26 enterprises’ equitisation plans approved in seven months
26 enterprises’ equitisation plans approved in seven months
Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.
The Corporate Finance Department, under the Ministry of Finance, reported that the total real value of these 26 enterprises is VND71.88 trillion (US$3.16 billion), of which VND18.3 trillion belongs to the State.
As per the approved plans, the 26 enterprises have a combined charter capital of around VND22.63 trillion, of which the State holds VND11.06 trillion, shares worth VND6.5 trillion will be sold to strategic investors, VND156 billion to the enterprises’ workers, VND16 billion to trade unions, and VND4.87 trillion will be put up for auction.
During the reviewed period, SOEs divested almost VND3.7 trillion, bringing in around VND15.77 trillion.
According to the department, the equitisation process of SOEs has yet to meet expectations.
To speed up equitisation for the rest of the year, the Ministry of Industry and Trade has to accelerate the sale of State-owned capital in Ha Noi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) and Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco), and ensure that it is complete before December 1.
