The Ministry of Finance (MoF)’s experts have stressed the need to remove obstacles in mechanisms and policies to promote the equitisation and divestment of state capital in enterprises.
None of the 19 enterprises that had their equitisation plans approved have managed to reach their target goals during a one year period, a report from the Ministry of Planning and Investment (MPI) showed.
Among the 183 State-owned enterprises (SOEs) equitised from 2016 to June this year, only 39 are in the Prime Minister-approved list of the 128 SOEs subject to equitisation, equivalent to 30 percent.
The Prime Minister has signed a decision approving an equitisation plan designed for the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity (EVN).
Despite numerous efforts of the Government in speeding up the equitisation of State-owned enterprises, some ministries, sectors, localities and economic groups have showed ineffective performance in the work, thus slowing down the progress of the scheme.
Deputy Prime Minister Truong Hoa Binh chaired a meeting on August 10 to review draft decrees that amend and supplement a number of Government decrees on equitising State-owned enterprises (SOEs) and divesting State capital from businesses.
Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.
The equitisation of State-owned businesses from 2016-2019 fell behind schedule, putting heavier pressure on this year, according to the Ministry of Finance.
As issues related to land use rights still hinder State-owned enterprises (SOEs) from executing equitisation on time, the finance ministry has built a draft to amend the current decree regulating land issues.
The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
Prime Minister Nguyen Xuan Phuc asked each State-owned group and corporation to become centre for innovation during a conference in Hanoi on October 16.
Competent authorities should give top priority to stabilising the macro-economy and applying flexible macro-economic policies to cope with disadvantageous developments of the regional and world economies, heard a seminar held by the Central Institute for Economic Management (CIEM) in Hanoi on July 12.
Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the Steering Committee for Business Renovation and Development in Hanoi on July 8 to review equitisation, divestment and restructuring of State-owned enterprises (SOEs) and corporate development in the first half and tasks for the remaining months of this year.
Ho Chi Minh City is exerting every effort to fulfil State-owned enterprise (SOE) equitisation goals during 2019-2020 as regulated in a plan to rearrange and reform SOEs approved by the Prime Minister.
Experts have held that the economy is highly likely to continue the momentum created last year to achieve a breakthrough in 2019, but they also warned that there will be quite a few difficulties.
The revival of the Vietnam National Shipping Lines (Vinalines) along with infrastructure will be a basis to help the country’s maritime giant to continue its ‘sailing’.
The Ministry of Industry and Trade has announced that its Department of Finance and Enterprise Innovation will step up the restructuring and equitisation of State-owned enterprises (SOEs), together with listing them on the stock market.
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has instructed accelerating the equitisation of State-owned enterprises (SOEs) in which the ministry is the representative of the State ownership.
