AsemconnectVietnam - The Ministry of Finance said the names of State-owned enterprises (SOEs) which had been privatised but failed to list on exchanges as per regulations would be published on the Government’s e-portal.

The finance ministry said that there were 578 privatised enterprises which had not registered for listing on stock exchanges. The list has already been sent to Prime Minister Nguyen Xuan Phuc.

Enterprises which must transfer State capital ownership to the State Capital Investment Corporation (SCIC) would also have their names published.

The finance ministry said that the progress of privatisation, capital divestment and restructuring of SOEs remained slow in the first five months of this year.

“The transferring of State capital ownership to SCIC is slow. The capital divestment results are also bellow expectation,” the ministry said in a report.

SOEs which must be privatised and divested in this period are mainly of large scale with multi-sector operation and complicated financial situation, the ministry said, adding that it would take time to prepare for evaluation of the corporate value and finding of strategic investors.

The ministry’s report showed that by May 31, enterprises with a total corporate value of more than VND4.15 trillion (US$182 million) were given approval for their privatisation plans, in which State capital accounted for nearly 30 per cent.

Regarding capital divestments, SOEs collected VND14.8 trillion by selling stakes worth VND3.5 trillion in book value.

In the five-month period, SCIC sold stakes at 18 enterprises and collected VND12.2 trillion.

Source: Bizhub.vn