Privatization

A list of State-owned enterprises (SOEs) subject to privatization in the 2021-2025 period is expected to be submitted to the Prime Minister in this fourth quarter.

A legal framework for restructuring state-owned enterprises (SOEs) in the 2021-25 period is expected to speed up the process.

All factors are pointing to a positive prospect of Vietnam’s stock market by the end of this year.

During the 2016-2020 period, only 39 were sold on the Government's list of 128 must-be-privatized SOEs in 2020, meeting just 30% of the target.

This would be the first step for Vietnam’s state firms to list shares on international stock exchanges.

Some large state-owned enterprises are facing difficulties in business valuation, mainly due to complicated financial situations.

Vinacomin’s main objective is to ensure sufficient supply of coal to meet market demand for consumption and electricity production, Deputy Prime Minister Trinh Dinh Dung has said.

The company sets a revenue target of over VND35 trillion (US$1.5 billion) in 2021, up 7% year-on-year, and pre-tax profit of VND2.3 trillion (US$99 million), or an increase of 13%.

Equitisation and divestment from SOEs have not reached the Government’s targets.

The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy.