They insisted that the role of SOEs has become increasingly important in maintaining macroeconomic stability, guiding the market, and delivering on national strategic objectives.
Currently, in Vietnam, there are more than 670 SOEs, with about two-thirds wholly owned by the state. In the remaining ones, the state holds more than 50% of the charter capital.
Prime Minister Pham Minh Chinh lauded state-owned enterprises for their significant contributions to stabilising the macroeconomy, boosting growth, and ensuring major economic balances over the past period.
The average wages for 2024 and projected bonuses for workers during the New Year and Lunar New Year (Tet) holidays are expected to see steady growth across all business sectors compared to 2023, according to Nguyen Huy Khanh, Vice Chairman of the Hanoi Labour Confederation.
The restructuring of state-owned corporations and enterprises must follow the spirit of “placing national interests above all else” to ensure that state capital is managed and developed optimally, serving national development in the new era, said Prime Minister Pham Minh Chinh.
Deputy Prime Minister Ho Duc Phoc has called for stronger efforts to complete the restructuring projects of State-owned enterprises (SOEs) for approval within the first quarter of this year.
A new chapter is expected to unfold in Vietnam's financial market, as companies across various sectors gear up for their initial public offerings (IPOs), signalling a notable shift in the country's investment landscape.
The list of the 500 largest enterprises in Vietnam (VNR500) was revealed by the Vietnam Report JSC and online newspaper VietNamNet in Hanoi on November 8.
Prime Minister Pham Minh Chinh on August 27 chaired the Government’s law-building session which focused on debating the draft Law on State Capital Management and Investment in Enterprises (revised), the draft Law on Teachers, and the draft Law on Digital Technology Industry.
The Government earned over 149 billion VND (5.93 million USD) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said on August 12.
The Ministry of Finance (MoF)’s experts have stressed the need to remove obstacles in mechanisms and policies to promote the equitisation and divestment of state capital in enterprises.
Vietnam’s 2024 economic growth target of 6.5% is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy, a conference to launch the Vietnam Annual Economic Report 2024 heard.
None of the 19 enterprises that had their equitisation plans approved have managed to reach their target goals during a one year period, a report from the Ministry of Planning and Investment (MPI) showed.
Prime Minister Pham Minh Chinh requested that State-owned enterprises (SOEs) play the pioneering role in innovation, application and mastery of science and technology in the Industry 4.0, and in international integration and effective foreign investment while meeting with executives from over 150 major SOEs on June 15.
The General Department of Taxation on June 5 reported that the total State budget collection of the tax sector in the first five months of this year was estimated at 767.41 trillion VND (30.19 billion USD), equivalent to 51.6% of the yearly projection and representing a year-on-year rise of 14.9%.
About 25.2 million micro, small, and medium enterprises (MSMEs) had entered the digital ecosystem in Indonesia as of 2023, according to Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
