The Hanoitimes – In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process. In the 2016 – 2019 period, only 36 out of 128 state-owned enterprises (SOEs) subject to privatization under the instruction of Prime Minister Nguyen Xuan Phuc completed the process, meeting 28% of the plan, according to Dang Quyet Tien, director of the Corporate Finance Department under the Ministry of Finance (MoF). Dang Quyet Tien (standing), director of the Corporate Finance Department under the Ministry of Finance (MoF). Source: MoF. The authority approved privatization schemes for 168 SOEs during the period with total asset value of VND443.05 trillion (US$19.03 billion), of which state capital makes up VND206.69 trillion (US$8.92 billion). In 2019, nine SOEs were supposed to proceed with privatization, but only three in the PM-approved list for privatization completed the process, said Tien at a meeting on December 10. Notably, SOEs subject to privatization in Hanoi and Ho Chi Minh City make up 54% of the total, but have not proceeded as planned, including 13 in Hanoi and 38 in Ho Chi Minh City. According to Tien, the government plans to raise VND60… Read full this story
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