The figure was released on December 27 at a meeting on reviewing the restructure of State-owned enterprises (SOEs) in 2014 and proposing tasks and solutions for 2015.

According to the Steering Board for SOE Renovation and Development, as many as 167 SOEs were re-organized in 2014, 1.65 times higher than the previous year.

Besides, three SOEs were dissolved; three sold; 14 ones merged and three declared bankruptcy.

SOEs withdrew more than VND6,000 billion invested in 233 enterprises operating in areas out of their core business lines, six times higher than in 2013.

Speaking at the meeting, Deputy PM Vu Van Ninh required that SOEs continue to focus on privatization and withdrawing State capital from non-core business areas in 2015, striving to fulfill the plan to re-organize and renovate businesses.

He proposed completing related policies to increase the capacity of management and supervision of the SOEs.

By Thuy Dung