State units divest 2.87 trillion VND in seven months

As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.
State units divest 2.87 trillion VND in seven months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.

State units divested 2.87 trillion VND (130.4 million USD) in book value and earned 5.632 trillion VND (256 million USD) from selling stocks.

State-owned groups and corporations raked in 424 billion USD from selling stakes in five sensitive areas, including securities, insurance, banking-finance, real estate and investment funds, not to mention 1.959 trillion VND (89 million USD) from other fields.

In July, the State budget revenue was estimated at 102 trillion VND, up 26.6 percent from the previous month. The figure for January-July reached 583.6 trillion VND, up 5.7 percent from the same period of 2015.

The total budget spending hit 107.5 trillion VND, raising the seven-month figure to 662.1 trillion VND, marking a 4.9 percent increase year-on-year.

Also in July, four loan agreements worth 669 million USD were signed with the World Bank (WB).

On a seven-month calculation, 26 loan deals valued at 4.431 billion USD were inked, mostly with the WB, the Asian Development Bank and Japan. Approximately 150 million USD were disbursed.

In the remaining months of this year, the ministry will strengthen inspection on tax payment and customs clearance while asking relevant units to monitor the SoEs restructuring, securities market, pricing and public asset management.-VNA

VNA

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