Posts Tagged ‘ State Owned Firms ’

Big gap remains from Tet, New Year bonus high of $52,300 

December 30, 2011
Big gap remains from Tet, New Year bonus high of $52,300 

Garment workers are among those receiving low Tet, New Year bonuses this year   Vietnam’s highest Tet and calendar New Year bonus for an individual this year as of December 27 was paid by a foreign-invested firm in Ho Chi Minh City at more than US$52,300. The company, which is not named, paid the country’s largest [...]

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Donors ask Vietnam to curb rising corruption 

December 2, 2011
Donors ask Vietnam to curb rising corruption 

A debate session at the unicameral Vietnamese National Assembly. International donors at a Tuesday conference asked the Vietnamese government to enhance efforts to fight corruption, which is getting more severe in the public’s eyes.   A report by Vietnam’s Corruption Prevention Steering Committee at the Hanoi conference said that “corruption has been contained in several fields [...]

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Vietnamese lawmakers discuss cutting preferential treatment for state firms 

November 6, 2011
Vietnamese lawmakers discuss cutting preferential treatment for state firms 

Deputy Mai Thi Anh Tuyet suggests further equitization of state-owned firms, especially those that are making losses National Assembly members and economists are suggesting that Vietnam equitizes large state groups and reduces loan guarantees to state owned firms in an effort to prevent financial resources being squandered on loss making businesses. During the ongoing NA [...]

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China mulls new regulator for state financial sector 

August 3, 2011
China mulls new regulator for state financial sector 

An investor smiles as she walks past screens showing stock information at a brokerage house in Wuhan, Hubei province June 24, 2011. China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s [...]

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Minimum wage increase no cause for cheer 

May 22, 2011
Minimum wage increase no cause for cheer 

State workers repairs electrical grids in downtown Ho Chi Minh City. Many employees of state-owned firms are not interested in the minimum wage increase, saying it fail to match recent price hikes. The Vietnamese government’s recent decision to increase the minimum wage by 14 percent has failed to spark any enthusiasm among workers. Not only [...]

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State-owned firms not pulling their weight: lawmakers

November 15, 2009
State-owned firms not pulling their weight: lawmakers

A worker of Electricity of Vietnam collects fees in HCMC’s District 1. Legislators have slammed the poor performance of several state-run companies despite benefiting from many preferential policies. At the ongoing sixth session of the 12th National Assembly in Hanoi, deputies called for the government to tighten control over these firms, saying they were not [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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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...