Gov’t asks for specific equitization and capital withdrawal plans

March 07, 2014 | 14:40

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The Government has issued Resolution 15/NQ-CP on measures to speed up equitization and withdrawal of State capital from enterprises.

Equitization plans must include progress and deadlines

>>SOEs restructuring must make progress in 2014

Accordingly, the relevant agencies have to direct enterprises under their management to design equitization plans which include the progress and deadlines.

State-owned enterprises (SOEs) must have to develop plans for withdrawal of State capital invested in non-core business fields.

The above plans must be submitted to competent agencies for approval, according to the resolution.

In case State’s economic corporations and groups fail to carry out these plans once they are approved, members’ Councils and leaders of these economic corporations and groups have to report clearly the reasons and responsibilities of relevant stakeholders to competent agencies.

Ministers, heads of Ministerial-level agencies and Chairmen of the People’s Committees of provinces and centrally-governed cities are also responsible for the implementation progress.

This resolution was adopted one week after PM Nguyen Tan Dung called for faster restructuring of the State-owned enterprises (SOEs) while presiding over the Government’s monthly meeting.

He urged the inferior levels to focus on equitization and withdrawal of State capital from non-core business fields.

There must be positive changes in restructuring SOEs in 2014, the Government chief ordered.

VGP

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