Vietnamplus

Stakeholders are calling for a new decision-making mechanism for State-owned enterprises to allow them to operate more independently and sustainably.

Tax revenue in January was estimated at 165.7 trillion VND (7.06 billion USD), or 12.1% of the ordinance estimate, up 4.4% year-on-year, the General Department of Taxation reported on January 31.

Prime Minister Pham Minh Chinh has highlighted the motto of “Solidarity, Discipline - Mettle, Flexibility - Innovation, Creativity - Timeliness, Effectiveness” in order to realise the goals set for 2023.

Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.

Vice Chairwoman of the Indonesian Chamber of Commerce and Industry (Kadin) Shinta Widjaja Kamdani has said that Indonesia and Vietnam still hold much cooperation potential.

The Government set a target of divesting capital in 141 enterprises and equitising 19 state-owned enterprises by 2025.

An international conference was held in Hanoi on November 25 to seek the enhancement of cooperation with global investment institutions to mobilise green finance for State-owned enterprise (SoE) restructuring and sustainable development.

The Asian Development Bank has approved a 500 million USD loan for the Indonesian Government to reform its State-owned enterprises (SOEs).

Ho Chi Minh City’s State budget collection has reached its target ahead of schedule, surpassing 392.7 trillion VND (17 billion USD) in the first ten months of this year, up 1.6% from the estimate and 22.3% year-on-year, reported the municipal Statistics Office.

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.

Indonesian President Joko Joko Widodo has asked state-owned enterprises (SOEs) along with their venture-capital arms to be more involved in aiding home-grown start-ups, hoping it can boost the country’s digital economic resilience amid the highly competitive tech-firm market.

State-owned enterprises should play a more active role in promoting the development in disadvantaged localities, President Nguyen Xuan Phuc said on October 10.

Production and trade activities in the manufacturing and processing sector in Ho Chi Minh City remained stable in the third quarter this year, according to the municipal Department of Industry and Trade.

Many investors from the Republic of Korea (RoK) hold that Vietnam is an attractive destination, but it still needs clearer policies to attract a new investment wave from the Northeast Asian country, reported Dau tu (Vietnam Investment Review).

In 2022, the State Capital Investment Corporation (SCIC) is expected to divest from 101 member companies.

The Indonesian government is set to temporarily suspend the export of new and renewable energy in order to prioritise domestic demands as the national clean energy mix for electricity is still at 11.7 percent, local media reported.

Vietnam is in danger of missing the target of providing 93-95 percent of people in rural areas, and at least 95 percent in urban areas, access to clean water by 2025.

A consortium from the Republic of Korea (RoK) led by LG has signed an initial agreement with Indonesia's state-run companies to push for a project worth around 9 billion USD to establish an electric vehicle battery supply chain in the Southeast Asian country, a LG unit said on April 18.

Vietnam's strategic financial objectives in the 2021-30 period aim to reach a balance between achieving sustainable finance and major socio-economic developmental goals.