Since 2016, the equitisation and divestment have been carried out at 35 out of 127 State-owned enterprises (SOEs), equivalent to 27.5 percent, while 88 out of 405 firms have completed divestment.
Prime Minister Nguyen Xuan Phuc has signed a decision approving a list of 93 State-owned enterprises which will be equitised from now to the end of 2020.
Issues related to land use right continue to pose obstacles to the State-owned enterprises' process of evaluating the businesses and share prices and executing their equitisation plans, experts said at a meeting on August 8.
The equitisation of State-owned enterprises (SOEs) and divestment of State capital have created more products for the M&A market, heard the Vietnam M&A Forum in HCM City on August 6.
The value of the merger and acquisition (M&A) deals in Vietnam reached 5.43 billion USD in the first seven months of this year, according to data released on July 23 by the AVM Vietnam, a co-organiser of the Vietnam M&A Forum 2019.
Prime Minister Nguyen Xuan Phuc on July 17 asked the Commission for the Management of State Capital at Enterprises (CMSC) to take more flexible approach to dealing with corporate issues in line with the law.
Competent authorities should give top priority to stabilising the macro-economy and applying flexible macro-economic policies to cope with disadvantageous developments of the regional and world economies, heard a seminar held by the Central Institute for Economic Management (CIEM) in Hanoi on July 12.
Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the Steering Committee for Business Renovation and Development in Hanoi on July 8 to review equitisation, divestment and restructuring of State-owned enterprises (SOEs) and corporate development in the first half and tasks for the remaining months of this year.
Shortcomings in terms of institutions and laws are the main cause of the sluggish restructuring of State-owned enterprises (SOEs), which may fail to fulfill many important targets by the end of 2020, according to the Central Institute for Economic Management (CIEM).
The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.
Only three state-owned enterprises (SOEs) got the nod from authorized agencies for their equitisation plans in the first five months of this year, lifting the total number of companies to have plans approved by the end of May 2019 to 30, according to the Ministry of Finance.
The country’s largest engine and machinery producer VEAM has not been able to list on the Ho Chi Minh Stock Exchange (HoSE) due to sluggish equitisation.
The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.
Ho Chi Minh City is exerting every effort to fulfil State-owned enterprise (SOE) equitisation goals during 2019-2020 as regulated in a plan to rearrange and reform SOEs approved by the Prime Minister.
Experts have held that the economy is highly likely to continue the momentum created last year to achieve a breakthrough in 2019, but they also warned that there will be quite a few difficulties.
The Vietnam National Shipping Lines (Vinalines) will organise its general shareholders’ meeting in Quarter 2, officially changing its trading name to Vietnam Maritime Corporation (VIMC).
No State-owned enterprises (SOEs) gained approval for their equitisation plans in the first three months of 2019, according to the Ministry of Finance’s Corporate Finance Department.
The revival of the Vietnam National Shipping Lines (Vinalines) along with infrastructure will be a basis to help the country’s maritime giant to continue its ‘sailing’.
Vietnamese stock market sucked in a further 2.75 billion USD of foreign fund flows after Tet (Lunar New Year), demonstrating investors’ positive sentiments towards this emerging market.
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