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.
Out of the 19 enterprises with approved equitisation plans, only five have so far established steering committees and working groups to oversee the process.
Although equitisation and divestment of State capital in State-owned enterprises (SOEs) adds revenue to the State budget and improves corporate governance, the process is moving painfully slow due to various obstacles.
Reforming and modernising State-owned-Enterprises (SoEs) remains a key objective and high priority of the government, as it continues to roll out policies to address their shortcomings and limitations, said finance minister Ho duc Phoc at a conference discussing Viet Nam’s...
HCM City will continue to speed up equitisation of State-owned enterprises to enable more reputed companies to list on the stock exchange, and the most favourable conditions for investors, its chairman has said.
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).
Capital market development helps State-owned enterprises (SOEs) enhance the transparency of corporate governance, thereby promoting transaction volume on the market and increasing liquidity for state shareholders.
As the Government was focusing on accelerating the privatisation and divestment of State-owned enterprises, attracting foreign investment was important to the success of the progress.
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.
Dr Burkhard Schrage, Senior Programme Manager of Management at RMIT’s School of Business & Management talked with Viet Nam News about the work of equitising state-owned enterprises during the COVID-19 pandemic.