The southern province of Dong Nai has obtained positive results in equitising its State-owned enterprises (SOEs) after the 3-year implementation of its restructuring plan (2012-2014), resulting in the complete equitisation of six SOEs.

Equitisation is a process in which private investors can buy stocks in formerly State-owned businesses.

In Dong Nai, restructuring of SOEs and their divestment from non-core investment projects have been carried out drastically, making the equitised enterprises more effective, profitable and stable for employees.

In 2014, the equitised enterprises enjoyed stable production and business, earning total revenue of 28.1 trillion VND (nearly 1.3 billion USD), up nearly 1.7 percent against 2013.

According to Vice Chairman of the provincial People’s Committee Tran Minh Phuc, local SOEs have worked hard to accelerate the structuring of their business lines and to better define targeted investment fields.

Ineffective businesses have been dissolved and resources are being concentrated on ones which show more promise.-VNA