Seven State-owned enterprises (SOEs) out of the 44 that had their restructuring plans approved have re-organised their management structure to boost efficiency, according to the Ministry of Finance's statistics.
The SOEs include such major firms as PetroVietnam, Electricity of Vietnam (EVN), Vietnam National Textile and Garment Group (Vinatex), National Tobacco Corporation, Machines and Industrial Equipment Corporation, Vietnam Paper Corporation (Vinapaco) and Vietnam National Chemical Group.
In addition, four had withdrawn from non-core businesses, including EVN, Vinatex, Vinapaco and the Vietnam National Coal – Mineral Industries Group.
The restructuring was in line with the plan on reforming SOEs during the 2011-15 period approved in the Prime Minister's Decision 929/QD-TTg in July last year.
As of June, 66 SOEs had drafted their restructuring plans, 44 of which were approved.
Statistics showed that 42 out of 92 SOEs had investments in non-core businesses, such as securities, insurance, real estate, investment funds and banks, estimated to total 22.405 trillion VND (1.06 billion USD) in investments.
Previously, Deputy Prime Minister Vu Van Ninh asked relevant State organisations to speed up the restructuring of SOEs, with the withdrawal of investment from non-core businesses while ensuring transparency and efficiency.
The restructuring of SOEs aims to improve the performance of the sector, which had been inefficient for many years-VNA
The SOEs include such major firms as PetroVietnam, Electricity of Vietnam (EVN), Vietnam National Textile and Garment Group (Vinatex), National Tobacco Corporation, Machines and Industrial Equipment Corporation, Vietnam Paper Corporation (Vinapaco) and Vietnam National Chemical Group.
In addition, four had withdrawn from non-core businesses, including EVN, Vinatex, Vinapaco and the Vietnam National Coal – Mineral Industries Group.
The restructuring was in line with the plan on reforming SOEs during the 2011-15 period approved in the Prime Minister's Decision 929/QD-TTg in July last year.
As of June, 66 SOEs had drafted their restructuring plans, 44 of which were approved.
Statistics showed that 42 out of 92 SOEs had investments in non-core businesses, such as securities, insurance, real estate, investment funds and banks, estimated to total 22.405 trillion VND (1.06 billion USD) in investments.
Previously, Deputy Prime Minister Vu Van Ninh asked relevant State organisations to speed up the restructuring of SOEs, with the withdrawal of investment from non-core businesses while ensuring transparency and efficiency.
The restructuring of SOEs aims to improve the performance of the sector, which had been inefficient for many years-VNA
