Agriculture ministry presses ahead with SOE equitisation
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has instructed accelerating the equitisation of State-owned enterprises (SOEs) in which the ministry is the representative of the State ownership.
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan (Photo: VNA)
Hanoi (VNA) – Deputy Minister of Agriculture and Rural Development Ha CongTuan has instructed accelerating the equitisation of State-owned enterprises(SOEs) in which the ministry is the representative of the State ownership.
TheDeputy Minister made the request at a conference to review the ministry’sperformance in restructuring enterprises in 2018 and announce plans for thenext two years on January 10.
Specifically,he urged the early completion of the balance sheet, the second time, ofState-owned capital in the Vietnam Tea Corporation and the Vietnam General ofAgriculture Material Corporation Limited to hand over to the equitisedcorporations. The balance sheet for the Vietnam National Vegetable, Fruit andAgricultural Product Corporation Limited must be completed within the firstquarter of this year, he said.
DeputyMinister Tuan also required competent agencies to decide the date for theevaluation of the value of the Ha Long Seafood, build the rearrangement planfor the Hanoi Agrexport, and equitise or dissolve the Agriculture PublishingHouse.
He added that the ministry will accelerate thesale of State capital in Navetco and Vetvaco in an open and transparent manner.
Accordingto Dang Vu Tran, Deputy Director of the Department for Enterprise Management,the Ministry of Agriculture and Rural Development (MARD) will complete thetransfer of the State capital ownership representative rights to the StateCapital Investment Corporation (SCIC) during 2019-2020 in accordance withinstructions of the Prime Minister.
Forpublic non-business units under its management, the MARD will submit to thePrime Minister for approval a list of units to be converted into equitisedcompanies.
During 2018, the MARD equitised the VietnamRubber Group along with its 20 subsidiary companies and the Vietnam Southern FoodCorporation, and divested 100 percent of State capital at the Vietnam Sugarcaneand Sugar Corporation II.
Theministry also transferred to the SCIC the State capital ownershiprepresentative rights in five corporations, namely the Vietnam Rubber Group,the Vietnam Northern Food Corporation, the Vietnam Southern Food Corporation,the Vietnam National Coffee Corporation and the Vietnam Forestry Corporation.-VNA
The Ministry of Agriculture and Rural Development (MARD) is determined to punish those whose lack of responsibility led to the prolonged equitisation of State-owned enterprises (SOEs), said MARD Deputy Minister Ha Cong Tuan.
The equitisation of State-owned enterprises (SOEs) should be stepped up towards transparency in line with the market mechanism, heard a workshop in Ho Chi Minh City on June 23.
Equitisation of State owned enterprises has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard.
Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan (Photo: VNA)
