The Ministry of Transport approved the equitisation value of 17 enterprises and equitisation plans for six enterprises during the first nine months of this year, heard a press conference in Hanoi on October 7.

The ministry reported that it also conducted value assessments for 10 domestic waterway management enterprises and the Vietnam Salvage Company.

Additionally, seven subsidiaries of the Vietnam Railway and the Vietnam National Shipping Lines (Vinalines) were given the nod.

A proposal to equitise the Vietnam Expressway Corporation (VEC) in 2016 is currently under consideration, said Deputy Minister Nguyen Hong Truong.

During the reviewed period, as many as 23 enterprises under six corporations withdrew State capital from non-core business activities, raising 357.5 billion VND (17 million USD) for the ministry.

The ministry instructed other corporations, including the Civil Engineering Construction Corporations 1 and 4 (Cienco 1 and 4), Vinacomin Waterway Transport JSC and Transport Engineering Design Inc. (TEDI) to implement their State capital divestment.

It also urged the Southern Waterborne Transport Corporation to transfer its State capital ownership right to the State Capital Investment Company (SCIC).-VNA