HANOI, Sept. 28 (Xinhua) -- Vietnam reaped 15,998 billion Vietnamese dong (nearly 708 million U.S. dollars) through state divestment from state-owned enterprises in the first nine months of this year, the country's Department of Entrepreneurial Finance said Thursday.
Of the money, 105 billion Vietnamese dong (4.6 million U.S. dollars) came from divestment from stock, insurance, finance and banking, real estates and investment fund.
Vietnam has set targets of conducting divestment in 135 state-owned enterprises in 2017, 181 in 2018, 62 in 2019 and 28 in 2020.
Between January and September, 34 state-owned enterprises with combined charter capital of 25,873 billion Vietnamese dong (over 1.1 billion U.S. dollars) were approved for equitization, said the department under the Finance Ministry.
Some major state-owned groups and corporations, which are speeding up process of equitizating themselves or their affiliates, include the Vietnam Rubber Group, the Southern Food Corporation, and PetroVietnam Oil Corporation.
The Department of Entrepreneurial Finance has proposed the Vietnamese government to ask the Ministry of Industry and Trade to accelerate the sales of state capital in Vietnam's two biggest brewers, Sabeco and Habeco.
Vietnam is poised to complete equitization of 44 state-owned enterprises this year, 64 next year, 18 in 2019 and one in 2020.
Last year, 56 state-owned enterprises were approved for equitization with total value of 34 trillion Vietnamese dong (over 1.5 billion U.S. dollars), of which the state capital stood at 24.4 trillion Vietnamese dong (nearly 1.1 billion U.S. dollars).
