Transport ministry divests from non-core businesses to equitise
The Ministry of Transport has divested from 110 enterprises so far, collecting nearly 4.4 trillion VND (196 million USD).
The transport ministry plans to complete equitisation of all enterprises where the State does not need to hold 100 percent of the capital in 2015. (Source: tinkinhte.com)The Ministry of Transport has divested from 110 enterprises so far, collecting nearly 4.4 trillion VND (196 million USD).
The enterprises comprise seven corporations and 103 affiliates and associated companies of these corporations.
During the 2011-15 period, 50 enterprises in the transport sector were restructured, and 137 enterprises were equitised, including large corporations such as Vietnam Airlines, the Airports Corporation of Vietnam and Vietnam National Shipping Lines.
About 98 enterprises have become joint stock companies.
The ministry has also transferred its state capital representation rights in six enterprises – involving 581 billion VND (26 million USD) – to the State Capital Investment Corporation.
The ministry will try to complete the equitisation of all enterprises where the state does not need to hold 100 percent of the capital in 2015.
After 2015, the ministry is likely to have control over four corporations – Vietnam Railways, Vietnam Air Traffic Management Corporation, Northern Vietnam Maritime Safety Corporation and Southern Vietnam Maritime Safety Corporation – and two companies, Vietnam Maritime Communication and Electronics LLC and the Transport Publishing House.-VNA
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