State units divest VND2.87 trillion in seven months
State units divest VND2.87 trillion in seven months
About 43 state-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, the finance ministry said on August 10.
State units divested VND2.87 trillion (US$130.4 million) in book value and earned VND5.6 trillion ($256 million) from the sale of stocks.
State-owned groups and corporations raked in $424 billion from selling stakes in five sensitive areas -- securities, insurance, banking and finance and real estate, besides investment funds -- not to mention VND1.96 trillion ($89 million) from other fields.
In July, the state budget revenue was estimated at VND102 trillion, up 26.6 per cent from the previous month. The figure for the January-July period reached VND583.6 trillion, up 5.7 per cent from the same period of 2015.
The total budget spending hit VND107.5 trillion, raising the seven-month figure to VND662.1 trillion, marking a 4.9 per cent increase year-on-year.
Also in July, four loan agreements worth $669 million were signed with the World Bank (WB).
Twenty-six loan deals valued at $4.43 billion were inked during the seven months, mostly with the WB, the Asian Development Bank and Japan. Approximately $150 million were disbursed.
In the remaining months of this year, the ministry will increase inspection of tax payment and customs clearances, while asking relevant units to monitor the SoEs' restructuring, securities market, pricing and public asset management.
