92 percent state capital still in businesses

Up to 92 percent of state capital has not been equitized, meaning private sector has attended insignificantly in fields which the state does not need to hold, reported the Steering Committee on Enterprise Reform and Development.

National flag carrier Vietnam Airlines has been equitized (Photo: SGGP)

So far, 96.5 percent of state own enterprises (SOEs) are subject to equitization but equitization value has totaled only 8 percent.

By the first quarter this year, the country has equitized eight state own enterprises and one public service institution.

Besides, the country has announced the value of 108 businesses but yet to approve their equitization projects and has been estimating the value of 108 others.

A business under Vietnam National Coffee Corporation has been dissolved and another's value has been approved for equitization.

About capital withdrawal, the government has sold state capital with book value of VND71.82 billion (US$3.16 million) at 10 enterprises and reclaim VND72.8 billion as of March 25.

By Ngoc Quang – Translated by Hai Mien

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).