Enterprise arrangement and development support fund to be abolished

The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund in an effort to improve the efficiency in using this revenue.

Central bank brings cheer to businesses ahead of festive season with rate cuts The central bank’s decision to lower the interest rates by 0.2-0.5 percentage points on November 19 is a happy augury for businesses.

Petrolimex officials get disciplinary measures for violations A former senior official with the Vietnam National Petroleum Group (Petrolimex) is to be investigated for bad management.

Two former senior officials proposed to be expelled from Party The Communist Party of Việt Nam (CPV) Central Committee’s Inspection Commission has proposed the Politburo and the CPV Central Committee expel two former senior officials from the CPV, the commission announced on Monday.

Politburo warns former deputy PM The decision was made during a Politburo meeting held in Hà Nội, chaired by Party General Secretary, President Nguyễn Phú Trọng. 

Most SOEs operating at a profit: audit Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Việt Nam.

State capital divestment faces pressure

Capital divestment from State-owned enterprises had slowed and was still facing difficulties, said Đặng Quyết Tiến, director of Corporate Finance Department under the Ministry of Finance.

Transport Ministry’s Party committee confirmed to have committed serious violations The Inspection Commission of the Party Central Committee has concluded that the Party committee of the Transport Ministry had seriously violated the principle of centralised democracy and working regulations. 

PV Gas raise dividend to 53 per cent, posting $124m revenue in Q1 PV Gas (GAS) decided to raise its 2018 dividend from 40 per cent to 53 per cent thanks to its spectacular business performance last year.

Ministry of Transport to offload 18 per cent of Viglacera

The Ministry of Transport (MOT) will sell 80.58 million shares of Viglacera Corporation, equivalent to 17.97 per cent of the company’s charter capital, in its upcoming State capital divestment this year.