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Ministry to step up SOEs restructuring, equitisation in 2019

The Ministry of Industry and Trade has announced that its Department of Finance and Enterprise Innovation will step up the restructuring and equitisation of State-owned enterprises (SOEs), together with listing them on the stock market.
Ministry to step up SOEs restructuring, equitisation in 2019 ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Ministry of Industry and Tradehas announced that its Department of Finance and Enterprise Innovation willstep up the restructuring and equitisation of State-owned enterprises (SOEs), togetherwith listing them on the stock market.

The ministry will also publicise equitised SOEs which areeligible and yet to register for listing and consider the responsibility oftheir leaders.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said theministry restructured the Electricity of Vietnam (EVN), the Vietnam NationalCoal – Mineral Industries Holding Corporation (Vinacomin) and the Vietnam National ChemicalGroup in 2018, and approved a list of businesses under the Vietnam National Oiland Gas Group (PetroVietnam) subject to equitisation and divestment for the2017-2020 period.

The ministry also directed the EVN and PetroVietnam to successfullyconduct their equitisation and switch Binh Son Refining and Petrochemical(BSR), the PetroVietnam Power Corporation (PVPOWER), the PetroVietnam OilCorporation (PVOIL), the Power Generation Joint Stock Corporation 3 (EVENGENCO3) into joint stock companies.

It is also hastening divestment from the Vietnam Engine andAgricultural Machinery Corporation (VEAM), the Machines and IndustrialEquipment Corporation (MIE), the Vietnam National Petroleum Group (Petrolimex)and the Hanoi Alcohol Beer and Beverage Company (Habeco) as directed by thePrime Minister.

Procedures are being processed to transfer six businesses tothe Commission for the Management of State Capital at Enterprises-VNA
VNA
#Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency #State-owned enterprises #equitisation #divestment 💙#Commission for the Management of State Capital at Enterprises Vietnam

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