The number of State-owned enterprises – with State ownership from 50 percent to 100 percent - had been halved to 3,135 as of January 2013 compared to 5,759 enterprises by 2000, the Saigon Times said, quoting sources from the General Statistics Office’s Industrial Statistics Department.

Compared to 2000, the number of SOEs early this year was equivalent to 54.4 percent. However, revenues of such enterprises earned last year was 6.9 times higher than in 2000 while their total pre-tax profits and budget contribution amounts increased by 9.4 times and 8.1 times respectively.

According to the General Statistics Office, 2,854 out of the 2,893 SOEs that responded to a survey were actually in operation (98.7 percent) and 39 enterprises had stopped operation (1.3 percent).

Besides, among 39 enterprises with suspended operation, enterprises waiting for dissolution and bankruptcy accounted for the highest proportion with 41 percent, those seeking rearrangements over 33 percent and those suspending to business for changing technology over 10 percent. Meanwhile, over 15 percent suspended due to other reasons.

The supply of products and services of State-owned enterprises accounted for a market share of around 32 percent.

Among 2,893 enterprises, there were 1,347 units required to turn shareholding and the rest had to be merged or converted into one member limited liability companies.

According to the survey, the ratio of profit to revenue of equitized enterprises tended to rise, with nearly 40 percent of the enterprises seeing an increase of over 10 percent and 37 percent of these enterprises recording a rise of less than 10 percent.-VNA