NA report shows SOEs debts in the quadrillionsThe report of the supervision board of state-owned enterprises (SOEs) shows that the public sector owed VND1.6 quadrillion (nearly $73 billion) between 2011 and 2016. According to the report, the efficiency of SOEs is low compared to private and foreign-invested enterprises. Total assets and capital increased, but revenue and pre-tax profit rose very slowly (by around 3 per cent annually). According to the report, 571 SOEs have been equitised in the last six years. The ratio of state capital held in joint stock companies is still high.