Vietnamese Prime Minister Nguyen Tan Dung gave nod to the equitization of the country's two big corporations, the Vietnam Steel Corporation and the Vietnam National Petroleum Corporation, said a report of the government's website on Monday.
Accordingly, the government of Vietnam will hold over 65 percent of registered capital of the Vietnam Steel Corporation while occupying at least
75 percent of registered capital of the Vietnam National Petroleum Corporation. The rest will come from other shareholders.
However, the specific time for the equitization of the two corporations has not been confirmed yet.
The decision goes along with the country's plan on restructuring and equitizing the state-owned companies and corporations to enhance capacity and competitiveness in accordance with the country's process of regional and international economic integration.