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VietNamNews

PM urges speeding up SOEs' equitisation

Update: April, 01/2015 - 15:49
Only 29 out of the 289 enterprises, which were expected to be equitised this year, have reportedly completed the process. The enterprises sold State-owned stakes worth nearly VND7 trillion (US$324.59 million). — Photo vietstock

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has urged State-owned enterprises (SOEs) to speed up their equitisation after reviewing the process in the first quarter of this year.

Only 29 out of the 289 enterprises, which were expected to be equitised this year, have reportedly completed the process. The enterprises sold State-owned stakes worth nearly VND7 trillion (US$324.59 million).

At present, SOEs have assets worth VND3,000 trillion ($139.11 billion), including about VND 1,200 trillion ($55.64 billion) State owned stakes. During their equitisation process in the last five years, VND100 trillion ($4.64 billion) worth of State-owned stakes were sold.

Prime Minister Dung said this result was too modest.

"The SOEs' equitisation needs to be sped up to generate funds for more important fields and to improve enterprises' efficiency," he said. -- VNS


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