Gov't keeps minimum ownership of 65% in major areas
The seven major areas include finance, banking, and aviation industries.
The Government will keep at least 65% stake in State-owned enterprises (SOEs) in seven sectors, including the finance, banking, and aviation industries after completing privatization or divestment of State capital.
|Customers at BIDV. Photo: Quoc Viet|
The information was revealed in the Government’s decision No.22/2021/QD-TTg stipulating criteria for the classification of SOEs subject for privatization and divestment in the 2021-2025 period.
The decision is applied for airport management; air navigation services; seaport management; large-scale natural resources extraction; cartoon production for children; finance, banking (excluding insurance, securities, fund management, financial and financial leasing companies); and wholesale of essential food.
The State will hold from 50-65% stake at water purification and provision; basic chemical production; air transportation; petroleum distributors with at least 30% of market share; and others.
Sectors and fields subject to wholly owned by the State are survey and mapping for purpose of national security; production and distribution of industrial explosives and explosive precursors; national grid management and distribution; lottery; gold bar production and money printing; and debt solving.
The decision is set to take place from August 19.
- Agritech, Greentech, Deeptech and Foodtech - foreign funds interests in Vietnam
- New businesses formation hits record high in H1
- Vietnam's GDP in 2Q hits decade-high
- Vietnam to draft national action plan for circular economy adaptation
- Vietnamese Goods and Gastronomy Week underway in the UK
- Vietnam – Germany, dynamic duo for energy transition: GIZ
- VCCI proposes to scrap excise tax on petrol
- Hanoi hosts launching of national cybersecurity incident coordination platform
- Hanoi determined to become an engine for the nation’s prosperity
- Vietnam eyes stronger trade and investment cooperation with India
Vietnam-UK target US$10-billion trade turnover by 2023
“Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
Some 155 Vietnamese athletes to partake in ASEAN Para Games 2022
UK multinationals pledge long-term presence in Vietnam
Australian Foreign Minister enjoys Pho ga in Hanoi
Hanoi GRDP growth hits 7.79% in first half
Hanoi selects final design of Tran Hung Dao Bridge
Fiercer storms forecast to hit Vietnam towards year-end
Bun cha listed in the British Queen's Platinum Jubilee Cookbook