Concerns raised over a new super state agency
Instead of speeding up the equitisation process, Vietnam’s Ministry of Planning and Investment has stirred up controversy with proposal to set up another unit to supervise and manage state capital and assets in state-owned corporations. This super unit will directly manage the capital at 30 state-owned corporations that are working in a broad spectrum of sectors including telecommunications, transportation and industrial, insurances as well as energy and resources. The state equity at those firms by the end of 2015 was USD245.5 billion.
