Vietnam has equitised 147 state-owned enterprises (SOEs) since 2016, collecting 206.7 trillion VND (~8.8 billion USD) from equitisation and divestment.
2018 is hoped to see a strong wave of equitisation of State-owned enterprises (or SOE). However, the first half of the year is yet to see as strong movement as expected.
Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).
The restructuring and equitisation of State-owned enterprises (SOEs) should focus on quality instead of quantity, and the State’s investments need to be restructured to become more effective, an expert has said.