Gov't divests from five transport firms
Gov't divests from five transport firms
The Ministry of Transport (MoT) is pushing forward with the restructuring of State-owned enterprises (SOEs), having divested VND2 trillion (US$89.7 million) from five corporations and companies since the beginning of this year.
According to Deputy Minister Nguyen Hong Truong, all State capital was withdrawn from the Civil Engineering Construction Corporation No 6 (Cienco 6), the Transport Engineering Design Inc (Tedi), the Waterway Transport Corporation, and Viet Nam Motors Industry Corporation (Vinamotor), while 23.18 per cent of the charter capital was withdrawn from the Civil Engineering Construction Corporation No 5 (Cienco 5).
The divested capital was then put into the Business Arrangement and Development Support Fund of the State Capital Investment Corporation (SCIC).
The MoT also transferred the management of State capital in the Thang Long Construction Corporation to SCIC and submitted to the Prime Minister for consideration the transfer of State capital management in three corporations, Cienco 5, Cienco 8, the Waterway Construction, and nine companies.
Deputy Minister Truong said the ministry has approved the list of strategic investors for the Airports Corporation of Viet Nam and Vietnam Airlines, while continuing to work on the restructuring of Vinalines, VEC and Cuu Long corporations.
In the fourth quarter, he said, the MoT would accelerate the equitisation of public service delivery units that was given the green light by the PM.
The ministry will report to the PM on the progress of the restructuring of the Viet Nam Ship Building Industry Corporation (SBIC) and create the restructuring plan for Vinalines in the 2016-2020 period.
