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Illustrative photo. Internet

The Commission for the Management of State Capital at Enterprises recentlyannounced the enterprise value of a corporation that is the parent company - the Power Generation Corporation 2 (EVENGENCO2).

From 2016 to September 2020, there are 178 enterprises have been approved their equitisation plans by competent authorities with a total enterprise value of VND 443,503 billion, of which the State capital value is VND 207,116 billion.

However, of which there are only 37 equitised enterprises under the plan, reaching 28%. The number of enterprises that still have to equitise according to plan in the remaining threemonths of 2020, is 91 enterprises.

Regarding divestment, in September 2020, the transfer of State capital in five corporation has been completed with total value of the transferred state capital of VND 8,185.6 billion to the State Capital Investment Corporation (SCIC) for divestment under the Prime Minister's decision. Generally, in the first nine months of 2020, VND 899 billion has been divested and 1,845 billion has been collected.

From 2016 to September, total divestment was VND 25,669 billion, collecting VND 172,917 billion. In particular, State capital divestment in 102 units according to the plan approved by the Prime Minister with a value of VND 4,964 billion, collecting VND 9,643 billion.

State capital divestment from non-listed enterprises is VND 3,785 billion, collecting VND110,392 billion. State corporations have divested VND 16,919 billion, collecting VND 52,881 billion.

According to the Department of Corporate Finance, the equitisation and in the first nine months of 2020 is quite slow, so the completion of the equitisation, and divestment plans in the rest of 2020 is difficult, affecting the completion of revenue payment plans from equitisation and divestment from the Enterprise Arrangement and Development Fund to the State budget.

The equitisation and divestment is slow, so the revenue from equitisation and divestment in the first nine months of 2020 only reached VND 823 billion, meanwhile, the fund also has to implement other planned necessary spending.