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Regarding the divestment situation, the accumulated total divestment from 2016-2020 has divested 27,312 billion dong from enterprises, earning 177,397 billion dong, 6.5 times higher than book value, which includes divestment capital of the State Capital Investment Corporation (SCIC) in 136 enterprises (costing 6,758 billion VND, earned 37,185 billion VND). Accumulated in the first 6 months of 2021, businesses have divested with a value of 286.6 billion dong, earning 2,165 billion dong.
Currently, the system of legal mechanisms and policies to serve the restructuring process of SOEs has been improved in a stricter direction, enhancing publicity and transparency in the equalization process, correctly and fully calculating the value of enterprises when equitizing, separating the process related to land from the process of equitizing, while SOEs have not prepared the resources to apply, leading to a longer implementation time.
Proposing solutions to speed up the equitizing, divestment, and restructuring of SOEs in the last 6 months of 2021, the Ministry of Finance proposed the Prime Minister to issue an official dispatch to direct and urge ministries, sectors and localities. The method continues to promote equitizing and divestment of state capital in enterprises.
On the other hand, in terms of mechanisms and policies, in the short term, the Ministry of Finance proposes to the Prime Minister to soon issue important mechanisms and policies such as: Decision on criteria, list of classification of state-owned enterprises and enterprises with state capital, public non-business units; Decision approving the list of equitized enterprises implemented and divestment in the period of 2021 – 2025; Decision approving the SOE restructuring scheme, focusing on economic groups and State Corporations for the period of 2021 – 2025 so that representative agencies and enterprises can have a basis for implementation; reviewing, summarizing and proposing amendments and supplements to Law No. 69/2014/QH13.
https://www.mof.gov.vn/
Documentary Editorial Board, DBRC「 Researching on Accounting, Taxes, Legal, Finances in Vietnam」, Dong Du International Accounting & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network (www.japanvietnam.com.vn)
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