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A Vietnam National Shipping Lines (Vinalines) cargo ship (Photo: thuonggiaonline.vn) Hanoi (VNA) - Only nine state-owned enterprises (SOEs) were given the green light from the government for their equitisation plans this year, reported the Ministry of Finance (MoF). The progress was still “very slow”, said Dang Quyet Tien, Director of the MoF's Corporate Finance Department, at the ministry’s press conference on the local financial and production situation and the restructuring and equitisation of SOEs in Hanoi on December 10. Tien said though equitisation and divestment had a positive impact on the development of the stock market, improving the performance of firms, the slow progress was “concerning”. Among nine SOEs reported, three were on the list of 128 SOEs required to be equitised by the Prime Minister Nguyen Xuan Phuc in the period from 2016 to 2020. He said since 2016, Vietnam had 168 SOEs approved for equitisation, of which 36 were in the … [Read more...] about Equitisation of SOEs still sees slow progress

Only nine state-owned enterprises (SOEs) were given the green light from government for their equitisation plans this year, reported the Ministry of Finance (MoF). A Vietnam National Shipping Lines (Vinalines) cargo ship. Many SOEs face difficulties and need more time to deal with financial, land and labor problems before equitisation.— Photo thuonggiaonline.vn The progress was still “very slow”, said Dang Quyet Tien, director of Corporate Finance Department, MoF at the ministry’s press conference on the local financial and production situation and the restructuring and equitisation of SOEs yesterday in Ha Noi. Tien said though equitisation and divestment had a positive impact on the development of the stock market, improving the performance of firms, the slow progress was “concerning”. Among nine SOEs reported, three were on the list of 128 SOEs required to be equitised by the Prime Minister Nguyen Xuan Phuc in the period from 2016 to 2020. … [Read more...] about Vietnam’s SOE equitisation progress is “very slow”

Vietnam Economy Equitization remains sluggish: official The Saigon Times Daily Wednesday,  Dec 11, 2019,16:29 (GMT+7) Equitization remains sluggish: officialThe Saigon Times Daily Dang Quyet Tien, director of the Corporate Finance Department at the Ministry of Finance, speaks at a press briefing in Hanoi on December 10 – PHOTO: VNA HCMC – As many as 92 out of 128 State-owned enterprises (SOE) have yet to go public under an equitization plan for the 2017-2020 period, though the deadline at the end of next year is looming, according to an official from the Ministry of Finance at a press briefing in Hanoi on Tuesday. So far this year, only nine SOEs have got the green light from the Government for their privatization plans. Three of them were listed among the 128 SOEs, said Dang Quyet Tien, director of the Corporate Finance Department at the Ministry of Finance. Tien cited a report by the ministry as saying … [Read more...] about Equitization remains sluggish: official

The Building Resilience Drought Southeast Asia dialogue held in Can Tho city on December 10 (Photo: VNA) Can Tho (VNS/VNA) - ASEAN-member countries have vowed to take immediate action to resolve problems caused by worsening drought in Southeast Asia, especially in Vietnam’s Mekong Delta region, which is especially susceptible to global warming. Speaking at a meeting on December 10 in Can Tho, Intani Nur Kusuma, senior officer at the Disaster Management and Humanitarian Assistance Division of the ASEAN Secretariat, said that a declaration on drought would be adopted by leaders at the ASEAN Summit to be held in Vietnam in November next year. ASEAN has worked closely with relevant sectors to help the ASEAN Committee on Disaster Management draft the declaration, she said, adding that drought-related activities need to be integrated into the future action plan of ASEAN. To mitigate the impact, drought risk assessment and early-warning services should be improved … [Read more...] about ASEAN to take immediate steps to combat drought

Illustrative photo (Photo: VNA) Hanoi (VNA) – A seminar co-hosted by Vietnam and Finland in the framework of the United Nations Economic and Social Council (ECOSOC) High-level Political Forum has spotlighted the importance of access to safe water and smooth water supply especially in urban areas.   The July 9 event drew the participation of representatives from the Ministry of Construction’s Technical Infrastructure Agency, Finland’s Poyry company and Aalto University, the World Health Organisation, and many representatives from UN members. The Water Safety Plan (WSP), developed by Finland to reduce risks in water supply, has been piloted in Hai Phong and Da Nang cities, and Dong Nai province. The useful tool for ensuring safe drinking water has been adjusted to suit Vietnamese water plants and the country’s regulations. Many experts described this as a vivid illustration for the sounding public-private partnership with Finland in the research on water … [Read more...] about Vietnam, Finland co-host event on risk management in water supply