Cross-ownership leaves tangled web

Cross-ownership leaves tangled web

The banking system’s problems mentioned above were partly caused by banks’ bending the law by using cross-ownership-Vu Thanh Tu Anh Fulbright Economics Teaching Program director of research
SOEs need to stick to what they do best

SOEs need to stick to what they do best

Vietnam’s state-owned corporations and groups need to pull back from non-core investments by 2015 to assist their restructuring.
Bonus figures catch eyes

Bonus figures catch eyes

Next year’s New Year and Tet bonus figures are being aired.
Power players in state of shock and awe

Power players in state of shock and awe

In a bid to ease severe power shortages, the government has tasked state-owned groups with playing a key role in developing power projects in the coming decade. But, these groups are complaining about a lack of ready cash for power investments.
Tough medicine for pharma firms

Tough medicine for pharma firms

Most listed Vietnamese firms would love to boast of a foreign component to their ownership structure, seeing it as a boost to their prestige.
Steep learning curve to walk in step with the WTO

Steep learning curve to walk in step with the WTO

“Without sufficient clarification and instructions from the Ministry of Finance or State Bank on the issue, the above requirements will be evident barriers against foreign banks trying to establish a joint venture or wholly foreign-owned bank in the coming time?”
Exposure brings state-owned banks under scrutiny

Exposure brings state-owned banks under scrutiny

The State Bank of Vietnam yesterday ordered five major state-owned commercial banks to make comprehensive reports on their business operations during 2008-10. The banks subject to the order are the Bank for Investment and Development of Vietnam (BIDV), Agribank, Mekong Housing Bank, Vietcombank, and Vietinbank.
Competitive playing field to shoot for goals

Competitive playing field to shoot for goals

Vietnam is being urged to create an equal playing field for different economic sectors to improve its competitiveness.

Foreign banks now can open wholly owned subsidiaries

Foreign banks can apply to establish 100 per cent foreign-owned subsidiaries from this week, after the State Bank published its long-awaited guidelines for such establishments.

Conference debates decision to equitise state-run hospitals

The proposed equitisation of some state-owned hospitals came under fire from participants at the National Conference on Pilot Equitisation of State-owned Hospitals held late last week.

SBV prods SOEs to clear bad debts

The State Bank of Vietnam (SBV) has called for the government to tighten regulations on debt repayments by state-owned corporations undergoing equitisation, in order to clear up the bad debt status of several state-owned commercial banks.
Law change sees SOEs braced for radical shake-up

Law change sees SOEs braced for radical shake-up

State-owned enterprises no longer have to rely entirely on the state for capital, in one of several fundamental changes to the State-owned Enterprise Law passed last week by the National Assembly.

SOEs poised to add muscle to fledgling stock market

STATE-owned enterprises could be allowed to list on the country’s stock exchange as early as next month, Ho Chi Minh City authorities have announced. The city’s enterprise reform board last week confirmed a pilot scheme to list a number of the city’s state-owned enterprises (SOEs) would get off the ground by September at the latest.