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State-owned enterprises
News updates related to SOEs
Prime Minister works with state-owned enterprises on digital transformation, promoting growth
This morning, April 15, at the Government headquarters, the Conference of the Prime Minister working with Chairmen and General Directors of a number of State-owned Corporations and Groups was held with the theme: State-owned enterprises pioneering in digital transformation and promoting growth.
News
Merging many Party agencies and specialized agencies in state-owned enterprises
In the second quarter of 2019, a series of Party agencies and specialized agencies with similar functions and tasks in state-owned enterprises and enterprises with state-controlled capital will be merged.
Workers' rights when state-owned enterprises are equitized
According to Decree No. 126/2017/ND-CP, employees at equitized enterprises are allowed to buy a maximum of 100 shares for each year they have actually contracted with the company at a selling price equal to 60% of the value of 1 share calculated at par value (VND 10,000/share).
Plan to reorganize 12 state-owned enterprises in Nghe An
(Baonghean.vn) - As of June 25, the People's Committee of Nghe An province has had specific plans for 12 state-owned enterprises that need to be restructured, including CHPs in the agricultural sector.
Transform most state-owned enterprises, fight against 'group interests' and 'backyards'
The General Secretary requested to accelerate the transformation of most SOEs into enterprises with mixed ownership structures; at the same time, resolutely combat and take measures to prevent and overcome the situation where leaders and managers of SOEs collude with State officials and civil servants and the private economic sector to form "interest groups" and "backyards"...
Focus on selecting partners for equitization and business arrangement
(Baonghean) - Implementing the Party and State's policy on restructuring and reforming state-owned enterprises (SOEs), Nghe An is equitizing water supply enterprises and divesting capital from some equitized enterprises that do not require the State to hold controlling shares. For forestry enterprises, the State still holds 100% of the capital.
Lawlessness
(Baonghean) - The September 18 report of the Ministry of Planning and Investment to the Government stated that the deadline for periodic information disclosure is May 2016, but to date only 44/432 State-owned enterprises (SOEs) have disclosed information on production and business situation according to Decree 81/2015/ND-CP dated September 18, 2015 of the Prime Minister.
Review and classify public service units
DNUM_BGZBBZCABF 09:49
(Baonghean) - On November 13, the Standing Committee of the Steering Committee for Enterprise Innovation and Development held a meeting on the implementation of State-owned enterprise restructuring in the first 10 months of 2015 and tasks for the last 2 months of 2015.
New regulations on converting state-owned enterprises into joint stock companies
DNUM_BCZBBZCABF 07:25
The Government has just issued a Decree amending and supplementing a number of articles of Decree No. 59/2011/ND-CP dated July 18, 2011 of the Government on converting 100% state-owned enterprises into joint stock companies; including a number of new regulations on determining the value of long-term investment capital of equitized enterprises in other enterprises; initial equity capital structure; and supplementing preferential policies for employees in equitized enterprises.
5 forms of discipline for state-owned enterprise leaders
DNUM_CEZBAZCABF 09:50
Decree No. 97/2015/ND-CP stipulates five forms of discipline for managers of state-owned enterprises, including: reprimand, warning, demotion, dismissal, and forced resignation.
Capital and asset management in state-owned enterprises
DNUM_CBZBAZCABF 11:18
(Baonghean) - Economic Groups and State-owned Corporations (SGCs) play a particularly important role in the Vietnamese economy, as they are the sectors that are facilitated to accumulate and concentrate on a large scale to enhance competitiveness. Implementing the policy of gradually eliminating the system of governing ministries, governing administrative levels and the distinction between central and local enterprises, strengthening the role of state management over enterprises of all economic sectors is a measure to improve the efficiency of the economy.
Prime Minister urges progress in restructuring state-owned enterprises
DNUM_BCZAEZCABF 11:14
The Prime Minister requested ministries, branches and localities to take drastic measures to complete the equitization of 289 enterprises as planned. Strictly handle the responsibilities of business leaders who do not implement or do not implement the results of restructuring, equitization and divestment of state capital.
Prime Minister requests drastic restructuring of state-owned enterprises
DNUM_CDZAIZCABE 18:21
The Prime Minister requested ministries, branches, localities, economic groups, and state-owned corporations to direct the promotion of production and business to achieve and exceed the 2014 plan, while at the same time comprehensively restructuring enterprises, from organizational models, management, production and business sectors, development strategies, investment, human resources, markets, etc.
Replacing business leaders to implement equitization of state-owned enterprises has no results
DNUM_AEZADZCABE 14:00
Ministers, Chairmen of People's Committees of provinces and centrally run cities, Chairmen of Boards of Members of economic groups are responsible to the Prime Minister for the results of restructuring and equitization of SOEs under their responsibility. Resolutely replace and transfer leaders of enterprises that are hesitant, do not seriously implement, or do not effectively implement restructuring and equitization of SOEs and the tasks assigned by the owners in managing and operating enterprises.
Avoid asset loss when equitizing state-owned enterprises
DNUM_CAZACZCABE 09:56
(Baonghean) - At the conference on implementing the task of restructuring state-owned enterprises (SOEs) in the 2014-2015 period recently held in Hanoi, the Prime Minister affirmed that the key task of the Government in the next 2 years is to restructure SOEs and promote equitization.
Business is going bad, who cut the salary of the state-owned enterprise boss?
DNUM_BJZBBZCABD 16:54
- If profits are low, but costs and prices have to bear the high salaries of state-owned enterprise leaders, then those salaries must be reduced - Deputy Chairman of the Economic Committee Nguyen Van Phuc discussed with VietNamNet on the sidelines of the National Assembly meeting on the afternoon of November 18.
Need to remove obstacles to accelerate restructuring of state-owned enterprises
DNUM_AHZAJZCABD 15:47
Currently, most corporations and general companies must carry out equitization when implementing their enterprise restructuring projects. However, when carrying out equitization according to the provisions of Decree No. 59/2011/ND-CP on converting 100% state-owned enterprises into joint stock companies, they encountered some difficulties in the mechanism, leading to the conversion being prolonged and not ensuring the prescribed time.
Bad debt of state-owned enterprises accounts for 11.82% of total bad debt
DNUM_BHZAHZCABD 16:37
However, this bad debt ratio does not include Vinashin's bad debt, which has been restructured according to Decision 780 of the State Bank.
State-owned enterprises must disclose financial information on their websites.
DNUM_BDZAHZCABD 22:38
State-owned enterprises must publicly disclose their financial information on the enterprise's website, in publications, and through popular propaganda methods such as radio, television, and newspapers.
Only 3 state-owned enterprises are proposed to borrow the 30,000 billion VND package
DNUM_BCZAHZCABD 13:36
Speaking to the press on the afternoon of July 11, Chief of Office of the Ministry of Construction Do Duc Duy affirmed that only three state-owned enterprises were proposed to borrow the 30,000 billion VND support package.
Bad debt of state-owned enterprises accounts for 70% of the entire system.
DNUM_ADZBAZCABC 07:07
Bad debt of state-owned enterprises is estimated at about 200 trillion VND; of economic groups and corporations is about 153 trillion VND.
Equitization of 93 State-owned enterprises in 2012 6:08 PM, June 22, 2012
DNUM_CDZAGZCABC 15:50
The Ministry of Finance has just announced a plan to restructure and equitize state-owned enterprises (SOEs) in the 2011-2015 period, according to which 93 enterprises will be equitized in 2012 alone.
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