THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Gov't approves new plan for restructuring SOEs
VGP - Deputy Prime Minister Le Minh Khai has signed a decision approving a project on restructuring state-owned enterprises (SOEs) in the 2021-2025 period.
March 18, 2022 7:30 PM GMT+7
SOEs will be basically re-arranged by 2025
Under the project, all State economic groups and corporations in which the State holds more than 50 percent of charter capital will be rearranged by 2025.
SOEs are expected to contribute at least VND 248 trillion (US$ 15.5 billion) to the State budget.
The project also aims to basically handle poor-performing and loss-making projects managed by SOEs and completely put an end to scattered investment or noncore business operation through divestment.
As many as 183 enterprises had been approved for equitization from 2016 to June 2021 but only 39 of them were equitized, according to the Ministry of Finance./.