Ministries to report conditions of State-owned firms in Feb

13-Feb-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Ministries of Finance and Planning-Investment have been told to complete a report on business conditions and performance of State-owned enterprises that will be transferred to the committee for management of state capital at enterprises right this month.

At a meeting of the prime minister’s inspection team on establishment of the committee, deputy prime minister Vuong Dinh Hue assigned specific tasks to the ministries to prepare for the committee’s operation and the transfer of State-owned enterprises to the committee, according to news website Vneconomy.

Hue asked the Ministry of Planning and Investment to work with the Ministries of Home Affairs, Justice, Finance and related ministries to complete the draft decree on functions, duties, rights and structure of the committee and submit it to the government for review and approval.

The Ministries of Transport, Industry and Trade, Agriculture and Rural Development, Information and Communications, Construction, the State Capital Investment Corporation (SCIC) and other ministries were tasked with inspecting and reporting the organisation and staff of enterprises under their management and submitting restructuring plans.

The Steering Committee for Enterprise Reform and Development was asked to report its performance and organisation and make a restructuring plan.

The government had earlier issued Resolution 09/NQ-CP setting up the committee for management of state capital at enterprises.

The committee is a government agency responsible for managing State stakes at enterprises where the State holds 100 percent chartered capital and State investment in joint stock and limited liability companies with two or more members in line with prevailing regulations.

The committee has a legal status, a national seal, and accounts at the State Treasury. It will manage State assets and capital at enterprises totalling VND5,400 trillion (about $238 billion).


Category: Economy, Vietnam

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