Equitisation of State-owned enterprises remains slow: official
The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.
Illustrative image (Source: VNA)Hanoi (VNA) – The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.
The event was held following the Government’s regular meeting and presided over by Minister-Chairman of the Government Office Mai Tien Dung.
Mai said only two SOEs had their equitisation plans approved with total value of 295 billion VND (12.68 million USD) in the first four months of 2019.
From 2016 to April 2019, 161 SOEs had equitisation plans approved with total value of 442 trillion VND (19.11 billion USD), including 206 trillion VND (8.9 billion USD) of State capital, she added.
The remaining number of SOEs that must be equitised is 97, accounting for 76 percent of the assigned plan.
While explaining about this slow progress, Mai said some ministries, sectors, localities, economic groups and State-owned corporations have yet been active and serious in implementing equitisation, divestment and business restructuring plans.
Problems related to finance, land, and labour have also hindered the process, the Deputy Minister said.
Mai noted that the Prime Minister and the Government have issued a number of resolutions directing ministries, sectors, localities and economic groups to carry out tasks to speed up the equitisation of SOEs.
The Ministry of Finance and the Ministry of Planning and Investment were urged to revise and supplement legal documents, specifically decrees related to the equitisation of SOEs, she said.
Equitised businesses must review their land fund to map out land use plans according to the Land Law, Mai added.-VNA
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Business
Vietnam has opportunities to attract, develop the offshoring market
Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Business
Long An hosts meeting to help RoK businesses solve difficulties
The People’s Committee of the southern province of Long An on April 16 held a dialogue with enterprises from the Republic of Korea (RoK) to help them deal with difficulties and obstacles when doing business in the locality.
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
