Indonesia to dissolve, merge underperforming SOEs World

Indonesia to dissolve, merge underperforming SOEs

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.
Twelve SOEs report losses in 2019 Business

Twelve SOEs report losses in 2019

The Ministry of Finance has revealed that twelve out of 136 wholly state-owned enterprises had posted losses of 720 billion VND in total (31 million USD) in the first half of last year, and six others faced warnings regarding financial security.
Private economic sector – important driver of economy Business

Private economic sector – important driver of economy

Just one month after the founding of the Democratic Republic of Vietnam, on October 13, 1945, President Ho Chi Minh wrote a letter to the industrial and business circles in the country, in which he stressed their great role in the cause of national construction.
PM urges better coordination in managing State capital Business

PM urges better coordination in managing State capital

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.
HCM City sets development goals for 2020 Business

HCM City sets development goals for 2020

This year, Ho Chi Minh City will continue to restructure the economy, improve competitiveness and labour productivity, and meet the city’s State budget target as set by the Government.