Vietnamplus

The Prime Minister has approved the restructuring of Vietnam Railways (VNR) to reduce the number of its subsidiaries.

The 15th National Assembly's Resolution 31 on an economic restructuring plan for 2021-2025 will create a favourable institutional framework and business environment for the strong development of enterprises in Vietnam, according to Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

The adoption of some unprecedented measures supporting the COVID-19 fight, the commitment to achieving net zero emissions by 2050, and new records in the stock market are among the 10 most outstanding economic events of Vietnam in 2021. The following is the list selected by the Vietnam News Agency.

The economic restructuring plan for the 2021-2025 period, approved by the 15th National Assembly during its second session on November 12, will focus on stepping up digital transformation and innovations, Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh has said.

Lawmakers adopted Resolution on economic restructuring plan for the 2021-2025 period with 460 out of 465 approval votes during the ongoing second session of the 15th legislature in Hanoi on November 12.

National Assembly deputies are engaging in online debate on a draft plan on restructuring the economy for 2021-2025 on October 30, the last working day of the first phase held in the form of videoconference of the second session of the 15th legislature.

The National Assembly Standing Committee gave opinions on the economic restructuring plan for the 2021-2025 period during its ongoing fourth session in Hanoi on October 12.

The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.

Fifteen among 22 targets set in the National Assembly’s Resolution 24/2016/QH14 on economic restructuring during 2016-2020 have been or are likely to be fulfilled in 2020, according to the Government’s report presented to the legislature’s 10 session.

The Central Bankruptcy Court of Thailand on September 14 approved a request for a debt restructuring plan of Thai Airways International Plc, the nation’s flagship carrier, which has been hit hard by the COVID-19.

The Thai Cabinet on May 19 approved a plan to restructure Thai Airways International (THAI) following the Transport Ministry's proposal that it must undergo rehabilitation under the Bankruptcy Act.

The State-Owned Enterprises (SOEs) Ministry of Indonesia will close down or merge state-owned companies that have consistently failed to make profits, as part of the government’s SOEs restructuring plan, according to an official.

A master plan to streamline the central Government by trimming down ministries will be developed and determined in 2020, according to Minister of Home Affairs Le Vinh Tan.

Deputy Prime Minister Vuong Dinh Hue welcomed Japanese-based J Trust Corp’s aspiration to involve in the restructuring of Vietnam Construction Bank (CBBank) during a reception in Hanoi on March 29 for its Senior Managing Director Nobiru Adachi.

Prime Minister Nguyen Xuan Phuc has approved a new plan that focuses on restructuring the securities market until 2025.

The PetroVietnam Exploration Production Corporation (PVEP) has surpassed its oil and gas exploration and financial targets for the first half of this year.

The Prime Minister approved a plan on the restructuring of the Vietnam National Shipping Lines (Vinalines) in the form of selling State capital and issuing more stocks to increase its charter capital.

Deputy Prime Minister Trinh Dinh Dung has signed a decision approving the restructuring plan for the industrial sector in 2018-2020, with consideration for 2025.

The Vietnam National Chemical Group (Vinachem) has announced its equitisation and divestment plans for its member companies in 2018.

After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agricultural and Rural Development (MARD).