11 July 2017

Deputy PM chairs meeting on SOEs restructuring

Deputy Prime Minister Vuong Dinh Hue chairs the event (Source: VNA)


Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a meeting in Hanoi
on July 11 to review the restructuring of State-owned enterprises (SOEs) in the
first half and launch tasks for the remaining months this year. 

Speaking
at the event, Hue, who is also head of the Steering Committee on Corporate Renovation
and Development, hailed ministries, agencies and localities for improving
openness and transparency in the effort.

However,
he also admitted that SOEs equitisation still meets difficulties regarding land
pricing and responsibilities of State asset managers.

He
made it clear that the government will consider responsibility of leaders who
are yet to fulfill tasks involving SOEs equitisation and divestment.

The
Deputy PM asked ministries and agencies concerned to amend and supplement
Decree 59/2011.ND-CP on converting SOEs into stock companies. In July, the
Ministry of Planning and Investment (MoPI) was assigned to make a list of SOEs
which conduct divestment from 2017-2020.

The
MoPI and Finance Ministry must also amend and supplement Decree 91/2015/ND-CP
on pouring State investment into businesses and the use and management of
corporate assets and capital.

Deputy
Chairman of the Government Office and deputy head of the steering committee Le
Manh Ha said six out of 137 SOEs have so far completed equitisation for the
2017-2020 period.

As
of the second quarter, 22 SOEs sold State capital worth more than 11,589
billion VND (503.8 million USD), or 314.11 percent from last year’s same
period. Up to 11 out of 12 SOEs have been listed.

The
Finance Ministry reported that 730 firms under 84 corporations, 17 ministries
and 53 localities are yet to apply for listing or list on the stock exchange.

The
PM has approved a scheme on improving the efficiency of agro-forestry
enterprises under 40 localities, a ministry, a corporation and four State
companies for the 2016-2020 period.

Deputy
Minister of Industry and Trade Do Thang Hai said the ministry’s major
businesses are devising equitisation plans to submit to the PM for
approval.-VNA



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