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Vietnam Today

Government again pushes SOE equitization

Released at: 15:13, 08/09/2015

Government again pushes SOE equitization

Focus required on addressing obstacles so process moves ahead on schedule.

by Tien Minh

The Office of the Government has requested ministries and government and provincial agencies expeditiously complete mechanisms and policies on the restructuring of State-owned enterprises, following a recent resolution from the regular government meeting.

Related ministries have been requested to quickly resolve issues in the SOE equitization process and complete the guidelines for the new Corporate Law, Investment Law, and Law on Investment of State Capital in Enterprises.

The government seeks a focus on implementing effective solutions to guarantee SOE equitization proceeds on schedule this year. It also requested further appraisal and additional equitization of agriculture and forestry SOEs that have the potential to be converted into joint stock companies.

It assigned the Ministry of Finance (MoF) to review, classify and prepare a list of SOEs that need to divest from the fields of real estate, insurance, securities, and others, and to report to Prime Minister Nguyen Tan Dung no later than the end of this month.

The government also assigned the Steering Committee for Enterprise Restructuring and Development to strengthen inspections and push and monitor the implementation of the equitization process. The Steering Committee must report on obstacles and difficulties to appropriate authorities for handling.

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