Chủ đề: equitization

Solutions suggested for overcoming the issues clouding the process.

Revenue from the equitization of and divestments by State-owned corporations contributed VND1.4 trillion ($61.81 million) to the State budget in 2021, or just 3.5 per cent of the plan. This year, it is expected that divestments by six large firms, including FPT Corporation and the Hanoi Beer - Alcohol - Beverage Corporation (Habeco), will bring in VND20 trillion ($883.1 million).

Equitization of State-owned enterprises remained tardy in the first nine months of 2021.

Despite starting the process in 2007, Agribank’s equitization remains in the preparation stage, with land issues being the main sticking point. There are still 80 Agribank housing and land facilities that have not been approved by the Ministry of Finance.