After selling about 78 million shares of the Airports Corporation of Viet Nam (ACV) in its initial public offering last December, the MoT approved a list of strategic investors, share prices, and the first general shareholders meeting of the ACV.. — File Photo

HA NOI (Biz Hub) — The Ministry of Transport (MoT) will divest more than VND6.3 trillion (US$282 million) from 59 non-core enterprises in the second quarter of 2016, said deputy minister Nguyen Ngoc Dong on Tuesday.

Dong said in the first quarter, the MoT divested from nine non-core businesses, earning more than VND2 trillion.

Also in Q1, the ministry held the first shareholders general meetings for the 25 joint stock companies which were converted from State-owned firms under its management.

After selling about 78 million shares of the Airports Corporation of Viet Nam (ACV) in its initial public offering last December, the MoT approved a list of strategic investors, share prices, and the first general shareholders meeting of the ACV.

The ministry was also completing documents for the Viet Nam Expressway Corporation (VEC) plan to raise its charter capital from VND1 trillion to VND72.6 trillion by 2019 and implementing the equitisation of the firm.

Since December 2004, VEC has developed the biggest highway projects in Viet Nam including Cau Gie – Ninh Binh, Noi Bai – Lao Cai and HCM City – Long Thanh – Dau Giay, the Da Nang – Quang Ngai highway and the Ben Luc – Long Thanh highway. It is also preparing for the construction of the Ha Noi – Lang Son highway. — VNS