State-owned Companies to Equitize by 2010

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Jun. 24 – State-owned companies in the country will be shifted into a limited liability or joint stock companies under Enterprise Law by July 2010, said the Vietnamese Prime Minister Nguyen Tan Dung

According to the new directive, state-owned companies will be evaluated based on its geographic location, brand name and potential.
The directive adds that companies to be equitized should also be instructed by authorized agencies to make a land-use plan that suits its business operation before getting the approval for its equitization scheme, reports Xinhua.

Qualified state-owned companies must submit their application to the Prime Minister for approval by the third quarter of this year.

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