December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
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May 3, 2011
Local companies and investors may not be patient enough to stick with the market to overcome its current difficulties, a government advisor says Telecommunications firm SaigonTel plans to terminate its listing on the Ho Chi Minh Stock Exchange in what it says is a move to restructure its business in a gloomy market. “The stock [...]
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October 30, 2009
LookAtVietnam – Vietnam’s present growth model has reached the peak of its potential, said some analysts. They say that economic restructuring is essential to avoid a perverse outcome. A recent article in the influential weekly Tuan Vietnam reports the views of several economic strategists who argue that only radical restructuring can sustain growth and armor [...]
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April 28, 2009
Workers assemble a Pontiac Solstice at the General Motors Wilmington, Delaware plant in 2005. General Motors Corp., working to stave off a June 1 US-backed bankruptcy, stepped up dealer shutdowns and job cuts and offered equity to bondholders under a plan to reduce liabilities by US$44 billion. GM will shrink the number of dealers 42 [...]
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April 27, 2009
Investors leave Bao Viet Securities trading floor in downtown Hanoi last Friday. The stock marketâs recent rallies have come as a boon to both local and foreign institutional investors, who have offloaded shares to restructure their portfolios. On April 14, when the VN-Index reached 347.07 points, or up 47 percent from a four-year low on [...]
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April 9, 2009
The top priority in the marketplace now is to create confidence in the General Motors and its products, said a GM spokeswoman here on Wednesday. The exhibition booth of GMC is crowded with journalists during the media preview of New York International Auto Show in New York April 8, 2009. New York International Auto Show [...]
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March 31, 2009
The government’s plan to cut the GDP growth rate target for 2009 to 5% is being called a positive move. The government will have to restructure its revenue and spending. These are the opinions of economists and National Assembly deputies about this issue. Mr. Le Quoc DungVietNamNet Bridge – The government’s plan to cut the [...]
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March 31, 2009
U.S. President Barack Obama (C) stands next to U.S. Secretary of Treasury Timothy Geithner (L) as he announces that Edward Montgomery (R) will serve as the Director of Recovery for Auto Communities and Workers The US president ordered General Motors and Chrysler to accelerate their survival efforts and brace for possible bankruptcy, saying neither company [...]
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March 16, 2009
The Ministry of Planning and Investment is working with relevant agencies to plan the economyâs restructuring in the context of the global economic slump, newswire VietNamNet reported on Saturday. What will be an overview of the current local economic situation, trends, warnings, and proposals to restructure the economy should be delivered to the government by [...]
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October 11, 2008
VietNamNet Bridge – Too many investments in non-forte business fields and bulky management systems are the two most ‘serious diseases’ of SOEs. Associate Prof Phan Dang Tuat talks about the ‘diseases’. Associate Prof Phan Dang Tuat, Head of the Industrial Strategies and Policies Institute under the Ministry of Industry and TradeFirst of all, I would [...]
Tags: expert, have, or, perish:, restructure, SOEs, to
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