SOE scandals unveiled, Vietnam speeding up SOE reformVietNamNet Bridge - The business performance of state-owned enterprises is often unclear because of lax management. At many large companies, problems were discovered only after the firms had incurred losses of trillions of dong. VRG is not the only SOE which has incurred the loss of trillions of dong. In most cases, SOEs’ bad business performances were discovered only after they had incurred trillions of dong in losses. If SOE efficiency can be improved by one percentage point, assets would create additional value of $2.5 billion.

Source: VietNamNet News December 27, 2017 03:00 UTC