The Government will continue to restructure State-owned enterprises (SOEs) with a focus on converting them into stock companies, according to Pham Viet Muon, deputy head of the Committee for SOEs Renewal and Development at a press conference on July 10.
The Government can hold a controlling stake of up to 99 percent, he stated, adding that the goal is to shift companies’ operation into a new mechanism and improve enterprises management modes.
According to the Ministry of Finance, there are now around 3,800 SOEs that have been equitised. The remainder of more than 1,700 SOEs, and the form of economic groups and State-run corporations, are included in a plan for re-organisation between now and 2010.
The ministry said it is establishing an equitisation steering board to speed up the process in the remaining months of this year.
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