26 enterprises’ equitisation plans approved in seven months
Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.
Vinamilk is one of the divested enterprises this year (Photo: tapchitaichinh.vn)Hanoi (VNA) - Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.
The Corporate Finance Department under the Ministry of Finance reported that the total real value of these 26 enterprises is 71.88 trillion VND (3.16 billion USD), of which 18.3 trillion VND belongs to the State.
As per the approved plans, the 26 enterprises have a combined charter capital of around 22.63 trillion VND, of which the State holds 11.06 trillion VND, shares worth 6.5 trillion VND will be sold to strategic investors, 156 billion VND to the enterprises’ workers, 16 billion VND to trade unions, and 4.87 trillion VND will be put up for auction.
During the reviewed period, SOEs divested almost 3.7 trillion VND, bringing in around 15.77 trillion VND.
According to the department, the equitisation process of SOEs has yet to meet expectations.
[Equitisation of State-owned enterprises remains sluggish]
To speed up equitisation for the rest of the year, the Ministry of Industry and Trade has to accelerate the sale of State-owned capital in Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) and Saigon Beer-Alcohol-Beverage Corporation (Sabeco), and ensure that it is complete before December 1.-VNA
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