Deputy Prime Minister Truong Hoa Binh chaired a meeting on August 10 to review draft decrees that amend and supplement a number of Government decrees on equitising State-owned enterprises (SOEs) and divesting State capital from businesses.
Prime Minister Nguyen Xuan Phuc has issued Decision 908/QD-TTg approving the list of State-owned enterprises (SOEs) to implement divestment of State capital in 2020, which comprises 120 enterprises.
Prime Minister Nguyen Xuan Phuc urged better coordination between the Commission for the Management of State Capital at Enterprises (CMSC) and ministries, sectors and corporations at a review conference of the CMSC on January 16.
VOV.VN - As many as 93 out of 127 State-owned enterprises had yet to be equitized by May 2019, accounting for 73 per cent of the total amount.
Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.
The function of the Committee for the Management of State Capital at Enterprises (CMSC) is not trading State capital but to organise and develop State capital, said Deputy Prime Minister Vuong Dinh Hue.
Over 40% of the charter capital of the Infrastructure Development and Construction Corporation (LICOGI) was transferred from the Ministry of Construction to the State Capital Investment Corporation (SCIC) on December 26.
The Ministry of Construction has offered nearly 80.58 million shares of the largest ceramics producer Viglacera in an attempt to offload the State capital in the company.
Lawmakers will focus their attention on the implementation of policies and laws on the management and use of State capital and asset in enterprises and the equitisation of State-owned enterprises during 2011-2016 on May 28 as part of the fifth session of the 14th National Assembly.
A supervision team of the National Assembly (NA) had a working session with representatives of the Government, ministries and sectors on the NA’s draft Report and Resolution on the supervision of management and use of State-owned capital and assets at enterprises and equitisation of State-owned enterprises from 2011 – 2016.
Though advocating the establishment of a super committee to manage state capital in enterprises, economists remain divided on how exactly it should be done.
The committee for management of state capital at enterprises must join hands with relevant agencies to chalk out concrete measures to prevent corruption, losses and waste, said Prime Minister Nguyen Xuan Phuc.
In a bid to more effectively control state capital in enterprises, the government will establish an official committee dedicated to manage it in the first quarter of 2018.
Vietnam's state investor on October 16 said it plans to sell 3.33 percent of Vietnam Dairy Products JSC (Vinamilk) on Nov. 10, without the restrictions that applied to a similar sale last year when only a portion of the offering sold.
Credit institutions in which the State controls over 50% of charter capital will now be subject to assessment, according to a circular drafted by the Ministry of Finance.
Equitisation of State owned enterprises (SOEs) has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard, said an official from the Ministry of Finance.
The Prime Minister has given the green light to the equitisation plan for Song Da Corporation in the form of selling parts of state-owned capital and issuing shares to increase charter capital to VND4.5 trillion (US$198.3 million).
Vietnam urgently needs an effective model for managing State capital at State-owned enterprises (SOEs) to prevent loss and corruption while promoting efficiency in using State capital.
The Ministry of Construction (MoC) plans to finish equitising 16 State-owned enterprises (SOEs) under its management by 2020.
The Ministry of Labour, Invalids and Social Affairs investigated wages in 2,000 businesses with an average of 360 employees in 18 cities and provinces nationwide in 2016, with results indicating an increase from 2015.