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.
Vietnam, Cuba discuss reform of SOEs Business

Vietnam, Cuba discuss reform of SOEs

A two-day seminar discussing the role of State-owned enterprise (SOEs) reform in socio-economic development opened in Hanoi on April 17, as part of the Vietnam-Cuba friendly cooperation framework.
Retired officials must wait before founding private firms Society

Retired officials must wait before founding private firms

Retired government officials will not be allowed to found, own or run private companies in areas under the jurisdiction and management of their former posts for at least six months after retirement, heard a conference in Hanoi on March 27.
Chairman of Quang Ninh thermal power company arrested Society

Chairman of Quang Ninh thermal power company arrested

The police investigation agency of the northern province of Quang Ninh on March 25 arrested Le Duy Hanh, chairman of the board of directors of Quang Ninh Thermal Power Joint Stock Company, serving their investigations into his alleged abuse of power.
MoIT to transfer five enterprises to SCIC in Q1 Business

MoIT to transfer five enterprises to SCIC in Q1

The Ministry of Industry and Trade (MoIT) will transfer State capital ownership representative rights in five enterprises to the State Capital Investment Corporation (SCIC) in the first quarter of this year.
SOE equitisation, divestment fall short of target: Ministry Business

SOE equitisation, divestment fall short of target: Ministry

Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).
Viettel, SCIC to sell all stakes in Vinaconex JSC Business

Viettel, SCIC to sell all stakes in Vinaconex JSC

Telecom giant Viettel and the State Capital Investment Corporation(SCIC) will auction off all their stakes in the Vietnam Construction and Import-Export JSC (Vinaconex), according to the Hanoi Stock Exchange (HNX).
Deputy Minister: CMSC aims to improve accountability for State capital use Business

Deputy Minister: CMSC aims to improve accountability for State capital use

The establishment of the Committee for Management of State Capital (CMSC) aims to improve accountability for the use and management of State capital in business operations, thereby preventing loss and wastefulness, Deputy Minister of Planning and Investment Le Quang Manh told a press conference in Hanoi on October 1.