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Submitted by ctv_en_2 on Wed, 05/10/2006 - 10:00
Vietnam expects to complete the restructuring of State-owned enterprises (SoEs) in accordance with the Enterprise Law by 2009, according to the Committee for Reform & Development of SoEs.

The reform and restructuring of SoEs will ensure sectoral and territorial links, thus helping to establish 10-20 powerful economic groups. Corporation No. 90 will have 50-60 enterprises operating under the parent-subsidiary company model.

 

After the reform and restructuring process, corporations and economic groups will follow multi-sectoral, multi-ownership and multi-national models. Nearly 1,000 wholly State-invested limited companies will belong to economic groups and corporations, 50 percent of which are in the fields of national security and defence.

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