SOE equitization to be speeded up in 2011

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As many as 144 state-owned enterprises (SOEs) went through equitization last year and the process will be speeded up in 2011, a Finance Ministry report says.

In 2009, 67 SOEs companies completed their share sales, a process known as equitization in Vietnam.

According to the ministry, 3,944 companies have been equitized and 261 others transformed into one-member limited companies so far.

Speaking at a press conference last week, Deputy Prime Minister Nguyen Sinh Hung said speeding up the equitization process of SOEs is an important task for 2011 as well as the next four years.

He had said in a National Assembly meeting last June that the equitization program in Vietnam had been slow because the government didn't want to sell shares at low prices.

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