'Sell hotels and golden land to save the budget' 0
Metropole is also an asset that VAFI believes should be sold to generate more revenue for the budget.
According to VAFI, the budget will collect over 5 billion USD if it focuses on selling state shares in enterprises and companies that have equitized their business effectively such as Mobifone, Viettel, Saigon Beer, Hanoi Beer, Vinamilk… Hiep
This solution also helps prevent the risk of state assets losing value when `at some point`, businesses fall into difficult situations and their business is no longer effective.
To expand the national budget, VAFI believes that it should boldly sell valuable real estate in the center of Ho Chi Minh City and Hanoi to build an inner-city tram line, quickly solving traffic congestion.
This association also added that the above projects should not be equitized but auctioned off all assets to an investor to collect money for the budget.
VAFI’s third proposal is to use technical solutions to quickly transform large economic corporations and state-owned enterprises with effective business into joint stock companies with 3 shareholders: the state, the union, and the party committee.
Not only that, this Association continues to offer solutions on gold business activities.
VAFI’s fifth recommendation focuses on the stock market.
