Deputy Prime Minister Vuong Dinh Hue at the meeting (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong DinhHue has stated that no group interests have been found in the equitisation anddivestment of State-owned enterprises (SOEs) following inspections.
During a meeting of the Steering Committee for EnterpriseInnovation and Development in Hanoi on January 18 to review its 2018 work andlaunch its 2019 tasks, Deputy PM Hue, who is also head of the committee, said theequitisation and divestment of SOEs remain slow.
According to a plan approved by the Prime Minister, as manyas 85 SOEs were expected to be equitised in 2018, and several ministries,agencies, and localities – including Hanoi and Ho Chi Minh City – must takesteps to adjust their equitisation progress. However, only 32 SOEs have so farcompleted equitisation; while only 17 out of the 135 SOEs were divested in 2017and 52 out of the 181 in 2018.
The issuance of documents guiding equitisation remains slow,while the relevant ministries, departments, and localities are meetingdifficulties during the process in accordance with new regulations.
Deputy PM Hue said a number of legal documents, mechanisms,and policies were issued, amended, and supplemented during the 2016-2018 period.
He addedthat over the past three years, no major fraud or legal violation has beenfound in the field, however the issue is both complicated and sensitive.
Highlightingthe 2019 orientation goals of making stronger changes in direction, tighteningdiscipline, ensuring openness and transparency, maximising national interests, andfighting negative behaviors and interest groups, Hue requested the serioushandling of violations and that responsibilities of heads and relevant agenciesare considered during the process.
Thecommittee reported that revenue from initial public offerings surpassed 24trillion VND (1.04 billion USD) in 2018, marking 4.67-fold and 1.4-foldincreases from those in 2017 and 2016, respectively.
From 2016-2018,a total of 156 SOEs nationwide were equitised, up 34 percent from 2011-2015with a combined value of 204.8 trillion VND. The total revenue fromequitisation and divestment since 2016 has so far reached more than 210.3trillion VND, or 2.69 times higher than that during 2011-2015.
Among the 12slow and inefficient projects under the Ministry of Industry and Trade, two outof the six loss-making plants were turned round to reach profitability.
Of the threesustained projects, the Dinh Vu polyester fibre plant has resumed theoperations of three filament fibre lines, while Quang Ngai and Binh Phuoc biofuelplants are ready to be put into commercial operation in suitable time. –VNA
During a meeting of the Steering Committee for EnterpriseInnovation and Development in Hanoi on January 18 to review its 2018 work andlaunch its 2019 tasks, Deputy PM Hue, who is also head of the committee, said theequitisation and divestment of SOEs remain slow.
According to a plan approved by the Prime Minister, as manyas 85 SOEs were expected to be equitised in 2018, and several ministries,agencies, and localities – including Hanoi and Ho Chi Minh City – must takesteps to adjust their equitisation progress. However, only 32 SOEs have so farcompleted equitisation; while only 17 out of the 135 SOEs were divested in 2017and 52 out of the 181 in 2018.
The issuance of documents guiding equitisation remains slow,while the relevant ministries, departments, and localities are meetingdifficulties during the process in accordance with new regulations.
Deputy PM Hue said a number of legal documents, mechanisms,and policies were issued, amended, and supplemented during the 2016-2018 period.
He addedthat over the past three years, no major fraud or legal violation has beenfound in the field, however the issue is both complicated and sensitive.
Highlightingthe 2019 orientation goals of making stronger changes in direction, tighteningdiscipline, ensuring openness and transparency, maximising national interests, andfighting negative behaviors and interest groups, Hue requested the serioushandling of violations and that responsibilities of heads and relevant agenciesare considered during the process.
Thecommittee reported that revenue from initial public offerings surpassed 24trillion VND (1.04 billion USD) in 2018, marking 4.67-fold and 1.4-foldincreases from those in 2017 and 2016, respectively.
From 2016-2018,a total of 156 SOEs nationwide were equitised, up 34 percent from 2011-2015with a combined value of 204.8 trillion VND. The total revenue fromequitisation and divestment since 2016 has so far reached more than 210.3trillion VND, or 2.69 times higher than that during 2011-2015.
Among the 12slow and inefficient projects under the Ministry of Industry and Trade, two outof the six loss-making plants were turned round to reach profitability.
Of the threesustained projects, the Dinh Vu polyester fibre plant has resumed theoperations of three filament fibre lines, while Quang Ngai and Binh Phuoc biofuelplants are ready to be put into commercial operation in suitable time. –VNA
VNA
