Hanoi (VNA) – Seven State-ownedenterprises (SOEs) had their equitisation plans approved in July, bringing thenumber for the first seven months of this year to 26, according to theCorporate Finance Department under the Finance Ministry.
Thedepartment said the total real value of the 26 enterprises is 71.88 trillionVND (3.16 billion USD), of which over 18.3 trillion VND (808.2 million USD)belongs to the State.
Under the approved equitisation plans, the SOEswill have a combined charter capital of over 22.63 trillion VND (995.72 millionUSD), of which the State will hold more than 11 trillion VND (495 millionUSD).
Meanwhile, around 6.5 trillion VND (286 millionUSD) worth of shares will be sold to strategic investors, 156 billion VND (6.86million USD) to the enterprises’ workers, 16 billion VND (704,000 USD) to tradeunions, and nearly 4.87 trillion VND (214.28 million USD) will be put up for auction.
According to the department, the equitisationprocess of SOEs has yet to meet expectations.
In order to speed up equitisation in theremaining time of the year, the Ministry of Industry and Trade needs toaccelerate the sale of State-owned capital at the Hanoi Beer Alcohol and Beverage JointStock Corporation (Habeco) and the Saigon Beer-Alcohol-Beverage JointStock Corporation (Sabeco) in order to complete by December 1.
During the period, SOEs divested almost 3.7trillion VND (162.5 million USD) of investment from operations outside theircore business and brought in over 15.77 trillion VND (693.88 million USD) inthe process. -VNA
The progress of equitisation of SOEs in the first six months of this year was slower than the same time last year with only 19 SOEs receiving approval for their equitisation plan by mid-June.
The equitisation of State-owned enterprises (SOEs) needs to be made in a substantive and comprehensive manner, and all violations, especially at big loss-making firms, must been strictly handled, an official has said.
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A production line at Habeco (Source: VNA) 
