Deputy Finance Minister calls for hastening of equitisation process
Deputy Minister of Finance Huynh Quang Hai has called for continuing to review existing policies to promptly identify difficulties in the equitisation of and divestment from State-owned enterprises (SOEs), stepping up enterprise renovation and raising a sense of responsibility in State management of the field.
Deputy Minister of Finance Huynh Quang Hai has called for continuing to review existing policies to promptly identify difficulties in the equitisation of and divestment from State-owned enterprises (Photo: VNA)
Hanoi (VNA) - Deputy Minister of Finance Huynh Quang Hai hascalled for continuing to review existing policies to promptly identify difficultiesin the equitisation of and divestment from State-owned enterprises (SOEs), steppingup enterprise renovation and raising a sense of responsibility in Statemanagement of the field.
He said the issuance of Decree No 150/2020/ND-CP on the transformationof public non-business units into joint stock companies will serve as animportant legal foundation for the years to come.
According to the Finance Ministry’s Department of Corporate Finance, equitisationand divestment has remained slow, with several targets from the 2016-2020period yet to be met. Some 178 firms have had their equitisation plans approved,with a total value of over 443.5 trillion VND (19.28 billion USD).
In 2020 alone, 91 businesses were yet to fulfil equitisation.
The department a🎉ttributed the tardiness to the issuance of severalmechanisms and policies that lead to more time being needed to approve land useplans, as well as less attention being paid to the endeavour./.
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Deputy Minister of Finance Huynh Quang Hai has called for continuing to review existing policies to promptly identify difficulties in the equitisation of and divestment from State-owned enterprises (Photo: VNA) 
