A total of 109 state-owned enterprises (SOEs) have completed equitisation as of the end of September, said Pham Tuan Anh, Deputy Director of the Enterprises Renovation Department under the Government Office at the Viet Nam-Japan Economic Forum held on October 14.

The set target is to equitise 289 SOEs this year, which means 180 more should complete the process by the year’s end.

Anh highlighted that by the end of this year, some big corporations will be among those to be equitised such as telecom service provider Mobifone, power generating firms under the Electricity of Viet Nam (EVN) and PetroVietnam Power Corporation under the National Oil and Gas Group.

Telecom service provider Mobifone is set to be equitised by the end of this year. (Source: doisongphapluat.com)

As of September 28, total State capital divestment was estimated at nearly 8.7 trillion VND (388.5 million USD), of which 2.69 trillion VND (120.1 million USD) was divested from real estate sector and 1.36 trillion VND (60.7 million USD) from insurance, security and finance-banking sectors.

(Source: VNA)