Equitisation of State-owned enterprises remains sluggish
The progress of equitisation of SOEs in the first six months of this year was slower than the same time last year with only 19 SOEs receiving approval for their equitisation plan by mid-June.
Deputy Head of the Corporate Finance Department Dang Quyet Tien at the press conference. The progress of equitisation of SOEs remains slow in the first six months of the year. (Photo: VNA)
Hanoi (VNA) – The progress of equitisation of State-owned enterprises(SOEs) in the first six months of this year was slower than the same time lastyear with only 19 SOEs receiving approval for their equitisation plan bymid-June.
At a press conference on the issue held in Hanoi on June 29, Deputy Head of theCorporate Finance Department under the Ministry of Finance Dang Quyet Tien saidthe Vietnam Southern Food Corporation Limited (Vinafood 2) and the VietnamRubber Group are among those which need to speed up equitisation.
Theofficial attributed the delay to the hesitation and lack of drastic measures onthe side of the firms’ management as well as the market’s low absorptioncapacity.
Divestment activity was also ponderous. Report from the Ministry of Financeshowed that state-owned groups and corporations divested a total 3.4 trillionVND (149.5 million USD) from non-core business areas and recovered 14.8trillion VND (651 million USD). However, over 11 trillion VND (483.8 million USD)of which was collected from selling shares of Vinamilk.
Regarding the draft amendments to Decree No.91/2015/ND-CP on the investment of Statecapital in enterprises and the management and use of capital and assets inenterprise, the Finance Ministry said one of the changes will deal with principlesfor the transfer of State capital and SOEs’ capital invested in other businesses.
Newregulations will be added on the determination of the initial prices whentransferring State capital and SOEs’ capital invested in other businessesrelated to land use right.-VNA
All relevant agencies have been ordered to publicise 578 equitised State-owned enterprises (SOEs) not listed on the stock market as of December 31, 2016.
The PM has given the green light to the equitisation plan for Song Da Corporation in the form of selling parts of state-owned capital and issuing shares to increase charter capital to 4.5 trillion VND.
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.
Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM) urged accelerating state owned enterprises (SOEs) restructuring and equitisation soon.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Deputy Head of the Corporate Finance Department Dang Quyet Tien at the press conference. The progress of equitisation of SOEs remains slow in the first six months of the year. (Photo: VNA) 
