State-owned enterprise shares linked to the stock market

(Baonghean.vn) - The arrangement and equitization of State-owned enterprises is a key task, in which linking equitization with stock market development is one of the important mechanisms and policies to implement the Government's restructuring of State-owned enterprises in the 2016-2020 period.

The Government's requirement when equitizing state-owned enterprises must be linked to the stock market. Mr. Document

According to the Department of Corporate Finance (Ministry of Finance), in the period 2011-2015, the whole country has restructured 591 State-owned enterprises (SOEs), of which 499 were equitized, reaching 96% of the planned number, in the first 10 months of 2016 alone, 48 SOEs were equitized. Up to now, 5,950 enterprises have been restructured, of which 4,460 were equitized, as of the end of October 2016, there are 718 SOEs that need to be equitized. The task of equitization and restructuring of SOEs in the period 2016-2020 is to continue to perfect institutions, operating policy mechanisms, and promote the restructuring of SOEs, focusing on economic groups and State-owned corporations.

To carry out the task of equitization and restructuring of state-owned enterprises in the 2016-2020 period and linking auctions with registration, depository, and trading registration on the stock market, on June 30, 2016, the Ministry of Finance issued Circular No. 115/2016/TT-BTC, guiding the initial sale of shares and the management and use of proceeds from the equitization of 100% state-owned enterprises. Accordingly, when an equitized enterprise conducts an initial public offering (IPO) through the Stock Exchange, it must simultaneously register and deposit shares on the VSD and register for trading on the UPCoM floor.

A conference related to the equitization of state-owned enterprises in Hanoi

Along with Circular No. 115/2016/TT-BTC, last November, the Government signed and issued Decree 145/2016/ND-CP, amending and supplementing Decree 108/2013/ND-CP regulating administrative sanctions in the field of securities and the securities market. Decree 145 has a number of adjustments to meet new regulations on derivative securities (CKPS) and the CKPS market, related Laws, supplementing sanctions on anti-money laundering, insider trading and resolving problems arising in handling administrative violations.

The most notable point of Decree 145 is the regulation on penalties for violations of regulations on listing and trading registration. Accordingly, the act of not registering for trading or listing securities or registering for trading or listing securities after the deadline will be fined from 10 million VND to 400 million VND.

Red River