SOE concept a focus of law discussion (illustration photo) Right after the conclusion of the 14th National Assembly’s eighth session, the Ministry of Planning and Investment (MPI) gathered businesses, state agencies, economists, and lawyers at last week’s workshop to get their comments on the public’s most-noted issues regarding the draft amendments to the Law on Enterprises 2014 and the Law on Investment 2014. Currently, various issues would need to be solved, such as protection of individual shareholders, the stake-holding of state-owned enterprises (SOEs), household businesses, new investment mechanisms and incentives, and SOE acquisitions. “It is urgent for Vietnam to amend the laws due to emergence of new economic models, wide impacts of Industry 4.0, and stiffening competition from regional countries like Thailand, Malaysia, and China which have revised the regulations to attract international backers,” stated MPI Deputy Minister Vu Dai Thang. Fiery issues for SOEs The concept of state-owned enterprises based on state stake-holding was strongly discussed at the NA session, once again tabled at the workshop with a series of comments from state agencies and businesses. Vietnam Posts and Telecommunications Group (VNPT), in which the state holds a 100 per cent stake, will have to equitise by the end… Read full this story
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