HCM City focuses on State-owned firm restructuring
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.
HCM City (VNA) – Ho Chi Minh City is exerting every effort to fulfilState-owned enterprise (SOE) equitisation goals during 2019-2020 as regulatedin a plan to rearrange and reform SOEs approved by the Prime Minister.
According to themunicipal People’s Committee, the city has 39 SOEs set to be equitised in the2016-2020 period.
Vice Chairman of thecommittee Le Thanh Liem said that right in 2016, the committee made a plan onthe issue to submit to the municipal Party Committee for approval.
Under the plan, thecity expects to equitise 32 out of 39 SOEs in 2019, while the equitisation ofthe remaining will be conducted next year.
Liem stated that thePeople’s Committee will focus on increasing the efficiency of State managementover local SOEs, and reviewing policies related to SOEs, and state capital andasset management.
To effectively userevenue from equitisation and State divestment for development, the city willimplement measures related to SOE rearrangement and equitisation drasticallyand synchronously, he added.-VNA
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Illustrative image (Source: VNA) 
