Accerlerating the process of organization and equitization of the SEOs

Accerlerating the process of organization and equitization of the SEOs. Picture: Internet.

On the basis of the implementation of the work related to the organization, equitization, restructuring of SOEs over time, Prime Minister Vuong Dinh Hue has requested ministries, provincial people’s committees, councils of economic groups, state-owned enterprises themselves base on the Decision No. 58/2016/QD-TTg on December 28, 2016 on the classification criteria for SOEs, enterprises having state capital and the list of SOEs to organize in the period 2016-2020, be proactive, speed up the implementation of the organization, equitizaton of the SOEs under their management and responsibility for the results of the period 2017-2020, ensure the efficiency and avoid looses of the state’s capital and assets.

At the same time, implement drastically, seriously, timely all tasks assigned prescribed by the Decision No. 58/2016/QD-TTG and the Derective No. 04/CT-TTg on February 2, 2017 of the Prime Minister on accerlerating SOE organization, renovation in the period 2016-2020, which will be compeleted these tasks in the 2nd quarter.

In addition, direct the representatives of the State capital shareholding in joint-stock companies under their management to request enterprises to promptly register their transactions and listing on the stock exchange as these companies meet the demands within one year from the first day of share issue under the direction of the Prime Minister prescribed by the Directive No. 04. CT-TTg.

The Deputy Prime Minister has requested the ministries, the provincial people's committees, the members' councils of economic groups and state-owned enterprises to actively implement the plan on reorganization of agriculture and forestry farms under the direction of the Prime Minister and the regulations in the Decree No. 118/2014/ND-CP on December 17, 2014 on the organization, renovation and development, improvement of the agro-forestry companies and laws related. Request agencies, units which have not yet submitted the plan on organizing the agro-forestry companies for submitting promptly their owned plan to the Prime Minister for approval.

Strengthen the management and use of resources obtained from equitization and the sale of state capital for the right purposes and efficiency; speed up the divestment in areas where the State does not need to hold, ensure publicity and transparency in accordance with the provisions of law in order to maximize the interests of the State, change the management and raise the efficiency of enterprises, ontribute to the GDP growth and socio-economic development.

Urgently make the lists of SOEs to organize and equitize (period 2017-2020).

The Deputy Prime Minister has requested ministries, ministerial-level agencies, agencies under the government, provincial people’s committees under Central Government on the the Decision No. 58/2016/QD-TTg on December 28, 2016, urgently make the list of SOEs to organize, equitize in each year (period 2017-2020), including the valuation roadmap for each enterprise to equitize and submit to the Prime Minister for approval in the April 2017 and the 2nd quarter 2017 un accordance with the Directive No. 04/CT-TTg.

The Ministry of Defense, the Ministry of Public Security, the Ministry of Finance, the State Bank urgently plan for SOEs’ organization and renovation under the Ministry of Defense, the Ministry of Public Security, the Debt and Asset Trading Corporation, Vietnam Asset Management Company to submit to the Prime Minister for reviewing and making decision in accordance with the Clause 2, Article 3 of the Decision No. 58/2016/QD-TTg on December 18, 2016.

Deputy Prime Minister has assigned the Ministry of Planning and Investment to urgently submit to the Prime Minister the criteria for classification of public units and the list of public units of ministries, branches and localities, economic groups, the state owned enterprises to trasform into joint-stock companies; List of enterprises having the state capital to divest in the period 2017-2020.

The Ministry of Planning and Investment chairs and collaborate with other ministries: the Ministry of Finance, the Ministry of Justice, the Ministry of Natural Resources and Environment and other related agencies to review, propose and ensure strictly and comply with law in the performance obligation of the non-refundable transfer of investors in joint venture or business cooperation contracts with Vietnamese enterprises, report to the Prime Minister before May 10, 2017.