April 19, 2017 | 20:36 (GMT+7)
Deputy PM meets BNP Paribas executives over equitization
Deputy Prime Minister (PM) Vuong Dinh Hue and ministry and sector leaders had a working session with the managing board of the Paris-based BNP Paribas bank on equitization and divestment in Hanoi on April 18.
Head of BNP Paribas for the Asia-Pacific region Christian De Charnace said his bank has participated in consulting many privatization deals of State-owned enterprises in France and is the consultant for Vietnamese low-budget Vietjet Air’s IPO.
Deputy PM Vuong Dinh Hue (L) shaking hands with Head of BNP Paribas for the Asia-Pacific region Christian De Charnace. Photo: VGP
He gave advice on how to evaluate State-owned enterprises; strategic investors; the role of consultants in State-owned enterprise equitization; classification of shares; among others.
Deputy PM Hue regards the recommendations as significant to the Vietnamese Government in making and refining policies and laws pertaining to equitization and divestment.
He expressed his hope that the bank stands ready to provide consultancy for the Vietnamese Government, ministries, and sectors in related fields.
Up to 96 percent of State-owned enterprises have been equitized, but only 8 percent of State capital was sold to the public, said Hue.