Government to keep 65 pct stake in banks, airport operators

By Anh Minh July 7, 2021 | 06:41 pm PT

An aircraft of Vietnam Airlines lands at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

The government will retain a minimum ownership of 65 percent in state-owned banks and airport operators that privatize from now through 2025.

It will keep a similar rate in large mining companies.

The rates will be 50-65 percent in airlines and water utilities, basic chemical production and fuel importing companies.

But companies that have a bearing on national security, such as landmine producers and map makers, will not be privatized.

Others where it will continue to own 100 percent are power transmission and national grid management, currency printing and gold bullion production.