The Ministry of Finance (MoF)’s experts have stressed the need to remove obstacles in mechanisms and policies to promote the equitisation and divestment of state capital in enterprises.
The successful equitisation and capital divestment of State-owned enterprises (SOEs) would benefits that boosted the stock market and business performance, experts have said.
Capital divestment from State-owned enterprises had slowed and was still facing difficulties, said Đặng Quyết Tiến, director of Corporate Finance Department under the Ministry of Finance.
The Ministry of Transport (MOT) will sell 80.58 million shares of Viglacera Corporation, equivalent to 17.97 per cent of the company’s charter capital, in its upcoming State capital divestment this year.
The State Bank of Viet Nam has drafted a regulation which would favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.
Given the stock market’s recent lethargy, The State Capital Investment Corporation (SCIC) is assessing market demand to consider choosing the most efficient capital divestment options at State-owned enterprises.
The Viet Nam Post and Telecommunications Group (VNPT) has successfully divested capital from its finance subsidiary, the Post and Telecommunication Finance Company Ltd (PTF).
Deputy Prime Minister Vuong Dinh Hue said that 2018 will be the peak year for equitisation of State-owned enterprises (SOEs) and State capital divestment.
Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VND4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.
In the first six months of 2017, Viet Nam’s Debt and Asset Trading Corporation (DATC) completed divestment of three enterprises, recovering capital worth VND41.962 billion (US$1.8 million) and achieving 50 per cent of the revenue plan.