Some products of Hanoi Beer, Alcohol and Beverage Coporation (Habeco), an SOE set to be equitised in 2017 (Photo: VNA)

Hanoi (VNA) – Only 42 State-owned enterprises (SOEs) and two public service institutions were equitised between January and August this year, according to the Steering Committee for Business Reform and Development.

In the period, nine SOEs were dissolved, one went bankrupt and one was sold.

The steering committee said 48 SOEs have had equitisation plans approved this year. The total value of these firms is roughly 32 trillion VND (1.4 billion USD), 23.28 trillion VND (1.04 billion USD) of which belongs to the State.

Under the approved plans, the SOEs will have a combined charter capital of more than 23 trillion VND (1.03 billion USD), of which the State holds more than 11 trillion VND (493 million USD).

Nearly 7.5 trillion VND (336.1 million USD) of shares will be sold to investors, 342 billion VND to workers, 6.7 billion VND to trade unions, and more than 4.1 trillion VND will be put up for initial public offering.

The Steering Committee for Business Reform and Development is supervising the approved restructuring to speed up SOE equitisation, aiming to make the companies more efficient.-VNA