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Tag: state firms
Vietnam's SOE privatization meets just 28% of target
In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process.
State-owned firms urged to preserve State capital in pandemic context
In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.
Finance ministry proposes solutions to speed up state firm privatization
Some large state-owned enterprises are facing difficulties in business valuation, mainly due to complicated financial situations.
Lack of autonomy prevents state firms from embarking on innovation
At present, the level of efficiency in SOEs operation still remain modest and disproportionate to the amount of state capital under their disposal.