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 (156.7 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.

As a result, nearly 6.57 trillion VND (289.2 million USD) was collected through the divestment in the first 11 months of 2016.

Meanwhile, 56 SOEs have had their equitisation plans approved since the beginning of 2016.

They have a total value of more than 34 trillion VND (1.49 billion USD), including 24.39 trillion VND (1.07 billion USD) worth of the State capital.

A plan for SOE restructuring in the 2016-2020 period is expected to be approved by the Prime Minister in the near future.

Accordingly, ministries, sectors and SOEs must increase transparency and publicise information about their SOE equitisation while enhancing examination and supervision of the equitisation process.

With regard to the equitised companies, the Ministry of Finance requested the representatives of the State capital at those firms to speed up their listing on the stock market.

It stated that business executives who did not carry out or carry out equitisation ineffectively will be strictly handled.-VNA