Prime Minister Nguyen Xuan Phuc at the event (Source: VNA) Hanoi (VNA) –Prime Minister Nguyen Xuan Phuc has asked for the clarification ofresponsibilities of organisations and individuals in delaying the equitisationof state-owned enterprises (SOEs).
During a meeting in Hanoi on November 21, PMPhuc said SOEs working in seaports, airports, electricity, nationaldefence-security, telecommunications, rubber, and oil and gas, as well as fourmajor State-run banks will be not subject to equitisation.
The number of SOEs has been reduced from over12,000 to below 600 so far, contributing to stabilising the macro-economy andincreasing revenues to the State budget.
Attributing corruption and negative behaviour incorporations, ministries, agencies, and localities to lax state management, heasked executives of SOEs and corporations to renew operations and seriouslyabide by the law.
The restructuring, equitisation and divestmentof SOEs should be open, transparent and in accordance with market principles,he said.
Ministries and agencies were required to collectfeedback from SOEs and corporations and submit amendments to regulations onevaluating the values of land-use rights; equitised businesses; divestment;equitisation; financial management; salaries; business registration; and therights and responsibilities of corporate leaders, equity owners, and statemanagement agencies.
Delayed divestment cases will be transferred tothe State Capital Investment Corporation before the end of this year.
The PM assigned the Ministry of Finance and the GovernmentOffice to acquire suggestions at the event to refine the draft directive onaccelerating the restructuring and renewal of SOEs, equitisation, anddivestment to submit to him for consideration.
According to the plan approved by the PM, atleast 85 SOEs must complete equitisation this year. However, only 12 of them wereequitised as of November 18, 2018.
Only 31 units have conducted divestment activities,compared to the targeted 135 for 2017 and 181 for 2018.
Meanwhile, only 35 out of the526 SOEs had their restructuring plans approved by authorities as of the lateNovember. –VNA
During a meeting in Hanoi on November 21, PMPhuc said SOEs working in seaports, airports, electricity, nationaldefence-security, telecommunications, rubber, and oil and gas, as well as fourmajor State-run banks will be not subject to equitisation.
The number of SOEs has been reduced from over12,000 to below 600 so far, contributing to stabilising the macro-economy andincreasing revenues to the State budget.
Attributing corruption and negative behaviour incorporations, ministries, agencies, and localities to lax state management, heasked executives of SOEs and corporations to renew operations and seriouslyabide by the law.
The restructuring, equitisation and divestmentof SOEs should be open, transparent and in accordance with market principles,he said.
Ministries and agencies were required to collectfeedback from SOEs and corporations and submit amendments to regulations onevaluating the values of land-use rights; equitised businesses; divestment;equitisation; financial management; salaries; business registration; and therights and responsibilities of corporate leaders, equity owners, and statemanagement agencies.
Delayed divestment cases will be transferred tothe State Capital Investment Corporation before the end of this year.
The PM assigned the Ministry of Finance and the GovernmentOffice to acquire suggestions at the event to refine the draft directive onaccelerating the restructuring and renewal of SOEs, equitisation, anddivestment to submit to him for consideration.
According to the plan approved by the PM, atleast 85 SOEs must complete equitisation this year. However, only 12 of them wereequitised as of November 18, 2018.
Only 31 units have conducted divestment activities,compared to the targeted 135 for 2017 and 181 for 2018.
Meanwhile, only 35 out of the526 SOEs had their restructuring plans approved by authorities as of the lateNovember. –VNA
VNA
