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.
Deputy Prime Minister Vuong Dinh Hue chairs the event (Source: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a meeting in Hanoion July 11 to review the restructuring of State-owned enterprises (SOEs) in thefirst half and launch tasks for the remaining months this year.
Speakingat the event, Hue, who is also head of the Steering Committee on Corporate Renovationand Development, hailed ministries, agencies and localities for improvingopenness and transparency in the effort.
However,he also admitted that SOEs equitisation still meets difficulties regarding landpricing and responsibilities of State asset managers.
Hemade it clear that the government will consider responsibility of leaders whoare yet to fulfill tasks involving SOEs equitisation and divestment.
TheDeputy PM asked ministries and agencies concerned to amend and supplementDecree 59/2011.ND-CP on converting SOEs into stock companies. In July, theMinistry of Planning and Investment (MoPI) was assigned to make a list of SOEswhich conduct divestment from 2017-2020.
TheMoPI and Finance Ministry must also amend and supplement Decree 91/2015/ND-CPon pouring State investment into businesses and the use and management ofcorporate assets and capital.
DeputyChairman of the Government Office and deputy head of the steering committee LeManh Ha said six out of 137 SOEs have so far completed equitisation for the2017-2020 period.
Asof the second quarter, 22 SOEs sold State capital worth more than 11,589billion VND (503.8 million USD), or 314.11 percent from last year’s sameperiod. Up to 11 out of 12 SOEs have been listed.
TheFinance Ministry reported that 730 firms under 84 corporations, 17 ministriesand 53 localities are yet to apply for listing or list on the stock exchange.
ThePM has approved a scheme on improving the efficiency of agro-forestryenterprises under 40 localities, a ministry, a corporation and four Statecompanies for the 2016-2020 period.
DeputyMinister of Industry and Trade Do Thang Hai said the ministry’s majorbusinesses are devising equitisation plans to submit to the PM forapproval.-VNA
Prime Minister Nguyen Tan Dung has requested drastic actions to restructure State-owned enterprises (SOEs), with a focus on equitisation and withdrawal of State capital from non-core business lines.
As of March 24, 289 SOEs on the waiting list of equitisation already established Steering Boards in charge of the process. Up to 207 of them were evaluating their assets while 81 others planned to announce their worth.
The Public Finance Partnership Group (PFPG) convened a high-level dialogue in Hanoi on July 23, focusing on its 2015-2016 activities to improve the restructuring of State-owned enterprises (SOEs) and reforms of taxation and customs procedures.
As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.
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Deputy Prime Minister Vuong Dinh Hue chairs the event (Source: VNA) 
