Article 12 of Circular 196/2011 / TT-BTC dated December 26, 2011 of the Ministry of Finance guiding the sale of shares for the first time and management and use of proceeds from equitization of SOEs converted into joint-stock companies stipulating the maximum total amount expenses of equitisation determined according to enterprises value on accounting books that not exceed VND 500 million for enterprises with the value of over VND 100 billion. However, in equitisation of enterprises with large total assets such as EVN's General Electric Corporations with total assets of VND 100,000 billion, the number of affiliated units is many (nearly 10 units), if calculating separately the evaluation package that has the potential to outstrip the maximum expense of equitisation. Please consider adjusting equitisation costs to be more suitable with sizes of the enterprises.
