Soes

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.

Ineffective State-owned enterprises should be privatized and leave the playground for others to step in.

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

The seven major areas include finance, banking, and aviation industries.

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.

At present, the level of efficiency in SOEs operation still remain modest and disproportionate to the amount of state capital under their disposal.

As industry leaders, state enterprises are responsible for forming value chains and promoting innovation in their respective sectors by mobilizing the participation of enterprises from various economic components.

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

In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.