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The Vietnamese government plans to accelerate the privatization process and sell nearly 100 shares of state-owned enterprises by the end of 2020 to achieve this goal
.
In recent years, the Southeast Asian country has been selling its stakes in state-owned enterprises to improve government revenues, but progress has fallen short of expectations
.
Recently, the government announced that in order to accelerate the achievement of this goal, the government will sell the shares
of 93 state-owned enterprises by the end of next year.
Specifically, it includes a 35% stake in Agribank, Vietnam's largest bank, a Vietnam coal mining company, and a stake in Vietnam Northern Food
, Vietnam's largest coal company.
It is reported that Agribank has assets of nearly $51 million, and its pre-tax profit for fiscal year 2018 was about $429 million, an increase of 32.
9%.
In addition, the government holds a 50% stake in the mobile communications company, as well as Vietnam Post and Telecommunications Group and Vietnam National Chemical Corporation
.
Please indicate the source for reprinting)
The Vietnamese government plans to accelerate the privatization process and sell nearly 100 shares of state-owned enterprises by the end of 2020 to achieve this goal
.
In recent years, the Southeast Asian country has been selling its stakes in state-owned enterprises to improve government revenues, but progress has fallen short of expectations
.
Recently, the government announced that in order to accelerate the achievement of this goal, the government will sell the shares
of 93 state-owned enterprises by the end of next year.
Specifically, it includes a 35% stake in Agribank, Vietnam's largest bank, a Vietnam coal mining company, and a stake in Vietnam Northern Food
, Vietnam's largest coal company.
It is reported that Agribank has assets of nearly $51 million, and its pre-tax profit for fiscal year 2018 was about $429 million, an increase of 32.
9%.
In addition, the government holds a 50% stake in the mobile communications company, as well as Vietnam Post and Telecommunications Group and Vietnam National Chemical Corporation
.
Please indicate the source for reprinting)
