Private corporations flock to purchase shares of SOEs
The wave of equitization of state-owned enterprises (SOEs) is creating opportunities for several private corporations to control SOEs and gain additional benefits for their value chain.
The wave of equitization of state-owned enterprises (SOEs) is creating opportunities for several private corporations to control SOEs and gain additional benefits for their value chain.
According to Prof. Tran Van Tho, a member of the Prime Minister's Economic Advisory Group, over the past ten years, state-owned enterprises (SOEs) have wasted too much, which made the average labor productivity lower.
When it comes to mergers and acquisitions (M&A), investors often prefer to take over 50% of the shares to become controlling shareholder; however, the Japanese oil giant JXTG has not intended to acquire majority stake in Petrolimex.
Looking at Vietnam's macroeconomic indicators over the past seven years, we can see that despite the growth, the national economy still faces many risks related to current account deficits and inflation.
Although firms are sometimes accused of keeping assets on the books at inflate prices, some state-owned-enterprises have done the opposite in recent cases of divestment.
'SOEs reform will be the key in driving the evolution of the Vietnam economy', according to a high-calibre officer of Japan headquartered Sumimoto Mitsui Banking Corporation.
That is the opinion of Nguyen Duy Hung, Chairman of the Board of Directors of Saigon Securities Inc. (SSI) when discussing about capital markets in the Nikkei Asia Review Forum just organized in Vietnam.
Prime Minister Nguyen Xuan Phuc yesterday called on Japanese business to expand their public-private partnerships (PPP) in Viet Nam and urged Japan to take a lead role in executing this form of investment.
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