More centrally-run State-owned corporations will go equitisation thisyear, according to the party committee of the group of centrally-runState-owned corporations.
At a meeting on April25, the committee said in 2015 it will push the equitisation of 52member enterprises of centrally-run State-owned corporations and sixholding companies – the Vietnam National Shipping Lines, theShipbuilding Industry Corporation, the Song Da Corporation, the Housingand Urban Development Corporation, the Vietnam Cement IndustryCorporation, and the Southern Food Corporation.
The corporations will also have to withdraw all their investment from549 enterprises, part of their capital at 42 enterprises and merge their45 enterprises within this year.
Thecentrally-run State-owned corporations group has 33 members, whichtogether hold over one million billion VND (approximately 46 billionUSD) of State capital. Among them, 28 are to undergo equitisation.
As of December 31, 2014, five corporations completed equitisation,which are the Bao Viet Holdings, Vietnam National Petroleum Group,Vietnam Steel Corporation, Vietnam National Textile and Garment Groupand the Vietnam Airlines Corporation.
Meanwhile, 42 out of 94 member enterprises subject to equitisation also finished the work.
Centrally-run State-owned corporations withdrew all of their capitalfrom 235 out of 784 enterprises and part of their investment at 13 outof 55 enterprises under Government instructions to divest investmentfrom non-core business operations.
Alongsidewith their re-arrangement, the corporations continued to carry out theirproduction and business plans, with 90 percent of them reporting profitlast year, contributing 276 trillion VND, or 32.4 percent, to the Statebudget and ensuring stable jobs for more than one million employees.-VNA
At a meeting on April25, the committee said in 2015 it will push the equitisation of 52member enterprises of centrally-run State-owned corporations and sixholding companies – the Vietnam National Shipping Lines, theShipbuilding Industry Corporation, the Song Da Corporation, the Housingand Urban Development Corporation, the Vietnam Cement IndustryCorporation, and the Southern Food Corporation.
The corporations will also have to withdraw all their investment from549 enterprises, part of their capital at 42 enterprises and merge their45 enterprises within this year.
Thecentrally-run State-owned corporations group has 33 members, whichtogether hold over one million billion VND (approximately 46 billionUSD) of State capital. Among them, 28 are to undergo equitisation.
As of December 31, 2014, five corporations completed equitisation,which are the Bao Viet Holdings, Vietnam National Petroleum Group,Vietnam Steel Corporation, Vietnam National Textile and Garment Groupand the Vietnam Airlines Corporation.
Meanwhile, 42 out of 94 member enterprises subject to equitisation also finished the work.
Centrally-run State-owned corporations withdrew all of their capitalfrom 235 out of 784 enterprises and part of their investment at 13 outof 55 enterprises under Government instructions to divest investmentfrom non-core business operations.
Alongsidewith their re-arrangement, the corporations continued to carry out theirproduction and business plans, with 90 percent of them reporting profitlast year, contributing 276 trillion VND, or 32.4 percent, to the Statebudget and ensuring stable jobs for more than one million employees.-VNA
