Auction of SOE Shares

Vice-Minister of Finance, Mr Tran Xuan Ha has recently signed a decision on auction regulations regarding shares of State-owned enterprises (SOEs).

According to the Decision, SOEs to be auctioned are those with financial issues settled by existing State regulations, The auction will be in compliance with Decision 330 of 2005 by the Prime Minister ensuring equality, transparency and accountability. Participants including local and foreign investors, as well as overseas Vietnamese, must open accounts at the banks and other payment service organizations operating in Vietnam.

All auction activities of SOEs must be through those banking accounts and in compliance with Vietnamese laws. Those involved in the evaluation of the enterprises and the auction consulting organizations are not allowed to participate in the auction.
P.V