The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: Vietnam gains nearly US$5.93 million from SOE sell-offs  (Read 88 times)

HànGiaPhước

  • Full Member
  • ***
  • Posts: 171
    • View Profile
Vietnam gains nearly US$5.93 million from SOE sell-offs

'Vietnam
The Government earned over VND149 billion (US$5.93 million) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said on August 12.     

The People’s Committee of Hai Phong city divested capital at three firms, and the Ministry of Construction at one company.

Regarding the state management in corporate finance, the MoF advised state capital ownership representatives on profit and dividend distribution, appropriation establishment, and business classification in 2023, issues related to oil and gas projects, as well as measures to handle the Phuong Nam Pulp Mill project, Quy Xa iron ore mining and quarrying one, and Lao Cai iron and steel plant.

As of July, competent authority approved restructuring plans for 103 enterprises.

The Prime Minister had previously approved a plan for 2022-2025 that called for the equitisation of 19 enterprises and the reorganisation of five enterprises nationwide.

Out of those 19 with approved equitisation plans, only five have so far established steering committees and working groups to oversee the process. The remaining 14 enterprises are still in the preparatory stages of implementation.

According to the Ministry of Planning and Investment, the process of enterprise restructuring and equitisation of State-owned enterprises is still facing several obstacles and limitations. The main reasons cited for the slow progress are the delays in local authorities approving the appropriate land use plans, especially for enterprises that hold land across multiple localities.

   ]]>
Source: Vietnam gains nearly US$5.93 million from SOE sell-offs



 

Related Topics



-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.