No more cash for ailing mega-projects: Deputy PM Business

No more cash for ailing mega-projects: Deputy PM

The State will not pump more money into 12 loss-making mega-projects under the management of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Truong Hoa Binh said at a recent meeting with high-ranking officials in Hanoi.
Equitisation vital for stock market growth Business

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
Rescued MoIT projects make little progress Business

Rescued MoIT projects make little progress

Three years after the implementation of a government directive aimed at salvaging 12 failed business projects under the Ministry of Industry and Trade (MoIT), little progress had been made and the majority were still losing money, according to a recent Government report submitted to the National Assembly.
80 percent of State-owned economic groups earn profits Business

80 percent of State-owned economic groups earn profits

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.
PM orders stepping up rice purchase Society

PM orders stepping up rice purchase

Prime Minister Nguyen Xuan Phuc chaired a working session with ministries and agencies in Hanoi on February 19 to discuss the acceleration of rice purchase as a way to improve income for farmers.
SCIC evaluates State capital divestment Business

SCIC evaluates State capital divestment

Given the stock market’s recent lethargy, the State Capital Investment Corporation (SCIC) is assessing market demand to consider choosing the most efficient capital divestment options at State-owned enterprises (SOEs).