Prime Minister Nguyen Xuan Phuc asked accountability to be enhanced in the restructuring and divestment of State-owned enterprises (SOEs) to improve the efficiency of the process.
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.
The Government will reconsider the leadership responsibilities of officials who are yet to fulfill State-owned Enterprises (SOEs) privatisation and divestment, said Deputy Prime Minister Vuong Dinh Hue, Head of the Government Steering Committee on Corporate Renovation and Development.
The Ministry of Finance said the names of State-owned enterprises (SOEs) which had been privatised but failed to list on exchanges as per the regulations would be published on the Government’s e-portal.
Measures for the privatisation of PetroVietnam Power Corporation (PV Power) have been hastened with the process expected to be completed within this year.
Businesses under the industry and trade ministry have not attracted
foreign strategic investors during their privatisation, the ministry''s
board for enterprise renewal and development''s deputy head Phan Dang
Tuat said.
Prime Minister Nguyen Tan Dung has ordered that drastic measures be
taken to complete the privatisation of 289 State-owned enterprises
(SOEs) within this year, stressing that benefits of the State, company
employees, and shareholders must be ensured.
The Viet Nam Expressway Corporation (VEC) plans to boost its current
charter capital 22-fold to more than VND22.16 trillion (US$1.04
billion), ahead of its privatisation.
The Vietnam Sea Products Corporation Company Limited (Seaprodex) sold
more than 45.17 million shares in its initial public offering (IPO) at
the HCM City Stock Exchange on December 12.