Hanoi (VNA) - Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses. At its meeting in Hanoi, the steering committee for enterprise reform and development reported that from 2016 to June 2020, more than 218 trillion VND (9.4 billion USD) was collected from SOE equitisation and State capital divestment, up 2.79-fold against the figure recorded in the 2011-2015 period as a whole, of about 78 trillion VND. State capital divestment, however, is still behind schedule, it said, pointing out that under the PM-approved plan for 2017-2020, divestment at 348 enterprises is to be completed within the period but has been carried out at just 92, or only 26.4 percent. Also head of the steering committee, Binh blamed the problem on the slow revision of regulations on equitisation and divestment as well as the lax … [Read more...] about Deputy PM demands faster SOE equitisation, State capital divestment
Noting that the remaining months of this year is also the final period for implementing the equitization and divestment plan for 2016-2020, Binh asked ministries, sectors, and SOEs to exert every effort to restructure SOEs while accelerating equitization and divestment to record the best possible results. … [Read more...] about Deputy PM demands faster SOE equitization, State capital divestment
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Speaking on the matter, Chairman of the NA's Economic Committee Vũ Hồng Thanh said: "The definition of SOEs has been changed too frequently, making it difficult to reach uniformity on how they are managed and treated compared to other business enterprises." … [Read more...] about Revised enterprise law to not include household businesses, SOEs definition settled
The Law on Public-Private Partnership Investment aims at constituting a highly-effective and more secure regulatory framework to boost the efficiency of investment attraction under the PPP model, creating incentives and mechanisms to ensure investment attractiveness and mitigate risks for investors engaging in infrastructure development and public service provision. … [Read more...] about Wide impacts to be made with new law changes