State units earn VND14 trillion from divestment

Monday, Mar 06, 2017 16:16

The automatic packaging line at Vinamilk’s Viet Nam Dairy Factory No 2 in Binh Duong Province’s My Phuoc 2 Industrial Zone. SCIC has divested VND780 billion from Vinamilk and gained nearly VND11.3 trillion. — VNA/VNS Photo The Anh

State-owned enterprises (SOEs) have contributed VND14.2 trillion (US$621 million) to the coffers through divestment in the first two months of 2017, the finance ministry has said.

Around VND36.3 billion has come from selling stakes in five sensitive areas – securities, insurance, banking and finance, real estate, and investment funds – and another VND2.1 trillion from other fields.

The State Capital Investment Corporation (SCIC) sold stakes worth VND1.2 trillion in 11 companies, earning a total of VND12.1 trillion. Of the estimates, SCIC divested VND780 billion from the Viet Nam Dairy Products JSC (Vinamilk). It gained nearly VND11.3 trillion from the sale of Vinamilk stocks.

Though no SOEs have been equitised in the first two months of this year, those companies listed for equitisation in the 2016-20 period are actively involved in the process.

In 2016, 56 enterprises were approved for equitisation. The total value of these firms was VND34 trillion, of which the State capital was valued at VND24.4 trillion.

As per the equitisation plan, the charter capital of the 56 companies was VND24.37 trillion, of which the State held VND11.9 trillion. The stakes sold to strategic investors were worth VND7 trillion, those sold to workers were worth VND388 billion, and shares sold at public auctions were worth VND4.3 trillion. — VNS

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