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Vietnam Business » Vietnam Economic News » Near 400 businesses will be restructed in Ho Chi Minh City

Near 400 businesses will be restructed in Ho Chi Minh City

. Ho Chi Minh City has so far restructured 381 state-owned enterprises, including 262 equitised firms and 24 one member limited companies. The city has concentrated on merging and dissolving poor-performing companies and also improving capacity of the city’s state-owned corporations. The city has re-organised existing state-backed groups, aiming to reduce the number of companies but expand their operation scale. After privatisation, most of the companies have gained higher business results.

A survey on 70 equitised firms showed that their revenues grow some 33 per cent annually. They also offer a rise of 24 per cent in income for their staffs. .H.Tra

Vietnam Business And Financial News Network. Source [vibforum.vcci.com.vn]

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