Prime Minister Nguyen Xuan Phuc has reiterated the Government’s resolve to control inflation, noting that although the consumer price index (CPI) in July fell slightly from the previous month, the pressure for inflation hike remains considerable.
Deputy Prime Minister Vuong Dinh Hue has requested fixing land use plans before equitisation, given that many State-owned enterprises (SOEs) are focused on land value instead of investing in their core areas.
The equitisation plans of eight State-owned enterprises (SOE) were approved in the first half of 2018, with a total value of 29.37 trillion VND (1.29 billion USD), including more than 15.16 trillion VND (667.04 million USD) of State capital, the Ministry of Finance has reported.
Vietnam National Shipping Lines (Vinalines) is due to sell more than 280 million shares in its initial public offering (IPO) at the Hanoi Stock Exchange (HNX) in early August.
Many investors have shown their keen interest in the equitisation of the Vietnam National Shipping Lines (Vinalines) as the country’s biggest sea transport company plans to hold their initial public offering (IPO) in early September.
The 14th National Assembly adopted at its 5th session a resolution on continuing to improve and enforce policies and laws on the management and use of State capital and assets in enterprises and during the equitisation of State-owned enterprises (SOEs).
The International Monetary Fund (IMF) hopes it would support Vietnam to become a country with higher average income and even high income in the next decade, said Changyong Rhee, Director of the IMF’s Asia and Pacific Department.
The Ministry of Construction has offered nearly 80.58 million shares of the largest ceramics producer Viglacera in an attempt to offload the State capital in the company.
2018 is hoped to see a strong wave of equitisation of State-owned enterprises (or SOE). However, the first half of the year is yet to see as strong movement as expected.
The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.
The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval.
The Ministry of Finance (MoF) has urged some State-owned enterprises (SOEs) to hasten their equitisation and divestment plans, as progress remains slow and might fail to meet their deadlines this year.
The discussion at the National Assembly on the equitisation of State-owned enterprises during 2011-2016 attracted great interest of voters nationwide, with many urging more efforts to improve legal framework for the work.
Lawmakers stressed the need to clearly define State management and corporate governance in businesses during the ongoing fifth session of the 14th-tenure National Assembly on May 28.
The operation efficiency of State-owned enterprises (SOEs) during 2011-2016 had yet to match the resources they were holding, according to a report delivered to the National Assembly on May 28.
Lawmakers will focus their attention on the implementation of policies and laws on the management and use of State capital and asset in enterprises and the equitisation of SOEs during 2011-2016 on May 28.
The fifth session of the 14th NA runs from May 21 to June 15, 2018. At the session, the NA will consider and approve eight draft laws, one draft resolution and discuss eight other bills.
Economic and trade ties are a highlight of the growing Vietnam-Sweden relationship in multiple spheres, which is partly attributable to successes of Swedish businesses in Vietnam like Comvik, said Deputy Prime Minister Vuong Dinh Hue.
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