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State-owned shipbuilder Vinashin almost collapsed under debts amounting to US$4.5 billion. Vietnam’s Prime Minister Nguyen Tan Dung told state-owned companies to submit restructuring plans, stepping up a drive to bolster the economy by raising efficiency and competitiveness. Detailed proposals involving steps such as...

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  A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency...

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Some important state-owned enterprises, including PetroVietnam, will remain owned by the government Some of the losses that state-owned enterprises incurred were due to their attempts to keep prices stable and to rein in inflation, Prime Minister Nguyen Tan Dung said Thursday. He said state utility Electricity of Vietnam,...

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  Vietnam set a schedule for data releases such as bad-debt ratios and Prime Minister Nguyen Tan Dung ordered the publication of a report on state-owned companies’ finances, following calls for more transparency. The State Bank of Vietnam will release banking industry data including the loan ratios and...

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  Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs)...

Tags: Doi Moi, Economist Who Has, Growth Model, In Inefficient State, Of Planning And, Of Planning And Investment, Of The Vietnam, Planning And Investment, State Owned, The Economy, The Government, The State, The Vietnam

State-owned companies have been asked to divest from the financial sector The State Bank of Vietnam has rejected claims that non-bank financial institutions in the country will be eliminated, saying state-owned companies have only been asked to cut back their investment in the sector. There have been some reports that the...

Tags: Central Bank, Financial Companies, State Owned, The Central Bank, The Government

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...

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  Asia Commercial Bank’s assets will probably more than triple by 2015, making it the first non- government lender to overtake one of Vietnam’s four biggest lenders, Chief Executive Ly Xuan Hai said. Assets of Asia Commercial Bank, the nation’s fifth-biggest bank, are expected to climb to VND900...

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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...

Tags: Financial Sasac, Regulatory Commission, State Owned, State Owned Firms, The China, The Country, The Financial, The Financial Sasac, The New, The Plan, The Sources, The Sources Said

  Vietnam’s government grapples with an unprecedented inflationary predicament  Construction workers have lunch on the sidewalks of a street in downtown Ho Chi Minh City As consumer prices continue to rise, globally, fuel and energy have spiked at home....

Tags: Economic Growth, Foreign Currency, Owned Enterprises, Public Works Projects, State Owned, State Owned Enterprises, The Government, The Government Has