The tax amount collected from state own enterprises (SOEs) reduced 77.37 percent over 2016 to VND15,768 billion (US$694 million) last year and from local SOEs went down nearly 83 percent to VND6,445 billion, reported HCMC Taxation Department.
Leaders of State Capital Investment Corporation (SCIC) has said that the company had withdrawn state capital from 30 of 115 state own enterprises according this year plan, so it had to divest from 85 companies in the rest two months this year.
A thorough audit of all State-owned agricultural businesses will be carried out in 2019 following next year’s concentrated restructuring efforts, so as to identify underperforming firms and other issues facing the sector.
Equitisation of State owned enterprises (SOEs) has progressed well in 2011-2016 period and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard, said an official from the Ministry of Finance.
The Government will reconsider the leadership responsibilities of officials who are yet to fulfill State-owned Enterprises (SOEs) privatisation and divestment, said Deputy Prime Minister Vuong Dinh Hue, Head of the Government Steering Committee on Corporate Renovation and Development.