Business

State-owned enterprises equitisation remains slow

The restructuring of State-owned enterprises (SOEs) in the first nine months of this year failed to meet the set target, with 49 SOEs having their equitisation plans approved in the period.
State-owned enterprises equitisation remains slow ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The restructuring of State-owned enterprises (SOEs) in the first nine months of this year failed to meet the set target, with 49 SOEs having their equitisation plans approved in the period, said the Ministry of Finance.

Among those were large enterprises like the Vietnam Engine and Agricultural Machinery Corporation, the Machine and Industrial Equipment Corporation and the Vietnam National Construction Consultants Corporation.

The total real value of these 49 businesses is over nearly 32 trillion VND (around 1.44 billion USD), including nearly 23.2 trillion VND (1.04 billion VND) of State capital.

According to the approved equitisation plans, their combined chartered capital is estimated at over 23 trillion VND (over 1.03 billion USD), of which the State holds about 11.1 trillion VND (499.5 million USD).

In the last three quarters, economic groups and corporations divested 3.2 trillion VND (144 million USD) from five sensitive fields.

In the coming time, the Business Finance Department under the Ministry of Finance (MoF) will continue withdrawing capital that businesses have invested in non-core areas.

Efforts will be intensified to quicken the restructuring, improve the quality of administration in SOEs and their operation efficiency.

Attention will also be paid to improving the efficiency of management and supervision of SOEs, ensuring transparency on their activities, and enhancing inspection and management of State-owned economic groups and corporations.

According to the MoF’s reports, State budget collection reached 718.3 trillion VND (over 32.3 billion USD) in the last three quarters, equivalent to 70.8 percent of the yearly target and up 5.2 percent year on year.

Meanwhile, budget spending was 870.5 trillion VND (around 39.1 billion USD), equal to 68.4 percent of estimates and up 5.7 percent from the same period last year.

The disbursement of basic construction investment reached 54.5 percent of the plan while that of Government bonds 38.8 percent.

During the period, tax agencies inspected over 48,500 businesses, collecting 8.3 trillion VND (373.5 million USD) in fines, while customs agencies made over 5,100 inspections after customs clearance, collecting 1.5 trillion VND (67.5 million USD) for the State budget.-VNA

VNA
#SOEs #restructuring #equitisation plans #State budget collection #budget spending
Follow VietnamPlus

Related News

Deputy PM urges HCM City to equitise SOEs

Deputy PM urges HCM City to equitise SOEs

Deputy Prime Minister Vuong Dinh Hue has urged HCM City to accelerate the equitisation of State-owned enterprises (SOEs) to ensure that an SOE plan approved by the Prime Minister is completed by 2018.
State owned enterprises need reforms: official

State owned enterprises need reforms: official

Dang Quyet Tien, an official of the Ministry of Finance, spoke to the newspaper Kinh te & Do thi on the importance of having a correct understanding about the equitisation process of SOEs.
Hanoi to divest from 96 SOEs

Hanoi to divest from 96 SOEs

The Hanoi People’s Committee will divest from 96 State-owned enterprises (SOEs) located in the city from 2016-20, according to a city government decision.

See more

More than 4.1 million air passengers are forecast during the peak travel period of the Lunar New Year 2026. (Photo: VNA)

19 additional aircraft to be deployed to serve Lunar New Year peak period

During the pre-Tet peak, several routes from Ho Chi Minh City to destinations such as Hue, Thanh Hoa, Vinh, Pleiku, Tuy Hoa, Quy Nhon, Chu Lai and Dong Hoi have recorded booking rates above 90%, with some reaching 100%. In contrast, return flights from localities to Ho Chi Minh City remain low, with many flights reporting booking rates below 35% and several operating as ferry flights to return aircraft.

Shoppers at the first Glorious Spring Fair (Photo: VNA)

Spring Fair 2026: Opportunities for businesses to expand connections

Many businesses are doing more than presenting product functions; they are also telling the story of their raw-material regions, production processes, and social and environmental responsibility. This reflects a clear transition: companies are no longer competing solely on price, but increasingly on perceived value and consumer trust.

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.

Vietnamese fruits introduced to German consumers (Photo: VNA)

“Vietnamese Goods Day” promotes agricultural products in Germany

Vietnamese Ambassador to Germany Nguyen Dac Thanh said the event, held close to Vietnam’s Lunar New Year, helped promote Vietnamese tropical fruits while introducing Vietnamese cultural values to German consumers, and creating opportunities for Vietnamese businesses to connect directly with German importers.

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.