100% capital held by State Lottery Enterprise
The Prime Minister has just issued Decision 58/2016/QD-TTg on criteria for classifying state-owned enterprises, enterprises with state capital and the list of state-owned enterprises to be restructured in the 2016-2020 period, along with the list, policies and roadmap for divestment of state-owned enterprises.
The decision clearly states the list of state-owned enterprises to be restructured in the 2016-2020 period, including 240 enterprises.
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The State holds a monopoly in the lottery sector, with 100% ownership of 62 lottery enterprises in the provinces - Photo: Tuoi Tre. |
Of these, 103 state-owned enterprises hold 100% of charter capital; 4 enterprises are equitized, with the state holding over 65% of charter capital; 27 enterprises are equitized, with the state holding over 50% to under 65% of charter capital; 106 enterprises are equitized, with the state holding less than 50% of charter capital.
The Government's policy is to hold 100% of capital in 103 enterprises operating in a number of specific sectors related to national defense and security, public services, money printing and minting, production of gold bars and souvenirs, publishing, etc.
In particular, the State holds a monopoly in the lottery sector, holding 100% of 62 lottery enterprises in the provinces. Although the Vietnam Computerized Lottery Company (Vietlott) has cooperated with a Malaysian partner, it is only allowed to share a percentage of the costs, and the State still intends to hold 100% of the shares here.
In the next 5 years, the State will still hold 100% of the charter capital in 3 zero-dong banks: Global Petroleum Bank (GPBank), Vietnam Construction Bank (VNCB) and Ocean Bank.
The State Bank also owns 100% of the charter capital at the National Printing Factory and the Deposit Insurance of Vietnam. The Vietnam Oil and Gas Group (PVN) and the Vietnam Electricity Group (EVN) continue to be on the list of 100% state-owned charter capital.
Among the four state-owned enterprises that have been equitized and the State holds over 65% of the charter capital, there are the parent company - Vietnam National Coal and Mineral Industries Group (TKV) and the Bank for Agriculture and Rural Development (Agribank), the Oil and Gas Exploration and Production Corporation, and the Minerals One Member Co., Ltd.
The State also decided to divest and only hold 50-65% of charter capital in 27 enterprises in 8 industries and fields. Among them, some typical names are VNPT, Mobifone, Chemical Group, Tobacco Corporation, Coffee Corporation, Northern, Central, Southern Power Corporations or Hanoi Power, Ho Chi Minh City Power, Vinafood 1, Vinafood 2, ...
In particular, 106 enterprises will be subject to large-scale divestment, with the State only holding a ratio of less than 50%.
The list records enterprises operating in unconditional business sectors, in which the state does not need to hold shares.
For example, large enterprises such as Paper Corporation, Shipbuilding Industry Corporation, Multimedia Corporation, Cement Industry Corporation, Housing and Urban Development Corporation (HUD), Vietnam Urban and Industrial Zone Development Corporation (Idico), VTV Cab, VTV Broadcom,...
A series of state-owned companies under the Hanoi People's Committee are also on the divestment list, such as Hanoi Transport Corporation, Hanoi Housing Development and Investment Corporation, Hanoi Tourism Corporation, Hanoi Clean Water, Hanoi Cinema, Hanoi Import-Export and Construction Development Investment Company Limited, Hanoi Urban Environment, Hanoi Trading Corporation, etc.
The divestment list also includes 36 enterprises of Ho Chi Minh City such as: Saigon Construction Corporation, Saigon Trading Corporation, Saigon Jewelry Company - SJC, Saigon Agriculture Corporation, Ben Thanh Corporation, Saigon Tourism Corporation,...
Notably, 4 enterprises belonging to the Vietnam Oil and Gas Group are also on this list, namely Vietnam Oil Corporation, Vietnam Oil and Gas Power Corporation, Binh Son Refining and Petrochemical (BSR) and Dung Quat Shipbuilding Industry (DQS). The 3 enterprises belonging to the Electricity Group are Power Generation Corporations 1, 2, 3…
Previously, according to the report of the Vietnam Development Partnership Forum (VDPF), by the end of 2015, the total value of State capital in 800 enterprises was about 55 billion USD and the total value of assets was about 130 billion USD. Thus, the scale of divestment in the period of 2016-2020 has an actual value of up to tens of billions of USD.
According to Bach Hue/vneconomy
