Deputy PM urges development of State-run businesses
The renovation and development of State-owned enterprises in 2017 and beyond should be accelerated in a more practical manner, focusing on essential fields such as defence and security.
Hanoi (VNA) – The renovation anddevelopment of State-owned enterprises in 2017 and beyond should be acceleratedin a more practical manner, focusing on essential fields such as defence andsecurity.
Deputy Prime Minister Vuong Dinh Hue made the statementat a recent meeting of the Steering Committee for Business Renovation andDevelopment in Hanoi. He requested ministries, localities,economic groups and State companies to continue implementing resolutions of theParty, Politburo, and National Assembly as well as directions of the Governmentand the Prime Minister on State-run firms.
The Deputy PM urged them to revise, supplementand finalise legal documents on equitisation and sale of State capital, whilespeeding up equitisation and avoiding capital losses.
He called on businesses with poor performance tobe dealt with strictly according to Resolution No.5/NQ-TW issued at the fourthplenum of the 12th Party Central Committee in November 2016.
In the future, it will be necessary to finalisemeasures to handle weak Ministry of Industry and Trade businesses, he said.
The Steering Committee for Business Renovationand Development is responsible for inspecting the arrangement, renovation anddevelopment of State business operations, he added.
The Deputy PM asked the Ministry of Planning andInvestment to coordinate with the Ministry of Finance and Ministry of Justiceto ensure investors implement legal documents on transferring capital withoutcompensation in business contracts, and report to the Prime Minister before May10, 2017.
The steering committee will work with theGovernment Office and relevant agencies to prepare for a meeting between thePrime Minister and business community.
Though 96.5 percent of State-owned Enterprises(SOEs) have been equitised so far, only eight percent of State capital has beensold.
In the first quarter of 2017, the countryequitised eight SOEs.
As of March 25, ten SOEs with combined bookvalue of 71.8 billion VND (3.14 million USD) were equitised, earning the State72.8 billion VND.-VNA
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Illustrative image (Source: VNA) 
