Vietnam to Set up 20 Economic Groups by 2009
Vietnam is expected to set up some 10 to 20 powerful economic groups by 2009 as the country completes the restructure process of State-owned enterprises (SOEs) under the Enterprise Law, according to the Steering Committee for SOE Reform and Development.
The communist nation now has eight economic groups, which were developed from State-controlled corporations.
Between 50 and 60 State-run corporations, which were set up under the Government’s Decision No. 90, will also operate under the model of holding companies.
After the reform and restructuring process, corporations and economic groups will follow multi-sector, multi-ownership and multi-national models.
Nearly 1,000 wholly State-owned limited companies will belong to economic groups and corporations, 50 per cent of which are in the fields of national security and defense.
VOV, VNA
Vietnamese
