Wednesday, December 19 2018

VietNamNews

SOEs urged to list on stock market

Update: August, 02/2018 - 17:03
Sài Gòn Jewelry Company Limited plans to equitise next year. — Photo zing.vn
Viet Nam News

HÀ NỘI — Only 150 of nearly 750 State-owned enterprises (SOEs) have listed on the stock market, said Deputy Minister of Finance Vũ Thị Mai.

Speaking at the monthly Government press conference in Hà Nội on Wednesday, Mai said the ministry had announced the names of 747 SOEs that had not yet registered transactions and listed on the stock market in August last year.

"We will also coordinate with ministries, sectors and localities to accelerate the equitised enterprises in quickly listing on the stock market," said Mai.

In a meeting to review SOE restructuring in the first half of 2018 and launch tasks for the second half of the year held in Hà Nội last week, Deputy Prime Minister Vương Đình Huệ said Hà Nội and HCM City were two localities with many businesses that had not been equitised. In addition, ministries also had few equitised enterprises.

Huệ, who is also head of the Government Steering Committee on Corporate Renovation and Development, requested the Government Office to urge groups and corporations to report difficulties and shortcomings in equitisation, divestment and reorganisation of the SoEs, which will be sent to the Government at the forthcoming national conference on SOEs chaired by the Prime Minister.

Huệ also asked corporations to review the list of handovers to the State Capital Investment Corporation (SCIC) in the spirit that all ministries and localities will hand over all equitised enterprises to the SCIC.

He also asked the Ministry of Finance to publicise equitised SOEs that have not listed on the stock market in time. The ministry needed to soon complete the draft decision of the Prime Minister on the procedures for handing over groups or corporations to the SCIC. — VNS

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