Topic: state capital

The dissolution resulting from the fact that 19 State-owned enterprises and corporations have been transferred to the Ministry of Finance and other ministries.

Accelerating key investment projects is a vital solution to achieve the province's ambitious 8% economic growth target.

Before being transferred to the MoF and the Ministry of Public Security, the 19 corporations and general corporations under the CMSC had a total owner's equity of over $46.1 billion, an increase of 11% after five years.

Raising current ratio of 50% would hasten implementation of key transport projects, NA deputies believe.

Decision issued to ensure MobiFone has effective management and uses State capital in line with legal regulations.

Addressing the Conference of Representatives of the State Capital Investment Corporation (SCIC)’s capital at enterprises on October 21, SCIC Deputy General Director Le Thanh Tuan said the total capital owned by the SCIC currently accounts for nearly 2 per cent of total State capital in enterprises. The SCIC will strive to improve the efficiency of representatives of State capital in enterprises and be a strategic investor of the government.

A paradox exists in the fact that even though the sale of State capital is tardy, the starting price is still quite high. Analysts point out that this is due to problems in real estate valuations. The Ministry of Finance has said it will continue to perfect legal mechanisms and policies in a synchronous manner to speed up the progress of equitization.

According to a report presented by the Ministry of Finance to the National Assembly, one reason the equitization and divestment of State capital has stalled in recent times is the lack of incentive when the State-owned enterprise (SOE) is posting strong growth and high profits. This leads to many SOEs remaining in industries where the State does not need to maintain ownership.