Equitisation of State-owned enterprises remains slow: official
The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.
Hanoi (VNA) – The equitisation of State-ownedenterprises (SOEs) is still slow, failing to reach the rate of progress asdirected by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said atthe Government’s regular press briefing in Hanoi on May 4.
The event was held following the Government’sregular meeting and presided over by Minister-Chairman of the GovernmentOffice Mai Tien Dung.
Mai said only two SOEs had their equitisationplans approved with total value of 295 billion VND (12.68 million USD) in thefirst four months of 2019.
From 2016 to April 2019, 161 SOEs hadequitisation plans approved with total value of 442 trillion VND (19.11 billionUSD), including 206 trillion VND (8.9 billion USD) of State capital, she added.
The remaining number of SOEs that must be equitisedis 97, accounting for 76 percent of the assigned plan.
While explaining about this slow progress, Maisaid some ministries, sectors, localities, economic groups and State-ownedcorporations have yet been active and serious in implementing equitisation,divestment and business restructuring plans.
Problems related to finance, land, and labour havealso hindered the process, the Deputy Minister said.
Mai noted that the Prime Minister and theGovernment have issued a number of resolutions directing ministries, sectors, localitiesand economic groups to carry out tasks to speed up the equitisation of SOEs.
The Ministry of Finance and the Ministry ofPlanning and Investment were urged to revise and supplement legal documents,specifically decrees related to the equitisation of SOEs, she said.
Equitised businesses must review their land fundto map out land use plans according to the Land Law, Mai added.-VNA
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Illustrative image (Source: VNA) 
