Vietnam SCIC Takes Measures to Boost Privatization Pace
The State Capital Investment Corp. (SCIC), which manages state capital in join stock companies in Vietnam, is accelerating the stake divestment in those enterprises as a move to speed up the slow privatization pace in the country, a senior official said.
Le Song Lai deputy general director of the SCIC said the move is aimed to reach the target of withdrawing state capital in 272 enterprises in 2009.
The SCIC will ask eligible enterprises to speed up their listing process on the stock market; and urge others for corporate value appraisal to conduct their share sales, Lai noted.
Earlier, the corporation has submitted a plan to the Ministry of Finance to change share selling method, both via auctions and negotiations to prevent cumbersome procedures.
With the hot growth of the stock market and better outlook the national economy, the SCIC expects to sell shares in 200 firms in the second half of this year. (Stock Investment)
Vietnamese
