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SOEs forbidden from certain investments (19/10)
19/10/2015 - 17 Lượt xem
SOEs have the right to use capital for non-core investments,
including foreign investment, but must strictly adhere to government
regulations, which include not investing in real estate, banking and
finance, or securities.
If SOEs invest in these fields without the Prime Minister’s permission they will be forced to exit from such investments.
Enterprises are responsible for preserving and developing State capital, and any increase or decline must be fully reported.
Under a government policy now in place for many years, SOEs have to divest all capital in sensitive sectors such as banking and finance, securities, and real estate by the end of this year.
If SOEs invest in these fields without the Prime Minister’s permission they will be forced to exit from such investments.
Enterprises are responsible for preserving and developing State capital, and any increase or decline must be fully reported.
Under a government policy now in place for many years, SOEs have to divest all capital in sensitive sectors such as banking and finance, securities, and real estate by the end of this year.
The process, however, is yet to be completed. The total value of divestments as at August stood at VND13.7 trillion ($616.5 million).
Source: VN Economic Times
