Vietnamplus

The Government earned 198 trillion (8.49 billion USD) from divestment and equitisation of State-owned enterprises (SOEs) in the past three years.

A NA supervision team had a working session with Government representatives on draft Report and Resolution on the supervision of management and use of State-owned capital and assets at enterprises.

Military-run telecommunications group Viettel was officially renamed Viettel Military Industry and Telecoms Group and recognised as the national defence and security enterprise with 100 percent State-owned capital.

The government has geared up for the divestment of State-owned capital from many large State-owned enterprises (SOEs) this year, according to the Ministry of Finance.

The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its IPO in February 2018.

Vietnam Airlines plans to reduce State ownership to 51 percent of the charter capital in the next three years.

Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.