The Prime Minister’s newly-issued decision on State capital divestment at enterprises is an important legal tool to accelerate the current sluggish equitisation process of State-owned enterprises (SOEs).
Five big State-owned corporations will conduct initial public offerings (IPOs) in the first quarter. Market insiders give their forecast on the IPO prospects, market-absorption capacity and impact on the Government’s equitisation process this year.
The Central Institute for Economic Management (CIEM) released a report yesterday on the actuality of strategic shareholders’ involvement in state-owned enterprises’ (SoEs) equitisation process, which they concluded to be below expectations.
Investment firm Sovico Holdings is in talks with the Binh Son Refining and Petrochemical Company (BSR Co Ltd) on exploiting opportunities arising out of the latter’s equitisation process.
The Viet Nam National Shipping Lines (Vinalines) and 28 other companies
in the transport sector expect to finish their equitisation process by
the end of the year, according to the transport ministry.
National flag carrier Vietnam Airlines has seen some progress in its
much delayed equitisation process with news that the carrier will start
preparing the documents for its initial public offering (IPO) during the
next two months.