HA NOI (Biz Hub) — In the first five months of 2013, 16 State-owned enterprises (SOEs) were re-organised, announced speakers at a meeting in Ha Noi on Monday held by the Steering Committee on Corporate Renovation and Development.

Of those 16 businesses, 10 firms were equitised, five were merged and one was newly established.

Last year, 22 SOEs were rearranged under the project, which focuses on the 2011-2015 period.

Deputy Prime Minister Vu Van Ninh, head of the committee, noted during the meeting that the building of mechanisms and policies for re-organising SOEs lagged behind schedule.

He urged those SOEs with re-arrangement plans already approved by the Prime Minister to speed up their work. As of April, the Prime Minister had approved 99 of 101 SOE rearrangement and renovation projects submitted by ministries and branches, localities and businesses, the committee reported at the meeting.

By May 20, the PM adopted 17 out of 21 reform projects submitted by State-owned groups and corporations, including Viet Nam National Textile and Garment Group, Viet Nam National Oil and Gas Group, Viet Nam Electricity Group, Viet Nam Rubber Group and Viet Nam Airlines Corporation, among others. — VNS