SOEs World

Indonesia to dissolve, merge underperforming SOEs

The State-Owned Enterprises (SOEs) Ministry of Indonesia will close down or merge state-owned companies that have consistently failed to make profits, as part of the government’s SOEs restructuring plan, according to an official.
More than 700 businesses trade on UPCoM Business

More than 700 businesses trade on UPCoM

The Hanoi Stock Exchange (HNX) said that its Unlisted Public Company Market (UPCoM) welcomed 11 newly registered stock codes, increasing the total number of businesses trading on the bourse to 701 as of January 5.
SOEs equitisation must be more substantive: expert Business

SOEs equitisation must be more substantive: expert

The equitisation of State-owned enterprises (SOEs) needs to be made in a substantive and comprehensive manner, and all violations, especially at big loss-making firms, must been strictly handled, an official has said.
Institute encourages SOEs equitisation Business

Institute encourages SOEs equitisation

Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM) urged accelerating state owned enterprises (SOEs) restructuring and equitisation soon.
Business

SOEs restructuring, taxation reform on the table

The Public Finance Partnership Group (PFPG) convened a high-level dialogue in Hanoi on July 23, focusing on its 2015-2016 activities to improve the restructuring of State-owned enterprises (SOEs) and reforms of taxation and customs procedures.
Business

Vietnam to set stronger tone for SOEs restructuring

Prime Minister Nguyen Tan Dung has requested drastic actions to restructure State-owned enterprises (SOEs), with a focus on equitisation and withdrawal of State capital from non-core business lines.

As of March 24, 289 SOEs on the waiting list of equitisation already established Steering Boards in charge of the process. Up to 207 of them were evaluating their assets while 81 others planned to announce their worth.

Business

SOEs stakes may be sold at discount rates

A draft regulation about allowing State-owned enterprises (SOEs) to sell stakes in non-core businesses at below the face value would be presented to the Prime Minister for approval.