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Vietnam state-owned companies invest $6.6 bln overseas

Vietnam state-owned companies invest $6.6 bln overseas

State-owned companies have invested $6.61 billion overseas by the end of last year, with PetroVietnam and Viettel the main investors.

State-owned firms to see profits plunge courtesy of pandemic

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.

State-owned enterprises’ profits decline: report

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

Pandemic further slows privatization of state firms

Pandemic further slows privatization of state firms

The Vietnamese government’s plan to privatize 128 state-owned companies in 2017-2020 has fallen way behind schedule, with only 29 percent of them sold so far.

August 15, 2020 | 05:04 am PT

Seven state companies in HCMC post losses

Seven state companies in HCMC post losses

Seven out of 47 Ho Chi Minh City-based public companies reported losses for the first half of 2020.

August 7, 2020 | 08:45 pm PT

Bad debt threat looms as doubtful debt to state-owned firms doubles

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

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