State-owned enterprises gear up for equitisation

Big names set for equitisation include the Vietnam Rubber Group (VRG), Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Power Company (PV Power) and PetroVietnam Oil Corporation (PV Oil).

Revenue collected from the state's divestment will be transferred to a fund managed by the Ministry of Finance to serve other socio-economic development purposes.

As of December 20th, approval has been granted for divestment plans of 21 enterprises, nearly half of the set plan.