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Gov’t speeds up capital withdrawal in SOEs

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Source: Pano feed

VGP – The PM has signed a decision on withdrawing capital, selling the State’s stakes, and conducting initial public offerings (IPOs) for State-owned enterprises (SOEs).


Illustration photo

Illustration photo



The decision comes up with some regulations on capital withdrawal in non-core businesses in the SOEs where the State holds 100% of capital.



The process of capital withdrawal must be conducted to preserve State capital at the highest level.


The capital withdrawal under face value must minimize investment losses and ensure the State’s capital.


Under the new decision, in the areas of insurance and banking, enterprises suggested the State Capital Investment Corporation (SCIC) purchase stocks./.


By Kim Loan




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