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Vietnam to set stronger tone for SOEs restructuring
15:32, 2015/03/27
Prime Minister Nguyen Tan Dung has requested drastic actions to restructure State-owned enterprises (SOEs), with a focus on equitisation and withdrawal of State capital from non-core business lines.
Prime Minister Nguyen Tan Dung chairs a meeting with the Steering Board for SOE Renovation and Development in Hanoi on March 26
Prime Minister Nguyen Tan Dung chairs a meeting with the Steering Board for SOE Renovation and Development in Hanoi on March 26
As of March 24, 289 SOEs on the waiting list of equitisation already established Steering Boards in charge of the process. Up to 207 of them were evaluating their assets while 81 others planned to announce their worth. 
Nationwide, as much as nearly 7 trillion VND (333 million USD) invested in non-core business lines has been recollected, mostly in the military-run telecom Viettel, the Vietnam National Oil and Gas Group, the Vietnam Posts and Telecommunications, the Electricity of Vietnam, the State Capital and Investment Corporation. 
In January-March, 18 SOEs auctioned 100 million shares and earned 805 billion VND (38.3 million USD). 
During a working session with the Steering Board for SOE Renovation and Development in Hanoi on March 26, the Government chief asked for perfecting SOEs restructuring plans and clearing barriers to the reshuffle, which he said, is running slowly. 
Restructuring SOEs is a focal political task of the Government, therefore, it requires unanimous consent and concerted efforts by the entire political system, agencies, localities and business community, he noted. 
Directing tasks for the coming time, he requested SOEs to constantly overhaul their production and governance while going through open and transparent procedures to be listed on the stock market. 
Concluding the event, he ordered stepping up supervision of ministries, agencies, localities, and SOEs over the restructuring process.
 
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