Nearly 54 percent of capital in Saigon Beer-Alcohol-Beverage Corporation was sold to Thailand's ThaiBev in the company's equitisation in December 2017 (Photo: dantri.com.vn) Hanoi (VNA) - As the Government isfocusing on accelerating the privatisation and divestment of State-ownedenterprises (SOEs), attracting foreign investment is important to the successof the progress, according to the Committee for Management of State Capital atEnterprises (CMSC).
CMSC and the Ministry of Foreign Affairs haveorganised a conference with heads of Vietnamese missions overseas to discussopportunities and solutions to attract foreign investment in the equitisationof SOEs in Vietnam.
Deputy Minister of Foreign Affairs Bui ThanhSon said that Vietnam is considered a highlight for foreign investment in thecontext of global production shifts, given the country’s success in containingthe COVID-19 pandemic and improved investment climate.
He said that more than 100 multinationalenterprises were planning to shift their production to Vietnam, creatingsignificant opportunities for Vietnam to attract foreign investment and selectquality inflow.
He urged heads of Vietnamese missionsoverseas to study requirements and expectations of foreign investors anddevelop plans to attract their investment to Vietnam.
CMSC Chairman Nguyen Hoang Anh said as theGovernment is pushing the equitisation and divestment of SOEs, attractingforeign investment is essential.
Anh said that CMSC wished toreceive cooperation from heads of Vietnamese missions overseas inattracting foreign investment in the process of SOE equitisation.
In the context of COVID-19 which seriouslyaffected the global economy, including Vietnam, connecting SOEs with foreigninvestors would bring significant opportunities for attractinginvestment and boosting cooperation, he stressed.
According to the Ministry of Finance, the equitisationof SOEs had been much slower than expected. Under the Government’splan,128 SOEs must be equitised in the 2017-2020 period.
However, as of July, only 37 were equitised,meaning that the other 91 must complete the process in the remainder of thisyear to fulfill the Government’s plan./.
CMSC and the Ministry of Foreign Affairs haveorganised a conference with heads of Vietnamese missions overseas to discussopportunities and solutions to attract foreign investment in the equitisationof SOEs in Vietnam.
Deputy Minister of Foreign Affairs Bui ThanhSon said that Vietnam is considered a highlight for foreign investment in thecontext of global production shifts, given the country’s success in containingthe COVID-19 pandemic and improved investment climate.
He said that more than 100 multinationalenterprises were planning to shift their production to Vietnam, creatingsignificant opportunities for Vietnam to attract foreign investment and selectquality inflow.
He urged heads of Vietnamese missionsoverseas to study requirements and expectations of foreign investors anddevelop plans to attract their investment to Vietnam.
CMSC Chairman Nguyen Hoang Anh said as theGovernment is pushing the equitisation and divestment of SOEs, attractingforeign investment is essential.
Anh said that CMSC wished toreceive cooperation from heads of Vietnamese missions overseas inattracting foreign investment in the process of SOE equitisation.
In the context of COVID-19 which seriouslyaffected the global economy, including Vietnam, connecting SOEs with foreigninvestors would bring significant opportunities for attractinginvestment and boosting cooperation, he stressed.
According to the Ministry of Finance, the equitisationof SOEs had been much slower than expected. Under the Government’splan,128 SOEs must be equitised in the 2017-2020 period.
However, as of July, only 37 were equitised,meaning that the other 91 must complete the process in the remainder of thisyear to fulfill the Government’s plan./.
VNA
