Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.
The National Assembly (NA) Standing Committee contributed opinions to the Government’s report on thrift practice and wastefulness prevention at its 23rd session in Hanoi on May 11.
Prime Minister Pham Minh Chinh signed an official dispatch on April 18 demanding relevant ministries and agencies to speed up the Long Thanh International Airport project, which is lagging behind schedule.
Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
State-run groups and corporations must operate effectively to contribute to building an independent and self-reliant economy, Prime Minister Pham Minh Chinh requested on March 18.
A delegation of the Committee for Management of State Capital at Enterprises (CMSC) will meet with leaders of the China Metallurgical Group Corporation (MCC Group) in Beijing on March 18 to discuss the stagnant second-phase expansion of the Thai Nguyen iron and steel plant (Tisco 2).
The National Assembly (NA) Standing Committee discussed some contentious issues on the revised draft Law on Bidding on March 15 as part of its ongoing 21st session in Hanoi.
The State Capital Investment Corporation (SCIC) on January 10 reported that its after-tax profit in 2022 reached over 6.83 trillion VND (291.5 million USD), 91% higher than the yearly plan.
Negative effects of the COVID-19 pandemic and uncertainties in the global markets caused some enterprises under the Commission for the Management of State Capital at Enterprises (CMSC) to see sharp declines in profits this year, with some even posting great losses and reductions in equity.
It is critical for State-owned enterprises (SOEs) to strengthen innovations as Vietnam has set the target of having at least 25 SOEs with a market capitalisation of 1 billion USD and more.
After severe impacts of the COVID-19 pandemic, enterprises invested with state capital has begun to bounce back since 2021, according to the Ministry of Finance.
The National Assembly (NA) Standing Committee looked into the inclusion of the draft Law on Management and Use of State Capital Invested in Production and Business at Enterprises (amended) into the law and ordinance building programme in 2023, during its 14th session in Hanoi on August 11.
The State Capital Investment Corporation (SCIC) plans to sell its entire 98.84% stake in its affiliate Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN).
Prime Minister Pham Minh Chinh on July 31 inspected the progress of the second phase of the Thai Nguyen Iron and Steel Plant extension project (TISCO 2) in the northern province of Thai Nguyen on July 31.
The combined revenue of 17 out of 19 groups and corporations under the Commission for the Management of State Capital at Enterprises was estimated at over 892.16 trillion VND (38.05 billion USD) in the first half of this year, equivalent to 90% of the yearly target and up 27% year-on-year.
The Vietnam Electricity Group (EVN) and the French Development Agency (AFD) on March 28 signed a credit agreement with a non-Government guaranteed loan worth 80 million EUR (87.8 million USD) to implement the southern Vietnam power distribution project invested by EVN’s Southern Power Corporation (EVN SPC).
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