Of the remaining SOEs, 127 enterprises are in the process of assessing their value and 44 others have recently published their value.
In the first half of 2015, only two SOEs were sold, one was dissolved, one was merged and three were converted into limited liability companies with two members.
In addition to slow equitisation, divestment from non-core businesses was also below expectation. Around VND3.3 trillion out of VND22.3 trillion was divested from five sensitive sectors of the economy - real estate, securities, insurance, banking and finance - equivalent to 15% of the year's plan.
According to the Steering Committee, strong determination and the great efforts of all ministries, sectors and SOEs are required to fulfil the set targets for the second half of this year as there remain 228 SOEs to be equitised, not including a list of an additional 125 SOEs approved by the government to be equitised this year.
In the meantime, the promulgation of policies and mechanism related to SOEs restructuring was very slow. Seven draft Decrees, decisions and projects (accounting for 63% of the year's plan) have yet to be submitted to the government for approval.
Several draft documents stipulating important provisions have not been issued such as the provision on publishing information of one member limited companies wholly held by the State, and the provision on State investment in businesses among others.
