Monday, December 5 2016

VietNamNews

State units divest VNĐ2.87 trillion in seven months

Update: August, 15/2016 - 08:30
About 43 state-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, the finance ministry said on Wednesday. — VNA/VNS Photo

HÀ NỘI – About 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, the finance ministry said. 

State units divested VNĐ2.87 trillion (US$130.4 million) in book value and earned VNĐ5.6 trillion ($256 million) from the sale of stocks. 

State-owned groups and corporations raked in VNĐ424 billion from selling stakes in five sensitive areas -- securities, insurance, banking and finance and real estate, besides investment funds -- not to mention VNĐ1.96 trillion ($89 million) from other fields. 

In July, the state budget revenue was estimated at VNĐ102 trillion, up 26.6 per cent from the previous month. The figure for the January-July period reached VNĐ583.6 trillion, up 5.7 per cent from the same period of 2015. 

The total budget spending hit VNĐ107.5 trillion, raising the seven-month figure to VNĐ662.1 trillion, marking a 4.9 per cent increase year-on-year. 

Also in July, four loan agreements worth $669 million were signed with the World Bank (WB). 

Twenty-six loan deals valued at $4.43 billion were inked during the seven months, mostly with the WB, the Asian Development Bank and Japan. Approximately $150 million were disbursed. 

In the remaining months of this year, the ministry will increase inspection of tax payment and customs clearances, while asking relevant units to monitor the SoEs’ restructuring, securities market, pricing and public asset management. -- VNS

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