Up to VND4.49 trillion collected from divestment in H1
Up to VND4.49 trillion (over US$202 million) were collected by businesses during their divestment process carried out in the first six months of 2016, the Ministry of Finance announced at a recent conference in Hanoi.
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Economic groups and companies withdrew VND357 billion (over US$16 million) of their capital and collected VND400 billion (US$18 million) from five sensitive fields, namely stock, insurance, banking-finance, real estate, and investment fund.
They also divested VND945 billion (US$42.5 million) and collected over VND1.2 trillion (US$54 million) from businesses having invested in areas out of the five aforesaid ones.
In January – June, the State Capital Investment Corporation (SCIC) sold over VND1 trillion (US$45 million) of shares and collected more than VND2.8 trillion (US$126 million).
As of June 22, 39 State-owned enterprises had their equisation plans approved.
The total book value of the businesses is over VND27 trillion (US$1.21 billion), including over VND21.6 trillion (US$972 billion) from the State.
According to the equitisation plans, the chartered capital of these businesses is estimated at over VND21 trillion (US$945 million), of which the State holds more than VND9.8 trillion (US$441 million).
It is planned to sold VND7.05 trillion (US$317.25 million) of shares to strategic investors, VND258 billion (US$11.61 million) to workers, VND1.8 billion (US$81,000) to trade unions, and over VND3.8 trillion (US$171 million) for initial public offering.
The Ministry of Finance said the restructuring of State-owned enterprises should be sped up to make sure the enterprises will operate in a more efficient manner.
