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SoEs sells stakes for over 186 million USD in 5 months

VNA Print

The State Capital Investment Corporation (SCIC) offloads its shares to earn over 2.8 trillion VND from a total book value of 985 billion VND in the first five months. (Photo: VNA) 

Hanoi (VNA) – State-owned enterprises sold shares worth more than 2.08 trillion VND (93.2 million USD) in book value for 4.17 trillion VND (186.3 million USD) in the first five months of 2016, said the Ministry of Finance on June 6.

Some 37 state-owned firms received approvals for their equitisation plans, including Machines and Industrial Equipment Corporation, Vietnam Engine and Agricultural Machinery Corporation, Vietnam National Construction Consultants Corporation, Corporation 36, Vietnam Forest Corporation, and Vietnam General Corporation of Agricultural Materials.

The State Capital Investment Corporation (SCIC) also offloaded its shares in a number of companies during the period, earning over 2.8 trillion VND (125.9 million USD) from a total book value of 985 billion VND (44 million USD).

By May 20, e-tax payment services were provided in all 63 cities and provinces across the country. More than 535,000 businesses, or 99.59 percent of the total number, have filed tax returns online while more than 492,000, or 91.58 percent, have registered to pay taxes online.

According to the ministry, total budget revenue during the first five months reached 396.2 trillion VND (17.7 billion USD), equaling 39.1 percent of this year’s target and representing an increase of 4.5 percent over last year.

Budget spending was 466.3 trillion VND (20.8 billion USD), equivalent to 36.6 percent of the yearly estimate and a year on year expansion of 4.7 percent.

Overspending stood at around 70 trillion VND (3.1 billion USD), accounting for 27.6 percent of the estimated total.-VNA
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