Xinhua, Hanoi :
Vietnam will accelerate equitization of state-owned enterprises as well as divestment in joint stock companies by 2020, including leading firms in their business fields, local media reported on Friday.
The Vietnamese government is reviewing the list of fields and businesses in which the government will gradually hold smaller stakes, including the biggest dairy firm Vinamilk and top brewer Sabeco, daily newspaper Tuoi Tre (Youth) quoted Dang Quyet Tien, deputy head of the Corporate Finance Department under the Vietnamese Ministry of Finance, as saying.
The government will also equitize 137 state-owned enterprises, he said, adding that it will sell all stakes in many of the enterprises.
The state will retain full ownership in state-owned enterprises operating in a few fields, including defense and security, money printing, and industrial explosives production and trading.
Vietnam is facilitating mergers and acquisitions in association with equitization of big state-owned enterprises in the fields of transport, infrastructure, food, foodstuff, agriculture, telecommunications, trading, service, tourism and construction, according to the Ministry of Planning and Investment.
Vietnam will accelerate equitization of state-owned enterprises as well as divestment in joint stock companies by 2020, including leading firms in their business fields, local media reported on Friday.
The Vietnamese government is reviewing the list of fields and businesses in which the government will gradually hold smaller stakes, including the biggest dairy firm Vinamilk and top brewer Sabeco, daily newspaper Tuoi Tre (Youth) quoted Dang Quyet Tien, deputy head of the Corporate Finance Department under the Vietnamese Ministry of Finance, as saying.
The government will also equitize 137 state-owned enterprises, he said, adding that it will sell all stakes in many of the enterprises.
The state will retain full ownership in state-owned enterprises operating in a few fields, including defense and security, money printing, and industrial explosives production and trading.
Vietnam is facilitating mergers and acquisitions in association with equitization of big state-owned enterprises in the fields of transport, infrastructure, food, foodstuff, agriculture, telecommunications, trading, service, tourism and construction, according to the Ministry of Planning and Investment.
