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.

Source: VietNamNet News May 29, 2018 07:07 UTC