VietNamNet Bridge – Complaining about difficulties in 2013, most state-owned economic groups asked the Prime Minister for a specific mechanism. State-owned groups report losses of nearly $62 billion to the PM Mr. Le Minh Chuan,… [Read more]
(VOVworld) – Minister and Head of the Government Office Vu Duc Dam reiterated the Government’s determination to restructure state-owned enterprises (SMEs) at a regular press conference in Hanoi on Saturday. He also explained that the Government’s proposal to increase the overspend level from 4.8% to 5.3% of the GDP is… [Read more]
VietNamNet Bridge – Many banks, including the major ones, are expecting the Government to increase foreign ownership cap in the banking sector and are ready with plans to sell strategic stakes, Vietnam Investment Review has reported. … [Read more]
VietNamNet Bridge – These days the number of seafood processing workers in Tra Noc Industrial Zone (Can Tho City) and Trung Hoa Industrial Zone (Ca Mau) have been reducing. … [Read more]
VietNamNet Bridge – The Ministry of Home Affairs is developing a project to downsize and restructure the contingent of public servants in the next seven years (2014-2020). According… [Read more]
Tanged: An engineer from the state-owned Electricity of Vietnam works on transmission lines.
An economic restructure plan recently approved by the government also covers SOE restructure. But many laws and regulations need to be amended to ensure the restructure can be carried out rapidly, Vu Xuan Thuyen, deputy head of… [Read more]
There has… [Read more]
VietNamNet Bridge – Commercial banks have reported unsatisfactory business results for 2012 with profits down dramatically. However, the unsatisfactory business performance of the banking system turns out to be the “good news.” The pretax profits reported by some banks… [Read more]
VietNamNet Bridge – TrustBank has “opened fire,” kicking start a new merger and acquisition (M&A) wave in 2013. What are the next?
TrustBank, one of the nine weakest banks, has got the nod from the… [Read more]
More drastic measures are required to revive businesses (VOVworld) – The just-concluded 2012 Spring Economic Forum focused on examining solutions and a detailed roadmap for restructuring the national economy. Overall assessments, analyses, and proposals by the researchers and economists who attended the forum will… [Read more]
Vietnam encourages merging and re-purchasing credit organizations voluntarily Photo: Hoang Ha/VnExpress (VOVworld) – The Prime Minister has approved a project to restructure the credit organization system by 2015. Accordingly, Vietnam aims to form 1 to 2 State-owned commercial banks which reach regional standards in… [Read more]
A second brokerage firm has been warned by the regulator for its failure to settle transactions. Trang An Securities failed to settle some of its transactions at the Vietnam Securities Depository (VSD), which then made the regulator warn the firm and forced it to pay… [Read more]