Friday, March 24 2017

VietNamNews

State units earn VNĐ14 trillion from divestment

Update: March, 06/2017 - 16:04
The automatic packaging line at Vinamilk’s Việt Nam Dairy Factory No 2 in Bình Dương Province’s Mỹ Phước 2 Industrial Zone. SCIC has divested VNĐ780 billion from Vinamilk and gained nearly VNĐ11.3 trillion. — VNA/VNS Photo Thế Anh
Viet Nam News

HÀ NỘI — State-owned enterprises (SOEs) have contributed VNĐ14.2 trillion (US$621 million) to the coffers through divestment in the first two months of 2017, the finance ministry has said.

Around VNĐ36.3 billion has come from selling stakes in five sensitive areas – securities, insurance, banking and finance, real estate, and investment funds – and another VNĐ2.1 trillion from other fields.

The State Capital Investment Corporation (SCIC) sold stakes worth VNĐ1.2 trillion in 11 companies, earning a total of VNĐ12.1 trillion. Of the estimates, SCIC divested VNĐ780 billion from the Việt Nam Dairy Products JSC (Vinamilk). It gained nearly VNĐ11.3 trillion from the sale of Vinamilk stocks.

Though no SOEs have been equitised in the first two months of this year, those companies listed for equitisation in the 2016-20 period are actively involved in the process.

In 2016, 56 enterprises were approved for equitisation. The total value of these firms was VNĐ34 trillion, of which the State capital was valued at VNĐ24.4 trillion.

As per the equitisation plan, the charter capital of the 56 companies was VNĐ24.37 trillion, of which the State held VNĐ11.9 trillion. The stakes sold to strategic investors were worth VNĐ7 trillion, those sold to workers were worth VNĐ388 billion, and shares sold at public auctions were worth VNĐ4.3 trillion. — VNS

 

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