MoF urges the equitisation and divestment process in Viet Nam. The department concluded that the equitisation process of State-owned enterprises and their divestment in non-core business had failed to meet expectations. The department said the divestment was part of equitisation plans of 48 State-owned enterprises (SOEs) with their equitisation plans approved this year. Following equitisation, the firms are expected to have charter capital of over VNĐ23 trillion, including VNĐ11 trillion of State capital. Diligence to avoid losses during the equitisation process is the most important requirement for relevant authorities, it said.

Source: Viet Nam News September 10, 2016 02:48 UTC