Ho Chi Minh City is exerting every effort to fulfil State-owned enterprise (SOE) equitisation goals during 2019-2020 as regulated in a plan to rearrange and reform SOEs approved by the Prime Minister.

According to the municipal People’s Committee, the city has 39 SOEs set to be equitised in the 2016-2020 period.

Vice Chairman of the committee Le Thanh Liem said that right in 2016, the committee made a plan on the issue to submit to the municipal Party Committee for approval.

Under the plan, the city expects to equitise 32 out of 39 SOEs in 2019, while the equitisation of the remaining will be conducted next year.

Liem stated that the People’s Committee will focus on increasing the efficiency of State management over local SOEs, and reviewing policies related to SOEs, and state capital and asset management.

To effectively use revenue from equitisation and State divestment for development, the city will implement measures related to SOE rearrangement and equitisation drastically and synchronously, he added.