VN plans to equitize, re-arrange 899 SOEs by 2015
VGP – The Ministry of Finance (MoF) announced that 899 State-owned enterprises (SOEs) will be re-organized and privatized in the 2011-2015 period.
Of the figure, 367 enterprises will be equitized and 532 will be re-arranged in different models of delivery, dissolution, bankruptcy and transmission to limited-liability companies with single member or two members.
In 2012, the MoF plans to privatize 93 SOEs, of which 22 belong to ministries and agencies; 33 of economic groups and general corporations and 38 of localities.
Earlier, the MoF announced that as of April 20, 2012, 5.856 enterprises were re-arranged and 3,951 of which were equitized, accounting for 67.4% of the total SOEs.
As of October 2011, Vietnam was home to 1,309 SOEs. They make up 35% of GDP, hold 39.5% of the country’s total industrial output and over 50% of export turnover, and create around 1.2 million jobs./.
By Kim Anh