PM asks for faster SOEs reshuffle

VGP – PM Nguyen Xuan Phuc has issued an instruction to speed up rearrangement and renovation of State-owned enterprises (SOEs) in the 2016-2020 period.
The Government chief tasked the Ministry of Finance in Q1 to provide draft decrees which replace Decree 59/2011/ND-CP, dated July 18, 2011; Decree 189/2013/ND-CP, dated November 20, 2013; Decree 116/2015/ND-CP, dated November 11, 2015 on transformation of enterprises with 100% state capital into joint-stock companies.

In Q2, 2017, the Ministry of Finance will be in charge of submitting new decrees to amend and supplement the Government’s Decree 91/2015/ND-CP, dated October 13, 2015 on management of use of state capital investment and assets in enterprises.  

The Ministry of Planning and Investment was assigned to submit a project on establishment of agencies which will function as representative owners for SOEs and State capital; present criteria on classification of public units of ministries, sectors, localities, economic groups, and State general corporations.

In the second quarter, relevant ministries and agencies were assigned to amend and supplement regulations on SOEs in line with the Law on Enterprises, the Law on Investment, the Law on Management and Use of State Capital Invested in Production and Business at Enterprises.

Crafting business strategies for SOEs

The PM asked ministries, agencies, localities, economic groups, and State corporations to consider SOEs rearrangement and equitization as a central political task in socio-economic development.

Ministries, agencies, localities, economic groups, and State corporation were asked to apply appropriate mechanisms to attract competent strategic investors; cut State ownership proportions and renew business administration; build business strategies for every SOE; and evaluate trademark value for SOEs during the equtization process./.

By Kim Anh

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