Prime Minister Nguyen Tan Dung hasrequested drastic actions to restructure State-owned enterprises (SOEs),with a focus on equitisation and withdrawal of State capital fromnon-core business lines.
As of March 24, 289SOEs on the waiting list of equitisation already established SteeringBoards in charge of the process. Up to 207 of them were evaluating theirassets while 81 others planned to announce their worth.
Nationwide, as much as nearly 7 trillion VND (333 million USD)invested in non-core business lines has been recollected, mostly in themilitary-run telecom Viettel, the Vietnam National Oil and Gas Group,the Vietnam Posts and Telecommunications, the Electricity of Vietnam,the State Capital and Investment Corporation.
In January-March, 18 SOEs auctioned 100 million shares and earned 805 billion VND (38.3 million USD).
During a working session with the Steering Board for SOE Renovationand Development in Hanoi on March 26, the Government chief asked forperfecting SOEs restructuring plans and clearing barriers to thereshuffle, which he said, is running slowly.
Restructuring SOEs is a focal political task of the Government,therefore, it requires unanimous consent and concerted efforts by theentire political system, agencies, localities and business community, henoted.
Directing tasks for the coming time, herequested SOEs to constantly overhaul their production and governancewhile going through open and transparent procedures to be listed on thestock market.
Concluding the event, he orderedstepping up supervision of ministries, agencies, localities, and SOEsover the restructuring process.-VNA
As of March 24, 289SOEs on the waiting list of equitisation already established SteeringBoards in charge of the process. Up to 207 of them were evaluating theirassets while 81 others planned to announce their worth.
Nationwide, as much as nearly 7 trillion VND (333 million USD)invested in non-core business lines has been recollected, mostly in themilitary-run telecom Viettel, the Vietnam National Oil and Gas Group,the Vietnam Posts and Telecommunications, the Electricity of Vietnam,the State Capital and Investment Corporation.
In January-March, 18 SOEs auctioned 100 million shares and earned 805 billion VND (38.3 million USD).
During a working session with the Steering Board for SOE Renovationand Development in Hanoi on March 26, the Government chief asked forperfecting SOEs restructuring plans and clearing barriers to thereshuffle, which he said, is running slowly.
Restructuring SOEs is a focal political task of the Government,therefore, it requires unanimous consent and concerted efforts by theentire political system, agencies, localities and business community, henoted.
Directing tasks for the coming time, herequested SOEs to constantly overhaul their production and governancewhile going through open and transparent procedures to be listed on thestock market.
Concluding the event, he orderedstepping up supervision of ministries, agencies, localities, and SOEsover the restructuring process.-VNA
