Meeting discusses amendments to decrees on SOE equitisation
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.
Deputy Prime Minister Truong Hoa Binh chairs the meeting in Hanoi on August 10 (Photo: VNA)
Hanoi (VNA) - Deputy Prime Minister TruongHoa Binh chaired a meeting on August 10 to review draft decrees that amend andsupplement a number of Government decrees on equitising State-owned enterprises(SOEs) and divesting State capital from businesses.
To clear legal barriers and speed up the equitisationand divestment processes, the Government and Prime Minister assigned theMinistry of Finance to draft decrees amending and supplementing GovernmentDecrees No 126/2017/ND-CP, 91/2015/ND-CP, and 32/2018/ND-CP.
At the meeting, the Ministry of Finance proposedmeasures for land rearrangement and use during the SOE equitisation anddiscussed State capital divestment at enterprises with demand for increasing theircapital.
It also suggested clarifying cultural and historicalvalues in the initial price transfer of State capital, among other issues.
Binh directed the ministry to continue examining andadjusting the decrees to tackle obstacles related to financial mechanisms andpolicies.
Changes must be in line with the law on the managementand use of public assets, he said, stressing that SOEs work with localauthorities to set prices for public assets or return them to localities inline with the law, in the spirit of not letting assets on land go to waste.
Ninety-three SOEs must complete their equitisation bythe end of this year under Decision No 26/2019/QD-TTg issued by Prime MinisterNguyen Xuan Phuc in August 2019. Thirty-eight are based in HCM City and 13 inHanoi./.
Regulatory overlapping was the biggest problem at State-owned enterprises (SOEs) since they were handed over to the Commission for the Management of State Capital at Enterprises, officials have said.
As issues related to land use rights still hinder State-owned enterprises (SOEs) from executing equitisation on time, the finance ministry has built a draft to amend the current decree regulating land issues.
The equitisation of State-owned businesses from 2016-2019 fell behind schedule, putting heavier pressure on this year, according to the Ministry of Finance.
The Ministry of Finance has raised a number of measures to accelerate the equitisation of State-owned enterprises (SOEs) since the process made no improvements recently.
Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.
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Deputy Prime Minister Truong Hoa Binh chairs the meeting in Hanoi on August 10 (Photo: VNA) 
