Vietnamese Tiếng Việt | Sunday, April 22, 2018 | Advertise with Us
   
Text Size

Gov’t asks for publishing list of unlisted, equitized SOEs

Share
(0 votes, average 0 out of 5)

Deputy PM Vuong Dinh Hue has tasked the Ministry of Finance and the Government Office to publish the list of 730 equitized State-owed enterprises which have not registered shares trading and listed on stock market.

Gov’t asks for publishing list of unlisted, equitized SOEs, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The list must be available on the Government Web Portal and the ministry’s website, the Deputy PM ordered.

He also asked ministries, agencies, local authorities and members’ councils of economic corporations and groups to direct representatives of the concerned SOEs to list their shares on the stock market within one year since the SOEs first conduct initial public offering in accordance with the Prime Minister’s Directive 04/CT-TTg on the restructuring and renovation of SOEs in the period 2016-2020.

Under the Directive, the SOEs have to list their shares on the stock exchanges within a year after their IPOs.

Analysts say that the delay in listing equitized SOEs will have negative impacts within the companies and also make further equitization less attractive to investors, especially foreign investors, resulting in a loss of income to the State.

Delayed listing of SOEs will also reduce the chance of holding successful IPOs, because the number of investors participating in the auctions will be low, leading to low bidding prices.

The delayed listing will also result in SOEs being unable to transparently show their financial status, and investors will not be keen on investing in firms that whose operations they cannot monitor.

 

 

Source: VGP 

Maybe You Also Interesting :

» Efforts underway to promote Vietnam's stock market

The Vietnam Economic Times interviewed Chairman of the State Securities Commission, Tran Van Dung just prior to the April 16-20 Investment Promotion Conference...

» Real estate market to prosper thanks to stock upswing

The Vietnamese stock market is in the “most optimistic situation in the last 11 years”, according to analysts. 

» Stocks set to rise further after Tết

Việt Nam’s stock market is expected to rise further after the Tet (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic...

Popular News Categories:

- Asia & Asian  |  EU & Russia  |  America & US

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet

Culture & Tourism:

-> About Vietnam  |  Things To Do

-> Destinations  |  Events Calendar

-> Visa Online  |  Flights & Transport

-> Accomodation  |  Tours & Cruise

-> Find more go to Travel.VN...

Login