SOEs failed to disclose business information to be punished
The Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015.
The headquarter of the Ministry of Planning and Investment in Hanoi. (Photo: baodautu.vn)
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) has just askedthe Government to handle the state-owned enterprises (SOEs) which failed todisclose their business information in 2017 in line with the Government’sDecree 81/2015/ND-CP issued in September 2015.
Accordingto the ministry’s report, by the end of 2017, only 265 out of 622 SOEs sentreports to publicise their information on MPI’s business information portal. However,most of them sent only five out of nine reports required for publication.
Therest mostly operate in irrigation, agriculture, forestry, and lottery inlocalities. They included the Shipbuilding Industry Corporation (Vinashin), theVietnam Express Corporation (VEC), the Vietnam Northern Food Corporation(Vinafood), the Agriculture and Rural Development Bank (Agribank), andenterprises under the Ministry of Culture, Sports and Tourism.
Besides,many subsidiaries failed to follow the Decree, including one under the VietnamNational Oil and Gas Group (PetroVietnam), two under the Vietnam NationalChemical Group (VinaChem), five under the Vietnam National Coal – MineralIndustries Holding Corporation (VinaComin), and four under the Vietnam RubberGroup (VRG).
As ofDecember 31, 2017, only 20 out of 84 governing bodies disclosed their businessinformation in line with the decree. The rest have yet strictly followed thedecree, in terms of setting up a column to disclose their business information,inspection, monitoring and violation handling.
The MPIproposed the Prime Minister instruct ministries, and the provincial People’sCommittees to promptly complete their reports and send to the ministry; anddeal with responsibility of the leaders of the SOEs which failed to follow thedecree, and publicise the punishments on their own websites and MPI’s businessinformation portal.-VNA
State-owned enterprises (SOE) can apply the book building method at their initial public offering (IPO) from the beginning of 2018, according to a recently issued decree.
The government has geared up for the divestment of State-owned capital from many large State-owned enterprises (SOEs) this year, according to the Ministry of Finance.
Deputy Prime Minister Vuong Dinh Hue has urged ministries, agencies and localities to promptly fulfill assigned tasks regarding equitisation and divestment in State-owned enterprises (SOEs).
The ownership of 21 large State-owned groups and corporations is likely to be transferred from ministries and sectors to the Committee on State capital management at enterprises.
SOEs will make initial public offerings (IPOs) in March, floating 2.5 trillion VND (110 million USD) worth of stakes in the market in the second wave of SOEs IPOs in 2018.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.