Business

Transport sector boosts equitisation, divestment in 2016

The Ministry of Transport continues taking measures to accelerate the equitisation and the divestment of all State capital from transport corporations in 2016.
Transport sector boosts equitisation, divestment in 2016 ảnh 1A Vinalines ship (Source: shipspotting)

Hanoi (VNA) - The Ministry of Transport continues taking measures to accelerate the equitisation and the divestment of all State capital from transport corporations in 2016.

The key targeted businesses include the Vietnam National Shipping Lines (Vinalines), the Vietnam Expressway Corporation (VEC), the Shipbuilding Industry Corporation (SBIC), the Cuu Long Corporation for Investment, Development and Project Management of Infrastructure (Cuu Long CIMP).

According to Director of the Ministry’s Enterprise Management Department Vu Anh Minh, the Ministry will undertake measures to complete the equitisation of the above-mentioned corporations, as well as the Nam Thang Long Transport Hospital.

Furthermore, the Ministry aims to equitise the Academy of Aviation, the Thang Long Vocational training School, and the two Transport Hospitals in the central cities of Vinh and Da Nang.

This year, the Ministry also targets to complete the divestment of State capital from eight corporations in other sectors, including the Vietnam Motor Industry Corporation (Vinamotor), the Civil Engineering Construction Corporations (Cienco 5, 6, 8) and the Transport Engineering Design Inc (TEDI).

Additionally, the process of divesting from a number of the Ministry’s seaports, and the affiliates of Vietnam Railways (VNR) will also be stepped up this year.

Minh highlighted the success the sector has made in equitising its enterprises over the past five years, saying that the Ministry will work with other ministries and sectors on the equitisation process of the remaining enterprises.

From 2011-2015, 137 businesses in the transport sector went public, 67 more than the target, according to the Deputy Transport Minister Nguyen Hong Truong.

As of the end of last year, the number of firms having completed IPO (initial public offering) reached 124, including 12 corporations, paying more than 1.7 trillion VND (75.9 million USD) into the fund supporting the rearrangement of State owned enterprises (SOEs) of the State Capital Investment Corporation.

In the 2011-2014 period, the total revenue of the Ministry’s 18 equitised enterprises recorded an increase of 15.28 percent, with their contribution to the state budget up by 51.52 percent, and the average per capital income of their labourers up by 32.28 percent.-VNA

VNA
#Ministry of Transport #equitisation #divestment #transport corporations #IPO #SOEs
Follow VietnamPlus

Related News

Vietnam's IPOs underwhelm this year

Vietnam's IPOs underwhelm this year

Vietnam's initial public offering (IPO) activity has been less than exciting in 2015 and that has been attributed to the lack of blockbuster deals.

See more

Chili peppers are on the list of essential goods in Indonesia (Photo: VNA)

Indonesia reduces imports of strategic food commodities

In 2026, Indonesia is expected to have approximately 12 million tonnes of rice carried over from the previous year, supported by annual production of around 34.7 million tonnes. With projected consumption of 31.1 million tonnes, national rice reserves could reach approximately 16 million tonnes by the end of the year.

Hanoi’s roadmap to implement low-emission zones from July is providing a strong boost to the electric two-wheeler market (Photo: VNA)

Low-emission zone roadmap drives electric two-wheeler boom in Hanoi

From July 1, Hanoi will introduce time-based or area-based restrictions on petrol-powered motorcycles within Ring Road 1, with plans to expand coverage across the entire zone by 2028 and extend to areas within Ring Road 3 by 2030. The policy is expected to reshape travel habits for millions of urban residents.

Delegates at the opening ceremony of the Made in Da Nang Expo 2026 (Photo: VNA)

Nearly 300 firms join Made in Da Nang Expo 2026

Speaking at the opening ceremony, Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong said the exhibition is a large-scale trade promotion event aimed at showcasing products, connecting markets, and helping businesses enhance competitiveness while expanding domestic and export markets.

Green production, standardised value chains key to fruit, vegetable sector growth

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.

Hiep Phuoc Industrial Park in Ho Chi Minh City. (Photo: VNA)

Southern industrial real estate enters strategic growth phase

Key industrial hubs in the south, including Ho Chi Minh City, Dong Nai and Tay Ninh, are transitioning from a period driven largely by supply expansion and rising land prices to a more refined growth model. This new phase is shaped by infrastructure upgrades, supply chain restructuring, product improvement and greater emphasis on operational performance.