A large number of enterprises were active in equitisation in the first three quarters of this year in accordance with guidance from the Ministry of Industry and Trade.
Electricity of Vietnam (EVN) has asked the Prime Minister to issue a special operation mechanism for three Power Generation Corporations (Gencos) before they are equitised.
MobiFone Corporation, the second largest mobile operator in Vietnam, is poised to sell its stakes in two banks as part of its ongoing equitisation plans.
The Debt and Asset Trading Corporation (DATC) will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.
The Vietnam National Shipping Lines (Vinalines) and 28 other companies in the transport sector expect to finish their equitisation process by the end of the year, according to the Transport Ministry.
State-owned economic groups are pushing ahead with the restructuring of their member companies, while surpassing the target of business plans for the first half of the year.
The boom in Vietnam’s mergers and acquisitions (M&A) market is expected to continue in 2015 and onwards as the government pushes the equitisation of State-owned enterprise.
The agriculture and rural development sector would promote restructuring of State-Owned Enterprises (SOEs) and withdrawal of capital from non-core business in the second half of this year.
Deputy Prime Minister Vu Van Ninh has directed the Transport Ministry
to make alterations to a plan to equitise Giao Thong (Transport)
Hospital before seeking the Prime Minister's approval.
The number of equitised State-owned enterprises (SOEs) each year has
been on the rise since 2011, but those in need of equitisation,
including large economic groups and corporations, remain enormous, Nhan
Dan (People) newspaper reported.
A total of 186 State-owned enterprises (SOEs) had been equitised by the
end of May, which means another 246 SOEs should complete the process by
the end of this year in order to meet the set plan, it was announced at a
press conference on June 5.