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State-owned enterprises post 23% profit growth
827 state-owned enterprises saw pre-tax profits surging 23% year-on-year to VND2.4 trillion ($98.23 million) last year.
State-owned companies accumulate $505 mln losses
Vietnam's 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.
Industry leadership incentives proposed for four state-owned giants
The Vietnamese government is considering drafting favorable policies to make four more state-owned companies, in addition to three others proposed earlier, leaders of their respective industries.
March 11, 2021 | 09:50 pm PT
State-owned firms to see profits plunge courtesy of pandemic
Pre-tax profits of 55 state-owned companies are set to decline by more than 45 percent this year due to Covid-19 impacts.
October 13, 2020 | 08:30 pm PT
State-owned enterprises’ profits decline: report
Fifty three state-owned enterprises saw post-tax profits go down 11 percent year-on-year to VND52.2 trillion ($2.3 billion) last year, a Finance Ministry report says.
August 28, 2020 | 12:55 am PT
State construction firm Song Da mired in debts
State-owned Song Da Corp Jsc, builder of hydropower plants and tunnels, is struggling with accumulated debts of VND11.13 trillion ($480 million).
January 6, 2020 | 08:57 pm PT
Bad debt threat looms as doubtful debt to state-owned firms doubles
Doubtful debt to Vietnam’s state-owned companies surged 2.3 times from 2017 to VND16.54 trillion ($712 million) last year, a government report says.
October 21, 2019 | 05:40 pm PT
Shipping firm Vinalines plunges into loss
Vinalines reported a loss of VND633 billion ($27 million) in H1 after failing to sell loss-making ships whose maintenance is expensive.
August 12, 2019 | 11:32 pm PT
PetroVietnam assigned $863 mln profit target
State-owned oil giant PetroVietnam has a profit target of VND20 trillion ($863 million) this year, up 17 percent from last year.
July 14, 2019 | 09:10 pm PT
Vinalines buys back illegally sold stake in central port
State-owned shipping firm Vinalines has bought back its stake in a central port after illegally selling it to a private firm.
May 30, 2019 | 07:54 pm PT
Vietnam advances $97 million to cover state-owned paper mill’s debt
The government has advanced about $97 million to a state-owned company to cover debts related to a failed paper project.
May 22, 2019 | 07:33 pm PT
Vietnam needs privatization breakthrough in 2019: deputy PM
Vietnam needs to make a breakthrough this year in state divesting from enterprises, says Deputy Prime Minister Vuong Dinh Hue.
January 18, 2019 | 11:00 pm PT
No solution in sight for under-evaluation of public land in Vietnam
Some prime plots were not listed among assets of state-owned firms before equitization.
May 29, 2018 | 07:47 pm PT
Vietnamese SOEs losing millions from foreign investment projects
Poor judgment and lack of experience in foreign markets have been blamed for the losses.
May 12, 2018 | 06:00 am PT
Vietnam oil firm sells 5 percent interest at offshore block to Murphy Oil
The value of the deal was not disclosed.
March 16, 2018 | 08:29 pm PT
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