530 SOEs equitized in the last five yearsVietNamNet Bridge - The list of SOEs (state owned enterprises ) subject to equitization is long with many well-known names. The list of SOEs subject to equitization is long with many well-known namesUnder the approved equitization plan, PetroVietnam, after divestment, will hold 51 percent of charter capital in PV Power, while 29 percent of shares will be sold to strategic investors. It was expected to collect $600-700 million.The long-awaited sale of stake of Sabeco, the largest Vietnamese brewer, is slated for December 18. However, Decree 91 sets provisions on restrictions on stake transfers.Tran Dinh Thien from the Vietnam Economics Institute said that the number of 530 equitized enterprises in the last five years does not fully reflect the impact of economic restructuring.“With the holding rate of 8 percent of equitized enterprises, private investors won’t have the right to join the enterprises’ management board. This explains why few private businesses are interested in an equitized stake,” Thien commented.

Source: VietNamNet News December 24, 2017 02:26 UTC