27 signed a plan to disburse a 630 million USD loan for the State-owned
enterprise reform and corporate governance facilitation programme.
The loan aims to assist Vietnam in reforming a number of State-owned
enterprises (SOEs) and their affiliated companies, improve corporate
governance via financial restructuring and renewing corporate
operations.
The first sum of 130 million USD will be
re-lent to the Song Da Group, the Southern Waterborne Transport
Corporation and the Debt and Asset Trading Company.
Speaking at the signing ceremony, SBV Governor Nguyen Van Giau said the
ADB’s loan affirms its commitment to supporting the Vietnamese
Government in effectively tapping resources of State-owned enterprises
and enhancing their competitiveness and operations.
The loan will also help Vietnam spur socio-economic development, speed
up hunger eradication and poverty reduction, and improve the quality of
growth.
By the end of 2008, 4,979 SOEs had been
restructured, of which 3,369 were equitised. During 2008-2010 period, an
additional 1,535 small and medium-sized enterprises are planned for
restructuring, including 948 businesses undergoing equitisation./.
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