Deputy PM urges maximum efforts to equitise state firms

Thursday, 2020-08-06 16:38:27
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Deputy PM Truong Hoa Binh speaking at the conference (Photo: VGP)
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NDO - Deputy Prime Minister Truong Hoa Binh has asked the ministries concerned and state-owned enterprises (SOEs) to redouble their efforts to accelerate equitisation in the final months of 2020.

He was speaking at a conference of the Steering Committee for Enterprise Reform and Development on August 6.

Official reports show that disinvestment has been completed for only 92 out of 348 state-run companies targeted for the 2017-2020 period.

The Deputy PM noted that such slow progress was mainly due to delayed revisions to equitisation and disinvestment regulations, and slack compliance with the relevant laws on land and public asset management.

He also pointed to a lack of responsibility and feeble effort of leaders in some state enterprises as a reason for the slow equitisation, which has been further compounded by the coronavirus epidemic and a business environment with many obstacles for the private sector.

Therefore, Deputy PM Binh urged ministries and SOEs under their jurisdiction to maximise their efforts for the remainder of the year so as to meet equitisation goals as far as possible.

He also called for measures to promote the listing of equitised firms on the stock market and resolve difficulties concerning land regulations during the equitisation process.