Among the 183 State-owned enterprises (SOEs) equitised from 2016 to June this year, only 39 are in the Prime Minister-approved list of the 128 SOEs subject to equitisation, equivalent to 30 percent.
The increase in Vietnam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.
Deputy Minister of Finance Huynh Quang Hai has called for continuing to review existing policies to promptly identify difficulties in the equitisation of and divestment from State-owned enterprises (SOEs), stepping up enterprise renovation and raising a sense of responsibility in State management of the field.
A total of 42.3 million State shares sold from January-October fetched nearly 1.04 trillion VND (44.75 million USD), according to the Hanoi Stock Exchange (HNX).
More than 1 trillion VND (43 million USD) was raised through 11 auctions of shares held by State-owned enterprises on the Hanoi Stock Exchange (HNX) in the first 10 months of 2020.
The Ministry of Construction recently approved a plan to divest all State capital at Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).
Deputy Prime Minister Truong Hoa Binh chaired a meeting on August 10 to review draft decrees that amend and supplement a number of Government decrees on equitising State-owned enterprises (SOEs) and divesting State capital from businesses.
Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.
Prime Minister Nguyen Xuan Phuc has issued Decision 908/QD-TTg approving the list of State-owned enterprises (SOEs) to implement divestment of State capital in 2020, which comprises 120 enterprises.
The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, announced chairman Pham Van Thanh at Petrolimex’s recent annual general meeting of shareholders.
The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
The Vinacomin – Minerals Holding Corporation (Vimico) is going to auction 2,367,040 shares worth over 23.6 billion VND (about 1 million USD) it holds at the Nghe Tinh Non-ferrous Metal JSC on March 10.
Up to 92 out of the 128 targeted state-owned enterprises (SOEs) must be equitised this year under the 2017-2020 equitisation plan approved by the government.
The Vietnam National Shipping Lines (Vinalines) is divesting entirely from the International Labour and Services Stock Company (Inlaco-HP), according to the State-run corporation.
Prime Minister Nguyen Xuan Phuc recently issued a disciplinary warning against Vu Van Ninh, Deputy PM in the 2011 – 2016 tenure, for his serious violations and shortcomings while performing duties.
Since 2016, the equitisation and divestment have been carried out at 35 out of 127 State-owned enterprises (SOEs), equivalent to 27.5 percent, while 88 out of 405 firms have completed divestment.
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