Voters urge completing legal framework for SOE equitisation
Voters urge building of complete legal framework for SOE equitisation
The discussion at the National Assembly on the equitisation of State-owned enterprises during 2011-2016 attracted great interest of voters nationwide, with many urging more efforts to improve legal framework for the work.
At the 5th session of the 14th National Assembly (Photo: VNA)
Hanoi (VNA) – The discussion at the National Assembly on theequitisation of State-owned enterprises (SOEs) during 2011-2016 attracted greatinterest of voters nationwide, with many urging more efforts to improve legalframework for the work.
Lawyer Pham Ngoc Luong, standing chairman of the business association ofLao Cai province, said incomplete laws and policies, especially inconsistency amongministries’ circulars guiding the implementation of laws, caused manydifficulties in carrying out SOE equitisation, resulting in delay, losses andwastefulness, along with inadequate attention to labourers’ interest.
Therefore, it is necessary to push ahead with building a complete legalframework, particularly regulations on the role of the Party andsocio-political organisations in the equitisation process, to ensuretransparency and the involvement of all stakeholders in the process, he said.
Lecturer Do Thi Thuy, Vice Dean of the Economics-Technology Departmentat Hoa Lu University in Ninh Binhprovince, shared the view, adding that the Ministry of Finance should quicklyissue guidance on foreign investors’ contribution of capital and purchase of sharesin Vietnamese enterprises.
She also emphasized the need to complete the system of institutions forthe market economy, thus ensuring equal and transparent competition amongenterprises of different types of ownership.
Dinh Gia Nghia, Deputy Director General of the Dong Giao food exportjoint stock company in Ninh Binh, was of the opinion that during equitisationof SOEs, at least 65 percent of the State-owned stake should be put on sale inorder to allow investors to have a voice in running the enterprises.
According to Bui Quang Tin, executive director of the BizLight businessschool in Ho Chi Minh City, persuading foreign investors to become strategic investorsof equitised SOEs is one of the solutions to improve the equitisation processand the quality of corporate governance after equitisation.
The implementation of policies and laws on the management and use ofState capital and asset in enterprises and the equitisation of State-ownedenterprises during 2011-2016 was the focus of discussion at the NationalAssembly on May 28 as part of the 14th legislature’s fifth session.
The discussion was broadcast live on national television and radio.-VNA
The Central Institute for Economic Management released a report on October 30 on the actuality of strategic shareholders’ involvement in SoEs equitisation process.
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.
Deputy Prime Minister Vuong Dinh Hue called for speeding up the equitisation of State-owned enterprises (SOEs) at a recent meeting of the Steering Committee for Business Renovation and Development.
A NA supervision team had a working session with Government representatives on draft Report and Resolution on the supervision of management and use of State-owned capital and assets at enterprises.
The operation efficiency of State-owned enterprises (SOEs) during 2011-2016 had yet to match the resources they were holding, according to a report delivered to the National Assembly on May 28.
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Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
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Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
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The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
At the 5th session of the 14th National Assembly (Photo: VNA) 
