Deputy Prime Minister Vu Van Ninh has ordered relevant ministries,sectors and localities take drastic measures to ensure state-ownedenterprise (SOEs) reform in 2015.
He emphasized the need to clarify shortcomings of the privatisation process and determine solutions to the issues.
TheMinistry of Agriculture and Rural Development, the Ministry of Planningand Investment and the State Bank of Vietnam (SBV) issued guidelinesfor Government Decree 118/2014/ND-CP on increasing efficient operationsof agricultural-forest companies and encouraging science-technologyapplication and transference.
The Deputy Prime Minister alsodemanded the equitisation process and state capital divestment beintensified to complete the set restructuring plan with 44 companiesprivatised in the third quarter and an additional 127 businesses in thefourth quarter.
In the third quarter of this year, the Ministryof Finance is set to collaborate with ministries, the SBV, state-ownedgroups and businesses to set up a divestment plan for enterprisesoperating in real estate, securities, insurance and investment funds.
Some 143 SOEs were equitised in 2014, well below the settarget of 200. As many as 432 SOEs were subjected to restructuringefforts in 2014 and 2015.
Vietnam divested approximately 5 trillion VND (over 238 million USD) ofState capital from SOEs, gaining nearly 7 trillion VND (333.33 millionUSD) in total revenue, 45 percent of which came from the real estatesector.-VNA
He emphasized the need to clarify shortcomings of the privatisation process and determine solutions to the issues.
TheMinistry of Agriculture and Rural Development, the Ministry of Planningand Investment and the State Bank of Vietnam (SBV) issued guidelinesfor Government Decree 118/2014/ND-CP on increasing efficient operationsof agricultural-forest companies and encouraging science-technologyapplication and transference.
The Deputy Prime Minister alsodemanded the equitisation process and state capital divestment beintensified to complete the set restructuring plan with 44 companiesprivatised in the third quarter and an additional 127 businesses in thefourth quarter.
In the third quarter of this year, the Ministryof Finance is set to collaborate with ministries, the SBV, state-ownedgroups and businesses to set up a divestment plan for enterprisesoperating in real estate, securities, insurance and investment funds.
Some 143 SOEs were equitised in 2014, well below the settarget of 200. As many as 432 SOEs were subjected to restructuringefforts in 2014 and 2015.
Vietnam divested approximately 5 trillion VND (over 238 million USD) ofState capital from SOEs, gaining nearly 7 trillion VND (333.33 millionUSD) in total revenue, 45 percent of which came from the real estatesector.-VNA
