Governance innovation - an important factor for effective restructuring of state-owned enterprises

Governance innovation - an important factor for effective restructuring of state-owned enterprises

Although corporate governance at state-owned enterprises (SOEs) has made remarkable progress, there are still many shortcomings, limitations and challenges.
Arrangement, handling of real estate to be separated from equitization process

Arrangement, handling of real estate to be separated from equitization process

VCN - Although the system of legal documents on equitization and divestment has been amended and supplemented, it has not yet met the requirements of reality. This is also one of the reasons making the equitization of SOEs fail to achieve the target set o
Collecting VND2,180 billion from divestment in 7 months

Collecting VND2,180 billion from divestment in 7 months

According to the assessment, in seven months of 2022, the progress of equitization and divestment is slow.
Ministry of Finance requests expediting equitization, divestment and restructuring of SOEs

Ministry of Finance requests expediting equitization, divestment and restructuring of SOEs

VCN - The Ministry of Finance has issued Official Dispatch 6388/BTC-TCDN dated July 4 accelerating the equitization, divestment and restructuring of SOEs.
Equitization and divestment of State capital not yet drastically performed

Equitization and divestment of State capital not yet drastically performed

VCN - Regarding divestment, in the first half of 2022, corporations, corporation groups and SOEs divested capital from enterprises with a value of VND382 billion, earning VND2.180 billion.
Finance sector achieves VND941.3 trillion in revenue collection

Finance sector achieves VND941.3 trillion in revenue collection

The Ministry of Finance held an online conference to preliminary review tasks of the finance-state budget in the first six months of 2022 and setting out tasks for the last six months of 2022
Equitization is still very slow: Minister Ho Duc Phoc

Equitization is still very slow: Minister Ho Duc Phoc

VCN - Speaking at the Conference "Solutions to promote the equitization of enterprises, public service delivery units and divestment of state capital in enterprises" jointly held by Finance Magazine and the Department of Corporate Finance (Ministry of Fin
Revenues from equitization, divestment – Why it is difficult?

Revenues from equitization, divestment – Why it is difficult?

In 2021, the target of revenue collection from equitization and divestment to the State budget has not been achieved as expected due to many subjective and objective reasons.
Completing the legal framework to develop and improve the efficiency of state-owned enterprises

Completing the legal framework to develop and improve the efficiency of state-owned enterprises

It is necessary to correct amendments and supplements to further improve the legal framework to ensure the development and improve the operational efficiency of SOEs.
Plan of budget collection from equitization and divestment for 2022

Plan of budget collection from equitization and divestment for 2022

VCN - The Covid-19 pandemic in many provinces and cities has hampered equitization and divestment in 2021. This may lead to failure in target of revenue from equitization and divestment in 2021. A plan with a series of solutions has been designed to maxim
Concentrate on equitization and divestment in enterprises with large capital scale

Concentrate on equitization and divestment in enterprises with large capital scale

The work of equitization, divestment, and restructuring of SOEs since the beginning of the year has not achieved many specific results.
Enterprises hesitate to list after equitization

Enterprises hesitate to list after equitization

VCN- According to the Ministry of Finance, since March 1, 2020, there were 862 equitized SOEs listed/registered for trading on two stock exchanges (listed enterprises are 322 enterprises, enterprises registered for trading are 540).
Equitisation and divestment accelerated

Equitisation and divestment accelerated

VCN- The legal framework for equitisation and divestment has been built , the progress is expected to be accelerated in the near future.
Land use plan on upon equitisation

Land use plan on upon equitisation

VCN- Within three months after receiving the request from the owner's representative, the People's Committee of the provinces or centrally-run cities where the land area is managed and used by the enterprise must give written answers on the land use plan
Group benefits in equitization, divestment, restructuring of SOEs strictly forbidden

Group benefits in equitization, divestment, restructuring of SOEs strictly forbidden

VCN – The Government has recently issued Resolution 161/NQ-CP on speeding up reform and improving efficiency of State-owned enterprises (SOEs).
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