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Transport ministry sets sights on business equitisation

VNA
Published: March 01, 2016

The Ministry of Transport will accelerate equitisation of transport corporations this year, an official from the ministry said in a recent interview.

Enterprise Management Department Director Vu Anh Minh told Giao thong, a newspaper of the ministry, that the key targeted businesses include Viet Nam National Shipping Lines (Vinalines), Shipbuilding Industry Corporation (SBIC), and the Viet Nam Expressway Corporation.

Nam Thang Long Transport Hospital, and Cuu Long Corporation for Investment Development and Project Management of Infrastructure are also among the list.

The equitisation of these firms began last year, but has not yet been completed. The delay in Vinalines and SBIC cases were particularly attributed to obstacles related to their capital and debt settlement.

This year, the ministry also plans to equitise Academy of Aviation, Thang Long Vocational Training School, and two transport hospitals in Vinh and Da Nang.

A registration centre of the Viet Nam Register and five technical centres of the Directorate for Roads of Viet Nam are also up for equitisation in 2016.

(Source: VNA)

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