Business

SOEs divest 163.4 million USD in 8 months

State-owned enterprises divested more than 3.7 trillion VND (163.4 million USD) in book value from investment in non-core operations during the first 8 months of 2017.
SOEs divest 163.4 million USD in 8 months ảnh 1State-owned enterprises divested more than 3.7 trillion VND (163.4 million USD) in book value from investment in non-core operations during the first 8 months of 2017(Illustrative photo: VNA)
Hanoi (VNA) – State-owned enterprises divestedmore than 3.7 trillion VND (163.4 million USD) in book value from investment innon-core operations during the first 8 months of 2017, according to theMinistry of Finance’s Corporate Finance Department.

They earned over 15.8 trillion VND (695.3 million USD)for the State coffer from sale of their investment.

The State Capital Investment Corporation (SCIC) soldnearly 1.4 trillion VND (61.4 million USD) worth of stakes in 21 SOEs, earningover 12.2 trillion VND (538.5 million USD). The amount included 5.4 percent ofits total shares in Vietnam Dairy Products JSC (Vinamilk) that were sold formore than 11.3 trillion VND (496.6 million USD).

Seven SOEs have had their equitisation plans approved inAugust.

So far, equitisation plans of 33 SOEs have been approvedin the first eight months of this year, with total real state capital in thoseenterprises worth approximately 20.9 trillion VND (918.7 million USD).

The Ministry of Finance recommended the government toassign the Ministry of Industry and Trade to fast-track the divestment of stateownership at top brewers Habeco and Sabeco this year. If divestmentannouncements are not released before September 30, the ownership’s right overthe State capital in the two firms should be transferred to SCIC to ensure thepace of divestment, it proposed.-VNA
VNA
#State-owned enterprises #SOEs #divestment #state ownership #book value #non-core operation #Ministry of Finance #Ministry of Industry and Trade #vietnamplus #Vietnam News Agency
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