HCM City plans to equitize 19 SOEs

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The People's Committee in HCM City plans to equitize 19 State-owned enterprises (SOEs) in 2015, it was announced at a meeting on February 5.

The People's Committee in HCM City plans to equitize 19 State-owned enterprises (SOEs) in 2015.— Photo vietnamnet

HCM CITY (Biz Hub) — The People's Committee in HCM City plans to equitize 19 State-owned enterprises (SOEs) in 2015, it was announced at a meeting on February 5.

Speaking at the meeting, Le Manh Ha, Deputy Chairman of the People's Committee, said 12 SOEs were equitized last year, of which 10 SOEs had launched initial public offerings. The State capital invested in the equitized SOEs had touched VND195 billion (US$9 million).

Ha noted that the city had issued preferential shares to 1,300 workers, pointing out that the city now holds 25 to 65 per cent of the charter capital in equitized SOEs.

The vice chairman said the city aims to equitize 31 SOEs between 2013 and 2015, and the provincial authorities will facilitate the equitization process for 19 other SOEs. — VNS

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