Nineteen State-owned enterprises (SOEs) operating in Ho Chi Minh City have committed to completing equitisation in 2015.
Thisis expected to help the city achieve its target of equitising 31 SOEsin accordance with the Government’s plan in the 2013-2015 period.
Accordingly,these enterprises must propose the municipal People’s Committee toapprove decisions on enterprises’ asset value announcement,equitisation plans, organisation of initial public offerings (IPOs),and first-time shareholders’ meetings.
Vice Chairman of themunicipal People’s Committee Le Manh Ha said these enterprises shouldstrictly implement their commitments because this year is the deadlinefor the work.
Ha stressed the need to retain the trade name oftheir enterprises in the equitising process, saying that this isimportant to increase their production and business efficiency.
The local authorities will focus on simplifying administrativeprocedures so as to create favourable conditions for the enterprises toaccelerate the equitisation.
According to the municipalPeople’s Committee, the city has converted 11 SOEs into shareholdingcompanies by the end of 2014 .
The equitisation helped create anew investment climate, attract social investments and form moremulti-sector companies, encouraging investors to apply new governancemethods and technologies for their business development.-VNA