Vietnam’s state enterprise sector is not making money despite huge debt pileup
A recent government report has again shed light on the vulnerable situation of Vietnam’s state-owned enterprises, whose revenues rise slowly but debts pile up quickly.
The combined revenues of 781 businesses owned wholly or partly by the government grew only 1 percent last year to VND1,709 trillion (US$74.63 billion), local media reported, citing the government report prepared for the National Assembly.
