Deputy Prime Minister Vuong Dinh Hue has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.
The divestment list, proposed by the Ministry of Planning and Investment, aims to raise funds for the nation’s public investment plan for the 2016-20 period, and advance the SOE restructuring process.
Under the new schedule, the State will divest from 135 businesses this year, 181 in 2018, 62 in 2019 and 28 in 2020. The total face value divestment from 2017 to 2020 are estimated at VND64.46 trillion (US$2.82 billion). Continue reading “406 SOEs approved for divestment in 2017-2020”