Equitisation of SOEs reaches only 28 percent of the government-approved target for the 2017-2020 period (Photo: VietnamPlus) – Up to 92 out of the 128 targeted state-owned enterprises (SOEs) must be equitised this year under the 2017-2020 equitisation plan approved by the government. In 2019, only nine state-owned enterprises were given the green light from the authorities for their equitisation plans and just three of them were on the list of 128 SOEs subject to equitisation under the 2017-2020 equitisation plan. The progress was still “very slow”, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance (MoF), at a press conference on the local financial and production situation and the restructuring and equitisation of SOEs in Hanoi on December 10. Equitisation just meets only 28 percent of the target Tien said though equitisation and divestment had a positive impact on the development of the stock market, improving the performance of firms, the slow progress was “concerning”. Since 2016, 168 SOEs have had their equitisation plans approved by the government, with a combined value of more than 443.05 trillion VND (some 19.1 billion USD). However, just 36 out of the targeted 168 SOEs have completed their equitisation plans,… Read full this story
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