National Assembly releases results of SOE review

by VTV428 May 2018 Last updated at 08:24 AM

VTV.vn - On Monday morning, the National Assembly discussed the management and use of state capital and assets in businesses and the equitization of state-owned enterprises (SOEs) from 2011 to 2016.

According to a report on the National Assembly's review, Vietnam had 583 SOEs until 2016. Most businesses that had state capital witnessed stable growth.

However, there were still cases of state capital and assets being wasted, misused or lost. SOEs had huge debts that rose by 26% from 2011 to 2016 and reached 70.32 billion USD in 2016. SOEs invested more than 7 billion USD in foreign countries / and 25.5% of these projects experienced losses. It was also found that many SOEs somewhat violated laws and suffered losses.

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