The outbreak of COVID-19 in many localities has delayed the equitisation of State-owned enterprises (SOEs).

The rate of equitised State-owned enterprises (SOEs) for the 2017-20 period has remained at 28 per cent for several months, the latest update from the Ministry of Finance shows.

Equitisation should be a magic wand to improve the performance of a State-owned enterprise (SOE), but in some cases, it is not.

The equitisation of State-owned businesses from 2016-2019 fell behind schedule, putting heavier pressure on this year, according to the Ministry of Finance.

As issues related to land use rights still hinder State-owned enterprises (SOEs) from executing equitisation on time, the finance ministry has built a draft to amend the current decree regulating land issues.

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.

The increasing amount of property and land under State-owned enterprises (SOEs) was mentioned as a factor in their slow equitisation.

The Vietnamese government has made the latest bold move in a bid to further accelerate the long-lasting equitisation of state-owned enterprises. 

A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.

The 14th NA adopted at its 5th session a resolution on continuing to improve and enforce policies and laws on the management and use of State capital and assets in enterprises and during the equitisation of State-owned enterprises.

 VietNamNet Bridge – Ngo Minh Hai, deputy head of the State-owned enterprise (SOE) club of Central Economic Management Institute, told Hai Quan (Customs) newspaper about the equitisation of SOEs in Viet Nam.

 The Ministry of Finance plans by the end of this year to complete a list of 200 State-owned enterprises (SOE) for equitization and their initial public offerings (IPO) will be launched in the third quarter of next year.

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 VietNamNet Bridge – The Ministry of Transport is determined to equitise SOEs under its control to improve production and business activities, Minister Dinh La Thang spoke to the Tin Tuc (News) Newspaper.

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Except Vietinbank, other State-owned commercial banks are not allowed to sell more than 35% of the shares. The government has also permitted State-owned corporations to divest from non-core business fields below the face value.

 Amid rising pressure on State-owned enterprises to reform and critical problems that hinder the process, Ethiopis Tafara, Vice President and General Counsel of the International Finance Corporation (IFC), talked about this issue.