Vietnam plans to speed up its privatisation program by selling stakes in nearly 100 state-owned firms by the end of 2020, including Agribank.

The Southeast Asian country has been selling stakes in state firms in recent years to improve their performance and to fill the government's coffers.

The government now plans to sell stakes in 93 firms by the end of next year, it said in a statement.

They will include up to 35 per cent stakes in Agribank, formally known as the Vietnam Bank for Agriculture and Rural Development, as well as in Vietnam National Coal-Mineral Industries Holding Corp, the country's largest coal miner, and in Vietnam Northern Food Corp.

Agribank, which has total assets of nearly $A82 billion, said last week it expects pretax profit of 10 trillion dong ($A632 million) this year, up 32.9 per cent from last year.

The government said it will also sell up to 50 per cent stakes in mobile telecom carrier MobiFone and as well as in Vietnam Posts and Telecommunications Group and Vietnam National Chemical Group.

It also plans to sell up to 100 per cent of Vietnam Paper Corp. by the end of next year and two power-generating units of Vietnam Electricity Group, it said.

Reuters - August 16, 2019