Deputy PM urges equitisation of State-owned businesses

Friday, 2017-12-01 10:23:37
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Deputy PM Hue speaks at the meeting. (Photo: VGP)
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NDO - The renovation and development of State-run enterprises should be accelerated in a more practical manner with the focus on accelerating equitisation and avoiding capital losses.

Deputy Prime Minister Vuong Dinh Hue made the statement at a recent meeting of the Steering Committee for Business Renovation and Development, in Hanoi, on November 30.

Speaking at the meeting, Deputy PM Hue requested that the ministries, localities, economic groups and State companies continue to implement the resolutions of the Party, Politburo, and National Assembly, as well as the directions outlined by the Government and the Prime Minister on State-run firms.

The Deputy PM urged them to revise, supplement and finalise the legal documents on equitisation and the sale of State capital.

The Steering Committee for Business Renovation and Development should continue to be responsible for inspecting the arrangement, renovation and development of State business operations, he added.

According to the report of the Steering Committee, during the January-November period, ministries, branches and localities have equitised 21 SoEs, including four corporations: Song Da, IDICO, Becamex Binh Duong, Thanh Le Binh Duong. As many as 55 SoEs are scheduled to be equitised in 2017, equal to the number of equitised enterprises in 2016.