Airports Corporation of Vietnam, under the management of MoT is among the biggest equitation in Viet Nam. The ministry approves a list of strategic investors, share prices, and the first general shareholders meeting of the ACV this year.. — Photo cafe.vn

HA NOI— 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 April 12.

Dong said in the first quarter, the MoT divested from nine non-core businesses, earning more than VNĐ2 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 Vietnam (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 Vietnam Expressway Corporation (VEC) plan to raise its charter capital from VNĐ1 trillion to VNĐ72.6 trillion by 2019 and implementing the equitisation of the firm.

Since December 2004, VEC has developed the biggest highway projects in Việt 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.

Dong said the MoT asked the Prime Minister to approve the equitisation plan of Nam Thăng Long Hospital in Hà Nội.

The MoT was the most active ministry in carrying out the equitisation of state-owned firms. By the end of 2015, MoT had exceeded its equitisation targets by successfully equitising 137 state-owned including 16 large-scale corporations. — VNS