Equitisation plans of seven more SOEs receive approval in July
The department said the total real value of the 26 enterprises is VND71.88 trillion (US$3.16 billion), of which over VND18.3 trillion (US$808.2 million) belongs to the State.
Under the approved equitisation plans, the SOEs will have a combined charter capital of over VND22.63 trillion (US$995.72 million), of which the State will hold more than VND11 trillion (US$495 million).
Meanwhile, around VND6.5 trillion (US$286 million) worth of shares will be sold to strategic investors, VND156 billion (US$6.86 million) to the enterprises’ workers, VND16 billion (US$704,000) to trade unions, and nearly VND4.87 trillion (US$214.28 million) will be put up for auction.
According to the department, the equitisation process of SOEs has yet to meet expectations.
In order to speed up equitisation in the remaining time of the year, the Ministry of Industry and Trade needs to accelerate the sale of State-owned capital at the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) and the Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) in order to complete by December 1.
During the period, SOEs pested almost VND3.7 trillion (US$162.5 million) of investment from operations outside their core business and brought in over VND15.77 trillion (US$693.88 million) in the process.
Related News
Proposal to evaluate the performance of state-owned enterprises according to financial indicators
10:31 | 31/03/2022 Import-Export
Equitisation and divestment move slowly
16:29 | 21/01/2022 Finance
Absorbing foreign capital to State-owned enterprise equitisation
12:21 | 13/05/2021 Finance
Review problems to amend regulation on assessment of SOE managers
10:15 | 25/04/2021 Regulations
Latest News
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Six localities should expedite site clearance and public investment
10:36 | 05/05/2024 Finance
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
More News
Banks strengthen information security systems
14:55 | 03/05/2024 Finance
“Opportune environment” for growth of insurance enterprises
10:15 | 03/05/2024 Finance
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Your care
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Six localities should expedite site clearance and public investment
10:36 | 05/05/2024 Finance
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
Banks strengthen information security systems
14:55 | 03/05/2024 Finance