SOEs, state banks to shoulder restructuring costs

State-owned enterprises (SOEs) and state commercial banks have to make their own efforts to overcome difficulties and cover arising costs during their restructuring process according to the proposal on restructuring SOEs and state commercial banks in 2001-2003, which has just been released by the Ministry of Finance.

However, in the case SOEs and commercial banks fail to cover all restructuring costs, the state will provide partial financial assistance to facilitate the restructuring process, said Pham Dinh Soan, head of the finance ministry’s Corporate Finance Department.

 

Category: Finance