Ministry to step up SOEs restructuring, equitisation in 2019

The Ministry of Industry and Trade has announced that its Department of Finance and Enterprise Innovation will step up the restructuring and equitisation of State-owned enterprises (SOEs), together with listing them on the stock market.

Friday, February 01, 2019 19:52

Ministry to step up SOEs restructuring, equitisation in 2019 ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) – The Ministry of Industry and Tradehas announced that its Department of Finance and Enterprise Innovation willstep up the restructuring and equitisation of State-owned enterprises (SOEs), togetherwith listing them on the stock market.

The ministry will also publicise equitised SOEs which areeligible and yet to register for listing and consider the responsibility oftheir leaders.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said theministry restructured the Electricity of Vietnam (EVN), the Vietnam NationalCoal – Mineral Industries Holding Corporation (Vinacomin) and the Vietnam National ChemicalGroup in 2018, and approved a list of businesses under the Vietnam National Oiland Gas Group (PetroVietnam) subject to equitisation and divestment for the2017-2020 period.

The ministry also directed the EVN and PetroVietnam to successfullyconduct their equitisation and switch Binh Son Refining and Petrochemical(BSR), the PetroVietnam Power Corporation (PVPOWER), the PetroVietnam OilCorporation (PVOIL), the Power Generation Joint Stock Corporation 3 (EVENGENCO3) into joint stock companies.

It is also hastening divestment from the Vietnam Engine andAgricultural Machinery Corporation (VEAM), the Machines and IndustrialEquipment Corporation (MIE), the Vietnam National Petroleum Group (Petrolimex)and the Hanoi Alcohol Beer and Beverage Company (Habeco) as directed by thePrime Minister.

Procedures are being processed to transfer six businesses tothe Commission for the Management of State Capital at Enterprises-VNA

VNA

#Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency #State-owned enterprises #equitisation #divestment #Commission for the Management of State Capital at Enterprises Vietnam

See more

Export hub model opens new pathways for Vietnamese goods in Canada (Photo: VNA)

Model helps boost Vietnamese exports to Canada

15/06/2025 17:11

In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.

Deputy Prime Minister Ho Duc Phoc speaks on Saturday at a seminar held as part of the annual Cashless Day 2025 event in HCM City (Photo: VNA)

Vietnam enhances regulatory framework to promote cashless payments

15/06/2025 15:30

Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.

Supporting industries aim for deeper engagement in global supply chains

15/06/2025 09:46

With a stable political environment, strategic location, and a young, dynamic workforce, Bac Ninh continues to attract strong inflows of foreign direct investment (FDI).

Bappenas Minister Rachmat Pambudy (Photo: antaranews)

Vietnam, Indonesia strengthen partnership in digital sector

15/06/2025 02:38

FPT Corporation's partnership with Bappenas will help create a more connected and digitally advanced Southeast Asia and Asia-Pacific region.

At an Agribank office. The banking sector is at the forefront of unblocking green capital flows. (Photo: VNA)

Green capital encouraged for economic development

14/06/2025 23:11

Vietnam is taking drastic steps to mobilise green capital being a cornerstone in its economic development strategy for the long term, especially in private and agriculture sectors.

The “Ting Ting Day” Festival opens on June 14 in HCM City (Photo: VNA)

Cashless payment festival launched in HCM City

14/06/2025 15:24

As of 2024, Vietnam had recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation. Nearly 87% of Vietnamese adults now have bank accounts.

Vietnam eyes to expand market for processed coffee

14/06/2025 11:40

Vietnam targets increasing the exports of roasted and instant coffee and reach an export turnover to 5-6 billion USD by 2030.

Coffee exports reached a new record of 4.7 billion USD in the first five months of this year (Photo: VNA)

Coffee exports hit record on EU, US demand

14/06/2025 02:17

Vietnam’s coffee export outlook remains optimistic, projecting the full-year export value at 7 billion USD.

People outside a courthouse in District 1, HCM City, during a private bond issuer's trial. (Photo: VNA)

NA endorses proposed debt cap for privately placed bond issuers

14/06/2025 00:16

The National Assembly (NA) Standing Committee has endorsed a proposal that non-public companies issuing bonds via private placement must maintain a debt-to-equity ratio of no more than five, including the value of the bonds to be issued.

Delegates at the event (Photo: Courtesy of the organisers)

Vietnam and GBA Business & Investment Partnership Forum 2025 successful

13/06/2025 21:58

Vietnam and the Guangdong - Hong Kong - Macao Greater Bay Area Business & Investment Partnership Forum was successfully held.

At Noi Bai international airport (Photo: VNA)

No Vietnamese carriers fly through Israeli, Iranian airspace

13/06/2025 18:01

The airline’s flights to Europe are currently operating normally, the representative added.

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

13/06/2025 14:37

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

The daily reference exchange is set at 24,975 VND on June 13. (Photo: VNA)

Reference exchange rate falls 15 VND on June 13

13/06/2025 09:11

The opening-hour exchange rates varied among major commercial banks on June 13 morning.

A housing project in Ha Long city. The construction ministry is advancing a plan to reduce administrative procedures for projects that have already secured 1/500 detailed planning approval. (Photo: xaydung.gov.vn)

Cutting construction procedures to boost business environment

13/06/2025 03:24

Removing the construction permit requirement is more than a procedural update — it could be a game-changer.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

13/06/2025 01:09

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.