Some 3.56 trillion VND of State capital divested from SOEs
About 3.56 trillion VND (156.7 million USD) of State capital has been divested from State-owned enterprises (SOEs) so far this year, the Sai Gon Giai phong (Liberated Saigon) daily reported.
About 3.56 trillion VND (156.7 million USD) of State capital has been divested from SOEs so far this year (Photo: VNA)
Hanoi (VNA) – About 3.56 trillion VND (156.7million USD) of State capital has been divested from State-owned enterprises(SOEs) so far this year, the Sai Gon Giai phong (Liberated Saigon) dailyreported.
As a result, nearly 6.57 trillion VND (289.2million USD) was collected through the divestment in the first 11 months of2016.
Meanwhile, 56 SOEs have had their equitisationplans approved since the beginning of 2016.
They have a total value of more than 34 trillionVND (1.49 billion USD), including 24.39 trillion VND (1.07 billion USD) worthof the State capital.
A plan for SOE restructuring in the 2016-2020period is expected to be approved by the Prime Minister in the near future.
Accordingly, ministries, sectors and SOEs mustincrease transparency and publicise information about their SOE equitisationwhile enhancing examination and supervision of the equitisation process.
With regard to the equitised companies, theMinistry of Finance requested the representatives of the State capital at thosefirms to speed up their listing on the stock market.
It stated that business executives who did notcarry out or carry out equitisation ineffectively will be strictly handled.-VNA
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About 3.56 trillion VND (156.7 million USD) of State capital has been divested from SOEs so far this year (Photo: VNA) 
