Government names SOEs incurring losses of trillions of VND

Chia sẻ | FaceBookTwitter Email Copy LinkInterested020/10/2020    20:12 GMT+7

The government has sent a report to the National Assembly on investment of state capital in enterprises, and the use of the fund for enterprise support and development in 2019.

As of the end of the 2019 fiscal year, there were 818 enterprises with state capital, including 491 wholly state owned (SOEs) and 327 state invested enterprises.

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Tens of trillions of dong of state capital nearly lost in equitization

Last update 08:00 | 03/09/2017
VietNamNet Bridge – More than 96 percent of SOEs slated for equitization have been equitized, but only 8 percent of the state’s capital has been transferred to the private sector. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, SOE, equitization, MOF
According to Tran Dinh Thien, the number of SOEs has decreased significantly over the last 15 years of restructuring, from 6,000 in 2001 to 700 in 2016.

The equitization has led to a significant decrease in the number of business fields in which the State invests. In 2001, SOEs were operating in 60 business fields, but the figure has dropped to 19. This has given more ‘space’ and opportunities to the private sector to make investments. Tiếp tục đọc “Tens of trillions of dong of state capital nearly lost in equitization”