Dong Nai focuses on SOE equitisation

tohang

The southern province of Dong Nai is hoping to complete the equitisation of almost all of its State-owned enterprises (SOEs) by the end of 2015.

DONG NAI (Biz Hub) — The southern province of Dong Nai is hoping to complete the equitisation of almost all of its State-owned enterprises (SOEs) by the end of 2015.

Reports by the provincial People's Committee say Dong Nai is now home to 53 SOEs. The province is speeding up the restructuring and equitisation of SOEs in line with a restructuring plan approved by the Prime Minister.

Accordingly, local authorities have urged a number of SOEs to finish their equitisation within the 2014-2015 period. Meanwhile, several enterprises have been also asked to withdraw their capital from non-core businesses.

In order to hasten the equitisation, local authorities have proposed the Government to issue guidelines on recruitment, salary and bonus-awarding practices at SOEs which hold more than 50 percent of chartered capital in Viet Nam. — VNS

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