As the Prime Minister’s SOE equitisation plan has remained stagnant for the last five years, economic specialists have said it is very difficult for the stakeholders to complete the plan on schedule, or it is impossible.
Only three state-owned enterprises got the nod from the State authority for their equitisation plan in May, lifting the total number of companies to have plans approved in the first five months of the year to 30.
As the stock market is experiencing strong volatility and shows little signs of strong recovery, the State may struggle to sell its stake in State-owned enterprises (SOEs) on schedule.
Viet Nam National Shipping Lines (Vinalines) expected to hold its initial public offering (IPO) in August and the first general shareholders meeting in September, the Group announced.
Prime Minister Nguyen Tan Dung has approved Corporation 36''s
equitisation plan, involving the sale of part of the state share and
issuing of more stakes to increase its charter capital.
The Ministry of Transport has almost completed its evaluation of Viet
Nam National Shipping Lines (Vinalines) so that it can an
equitisation plan to submit to the Government.
The Ministry of Information and Communications (MIC) will submit its
equitisation plan for Mobifone to the Government by end-2014 and if
approved, it will implement this plan in 2015.