Vietnamplus

Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyen Xuan Phuc has said.

The equitisation of State-owned enterprises (SOEs) has fallen behind the target set by the Government and ministries for 2017-2020.

A majority of groups and corporations fulfilled 2019 targets assigned by the Committee for Management of State Capital at Enterprises (CMSC), heard a conference in Hanoi on January 16.

Prime Minister Nguyen Xuan Phuc urged better coordination between the Commission for the Management of State Capital at Enterprises (CMSC) and ministries, sectors and corporations at a review conference of the CMSC on January 16.

No State capital will be provided for the construction of the Tan Son Nhat Airport’s T3 Terminal, Deputy Prime Minister Trinh Dinh Dung has announced.

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Vietnam (SBV) Le Minh Hung.

The railway sector is looking to attract more investment and improve its competiveness, but the lack of capital as well as mechanisms and policies has hampered its development.

After proposing the Government amend Decree 91/2015/ND-CP, the State Bank of Vietnam (SBV) will coordinate with the Ministry of Finance to seek the Prime Minister’s approval for increasing capital for banks.

The ICT Press Club on December 26 announced the top 10 information, communications and technology (ICT) events in 2019 voted by more than 50 leading journalists in the field.

The application of Basel II is considered the fundamental restructuring solution creating the foundation for promoting the safety, healthy development and competitiveness of the banking system.

The year 2019 was full of difficulties, and thanks to high efforts of relevant parties, the stock market did not witness a big collapse, said an official of the State Securities Commission of Vietnam.

Only nine state-owned enterprises (SOEs) were given the green light from the government for their equitisation plans this year, reported the Ministry of Finance (MoF).

Up to 92 out of the 128 targeted state-owned enterprises (SOEs) must be equitised this year under the 2017-2020 equitisation plan approved by the government.

Vietnam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Hanoi on November 18.

The restructuring of agro-forestry companies has created jobs to workers in border, remote and ethnic minority regions, contributing to socio-political stability, agricultural and new rural development, heard a conference in Hanoi on November 18.

Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week.

The nature of Public-Private Partnership (PPP) projects is sharing risks between the State and the private sector, therefore a detailed audit framework should be developed.

More than per 76 percent of current investment projects following public-private partnerships (PPP) are in the field of transport infrastructure, but investors still feel insecure.

National Assembly deputies are scheduled to adopt a resolution on the socio-economic development plan for 2020 on November 11 as part of their ongoing eighth session.

Prime Minister Nguyen Xuan Phuc recently issued a disciplinary warning against Vu Van Ninh, Deputy PM in the 2011 – 2016 tenure, for his serious violations and shortcomings while performing duties.