According to the Ministry of Finance, after 9 months of 2017, state-owned divestments brought in nearly VND16 trillion (US$704 million), of which the largest amount that is from the divestment of SCIC at Vinamilk is VND11,186 billion (US$492 million).
34 enterprises were approved for equitization including some large enterprises such as Becamex (Investment and Industrial Development Corporation), Song Da Corporation and Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).
The total value of these enterprises was VND80,636 billion (more than US$3.5 billion).
In large state corporations such as Vietnam Rubber Group or Vietnam Southern Food Corporation, the equitization process has been strengthened.
However, according to the Ministry of Finance, the equitization and divestment of state corporations did not reach the schedule due to a number of reasons such as large scale of operation, financial complexity or the participation of many big investors.
In addition, a number of the state enterprises' leaders were still hesitant and afraid of taking responsibility during the implementation process of equitization and divestment.
