Vietnam premier wants to finish privatizing 289 state-run firms by 2015

[AndrewJin]

The boss of their party already had a meeting with Xi Jinping.

So why the pro-privatization faction is still so strong within their party?

There is really nobody to stop Nguyen Tan Dung in their party?

Who cares? A good opportunity for intentional consortiums to make a profit and so does his clan.

 

[ChineseTiger1986]

Who cares? A good opportunity for intentional consortiums to make a profit and so does his clan.

If this privatization process becomes fully successful, then the VCP will soon lose their control on military.

And the color revolution might get very close to their country.

 

[AndrewJin]

Wow a good debate whole morning here bros, that's the spirit!
Avoid abusive labeling of others though, let's continue this sports!

We all know what is a POE, that has been existing since maybe stone age (except during the Soviet model during 1949-1978). You make noodles, sell them to travelers passing by, that's one form of POE. The most important characteristic is that you may make profit, or loose money, that's none of other people's business.

When your village needs to pave a road, wow that's critical (being the only one), no single villager has to right to do so without consent from everyone else. There are two ways, either pool tax money together, or form a village-owned company to run it. That came one form of SOE.

In our village, clearly noodle shops and the trunk road are very different things.

The magic word is "S", the state. So who is the "state" and hence owns the enterprise exactly? This might mean the tribal leaders, emperor himself, royal family, a group of people in control, or "all citizens", depending how the "country" is formed.

Alright, let's say it is owned by "all citizens", do the shareholders have a say on how it is being run? How?

What "all citizens", including you and me, are expecting from SOE if that company's business in within the country i.e. generating revenue from the people i.e ourselves?

There are many forms of market, stock is one of them. How the stock market play a role in SOE?

I am not against private companies but against privatization of our strategic sectors.

 

[mike2000 is back]

The best? Nah. Just people think assume. No reason why Chinese, Japanese or Korean products can't exceed whatever the west makes.

Wo men zhitong dao he..!!!



You understand mandarin, amigo!?

Sorry for intruding your east asian debate, but German products are indeed top class, it's not a matter of people 'assuming'.

 

[Shotgunner51]

I am not against private companies but against privatization of our strategic sectors.

Exactly bro!

The strategic asset i.e. the road in our village, shall never be privatized, that asset belong to all villagers. We use our tax money to hire the village government to serve us, not to make money, and they should back out from all noodle shop business.

Of course, if our village government is opening noodle shop overseas, then they should make money for us (don't forget to send us the profits), wish them success, or else we will find someone more competent to do the job.

An alternative way for the road company, and the overseas-venturing noodle shop, to show us the profits is get listed in our local village stock market, no outsiders allowed to buy/sell the shares, only villagers. The village council (which is under our control) should retain control though, say 35-60% stake and board veto rights. That's one way to keep our wealth also.

 

[AndrewJin]

Exactly bro!

The strategic asset i.e. the road in our village, shall never be privatized, that asset belong to all villagers. Our village government should focus on best use of our tax money, and back out from all noodle shop business.

That's what I mean. More Baidus and Alibabas, but no private railway company and water supply company.

 

[ChineseTiger1986]

That's what I mean. More Baidus and Alibabas, but no private railway company and water supply company.

Yep, those private companies who control over the strategic sectors are the biggest blood suckers.

And they shall all be eliminated.

 

[mike2000 is back]

If ththprivatization process becomes fully successful, then the VCP will soon lose their control on military.

And the color revolution might get very close to their country.

When China started privatising its state owned companies in the 90s, many our analysts/'experts' were saying the same thing about China. But here we are. Good to know you are also an 'expert/analyst' when it comes to Vietnam. Hmmmmm....though I have a feeling if it was a country that was friendly to China like say Thailand, Pakistan etc , you won't be saying the same thing.

 

[ChineseTiger1986]

When China started privatising its state owned companies in the 90s, many our analysts/'experts' were saying the same thing about China. But here we are. Good to know you are also an 'expert/analyst' when it comes to Vietnam. Hmmmmm....though I have a feeling if it was a country that was friendly to China like say Thailand, Pakistan etc , you won't be saying the same thing.

We didn't privatize the majority of our strategic industry.

While this time Nguyen Tan Dung has decided to privatize the majority of their strategic sectors, so this will most likely turn out to be a deadly blow to the foundation of the Vietcong party just like it had done to USSR.

 

[AndrewJin]

We didn't privatize the majority our strategic industry.

While this time Nguyen Tan Dung has decided to privatize the majority of their strategic sectors, so this will most likely turn out to be a deadly blow to the foundation of the Vietcong party just like it had done to USSR.

My mother worked in a state-owned factory which produced simple components. It got bankrupt in 1990s. A lot of these sorts of SOE got bankrupt, but they are not in our key sectors.

 

[mike2000 is back]

Not at all. There is selected state own companies list, where the govt no need to keep this in hands.

True talk, Vietnam will be privatising sectors in which, there is no need for state intervention/control. Those strategic sectors will still remain state controlled. Vietnam has to get rid of those ineffective/inefficient SOE that has been sucking the blood out of the country and who are highly corrupt to the core and are controlled by a few VCP elites who don't give account of how they have been running the country/company to anybody.

It's also for this reason Vietnam has been underperforming economically compared to its peers in SEA and reason it's still the poorest of them all(bar Laos, Cambodia and sanctioned isolated Myanmar). There is no reason Vietnam should be a laggard compared to these countries, giving Vietnamese are very entrepreneurial, disciplined and hardworking. Its only due to the government amd its paat policies the country lags behind. Same with China, some of us might think China has done very very well, but I disagree, looking at what overseas Chinese have achieved, what Chinese influenced countries like Japan, south Korea have achieved , I must say China is still lagging behind big time and hasn't fully exploited its true potential. Thus is also due to government past policies, if not there is no reason China should be lagging sooo much behind its east Asian peers who all got their culture, language, way of life from China. So we have to always put things into perspective.

 

[Shotgunner51]

We didn't privatize the majority our strategic industry.

While this time Nguyen Tan Dung has decided to privatize the majority of their strategic sectors, so this will most likely turn out to be a deadly blow to the foundation of the Vietcong party just like it had done to USSR.

Well said bro!

Even in an industry, we have distinguished various assets based on their nature, monopolistic status, and position in the value chain. Take electricty as an example, grid vs generation (电网分离) is one principle, the state keep the grid, let generation capacities be privatized partly.

Within generation capacities, keep hydro power and nuclear (for the time being), and let wind farms, solar farms, coal/oil/gas-powered etc to be privatized.

 

[AndrewJin]

We didn't privatize the majority our strategic industry.

While this time Nguyen Tan Dung has decided to privatize the majority of their strategic sectors, so this will most likely turn out to be a deadly blow to the foundation of the Vietcong party just like it had done to USSR.

A brutal execution of an independent economy. Well done!

 

[ChineseTiger1986]

My mother worked in a state-owned factory which produced simple components. It got bankrupt in 1990s. A lot of these sorts of SOE got bankrupt, but they are not in our key sectors.

The merge of CSR and CNR is a big domino effect for the future trend of our SOE.

If our strategic SOE got dismantled, then we are done, no more dream about China's rise. So thank to Xi Jinping, we will eventually meet our destiny.

Although Vietnam is extremely anti-China, but I still feel bad for them when I heard this news. And many Vietnamese members are still not aware that a big crisis in their country is up ahead.

 

[AndrewJin]

Well said bro!

Even in an industry, we have distinguished various assets based on their nature, monopolistic status, and position in the value chain. Take electricty as an example, grid vs generation (电网分离) is one principle, the state keep the grid, let generation capacities be privatized partly.

Within generation capacities, keep hydro power and nuclear (for the time being), and let wind farms, solar farms, coal/oil/gas-powered etc to be privatized.

Exactly. General privatization without selection is dangerous.