The transport ministry plans to complete equitisation of all enterprises where the State does not need to hold 100 percent of the capital in 2015. (Source: tinkinhte.com)
The Ministry of Transport has divested from 110 enterprises so far, collecting nearly 4.4 trillion VND (196 million USD).
The enterprises comprise seven corporations and 103 affiliates and associated companies of these corporations.
During the 2011-15 period, 50 enterprises in the transport sector were restructured, and 137 enterprises were equitised, including large corporations such as Vietnam Airlines, the Airports Corporation of Vietnam and Vietnam National Shipping Lines.
About 98 enterprises have become joint stock companies.
The ministry has also transferred its state capital representation rights in six enterprises – involving 581 billion VND (26 million USD) – to the State Capital Investment Corporation.
The ministry will try to complete the equitisation of all enterprises where the state does not need to hold 100 percent of the capital in 2015.
After 2015, the ministry is likely to have control over four corporations – Vietnam Railways, Vietnam Air Traffic Management Corporation, Northern Vietnam Maritime Safety Corporation and Southern Vietnam Maritime Safety Corporation – and two companies, Vietnam Maritime Communication and Electronics LLC and the Transport Publishing House.-VNA
By the end of September Vietnam had equitised 94 out of 289 State-owned companies, meaning it needed to put 195 more firms up for initial public offerings by the end of the year to meet its goal.
State-owned electronics and IT firm Hanel Co Ltd. has been given permission to sell a 61 percent stake to strategic investors in an equitisation expected within this year.
A total of 109 state-owned enterprises have completed equitisation as of the end of September, said Pham Tuan Anh, Deputy Director of the Enterprises Renovation Department under the Government Office.
The SCIC targets to become a government strategic investor with total assets of 22.5 billion USD by 2020, as heard at a ceremony marking its 10th founding anniversary in Hanoi on October 19.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
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Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
The transport ministry plans to complete equitisation of all enterprises where the State does not need to hold 100 percent of the capital in 2015. (Source: tinkinhte.com)
