Posts Tagged ‘ State Companies ’

Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Reports | Comments Off

Vietnam announces plan to restructure economy 

October 29, 2011
Vietnam announces plan to restructure economy 

  Vietnam’s government announced  key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned companies will have to focus only on their main business [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Politics | Comments Off

Rising public debt risky for Vietnam: economist 

October 7, 2011
Rising public debt risky for Vietnam: economist 

Vietnam plans to slash 10 percent, or VND97 trillion (US$4.65 billion), of development investment this year as one of the measures taken by the government to restore economic stability. Vietnam’s public debt is rising too fast and poses a severe risk to the economy, an economist says, suggesting that the total debt might be even [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

Vinashin loan woes may raise borrowing costs for Vietnam's state companies 

December 4, 2010
Vinashin loan woes may raise borrowing costs for Vietnam's state companies 

  Vietnam National Coal-Mineral Industries Group and other state companies in the Southeast Asian nation may have to pay more to borrow as the near-bankrupt national shipbuilder struggles to repay a foreign-currency loan. Vietnam National Coal may have its rating downgraded as a debt restructuring at Vietnam Shipbuilding Industry Group, known as Vinashin, spurs a [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

State firms accused of egregious land mismanagement

July 13, 2009
State firms accused of egregious land mismanagement

A highly-valuable lot on Nguyen Thi Minh Khai Street, Ho Chi Minh City, has been left unused by the state-owned Gia Dinh Textile Company for five years. Land management is so bad that some state-run firms have let public land fall into private hands and many don’t even keep records of what land they own [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in News, Social | Comments Off

Feature

Vietnam, Cuba foreign ministries to bolster ties

By

Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...