Business

Up to 4.49 trillion VND collected from divestment in H1

Up to 4.49 trillion VND (over 202 million USD) were collected by businesses during their divestment process carried out in the first six months of 2016.
Up to 4.49 trillion VND collected from divestment in H1 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – Up to 4.49 trillion VND (over 202 million USD) were collected by businesses during their divestment process carried out in the first six months of 2016, the Ministry of Finance announced at a recent conference in Hanoi.

Economic groups and companies withdrew 357 billion VND (over 16 million USD) of their capital and collected 400 billion VND (18 million USD) from five sensitive fields, namely stock, insurance, banking-finance, real estate, and investment fund.

They also divested 945 billion VND (42.5 million USD) and collected over 1.2 trillion VND (54 million USD) from businesses having invested in areas out of the five aforesaid ones.

In January – June, the State Capital Investment Corporation (SCIC) sold over 1 trillion VND (45 million USD) of shares and collected more than 2.8 trillion VND (126 million USD).

As of June 22, 39 State-owned enterprises had their equisation plans approved.

The total book value of the businesses is over 27 trillion VND (1.21 billion USD), including over 21.6 trillion VND (972 billion VND) from the State.

According to the equitisation plans, the chartered capital of these businesses is estimated at over 21 trillion VND (945 million USD), of which the State holds more than 9.8 trillion VND (441 million USD).

It is planned to sold 7.05 trillion VND (317.25 million USD) of shares to strategic investors, 258 billion VND (11.61 million USD) to workers, 1.8 billion VND (81,000 USD) to trade unions, and over 3.8 trillion VND (171 million USD) for initial public offering.

The Ministry of Finance said the restructuring of State-owned enterprises should be sped up to make sure the enterprises will operate in a more efficient manner.-VNA

VNA
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