Working group set up to create state asset management committee

Deputy Prime Minister Vuong Dinh Hue is head of the working group

The other deputy heads include Minister Mai Tien Dung, head of the Government Office; Nguyen Chi Dung, Minister of Planning and Investment; and Dinh Tien Dung, Minister of Finance.

The members of the working group are Nguyen Duy Thang, Deputy Minister of Home Affairs; Le Tien Chau, Deputy Minister of Justice; Cao Quoc Hung, Deputy Minister of Industry and Trade; Dao Minh Tu, Deputy Governor of State Bank of Vietnam; Nguyen Duc Chi, chairman of State Capital Investment Corporation (SCIC); and Hoang Thi Ngan, director of the Government Office's Department of State Administrative Organisation and Public Affairs.

The team supporting the working group consists of nine people, representating the Government Office and relevant government agencies.

The working group provides advisory to the prime minister on the establishment of the Committee on State-Owned Capital Management and will be dissolved after the completion of its task.

This committee is a model outlined by the Ministry of Planning and Investment in the draft decree on the implementation of the rights and responsibilities of the representative agency of the government. This committee will manage the VND5 quadrillion ($220.26 billion) capital and assets owned by the state in various enterprises.

The MPI draft included a list of 30 enterprises where the state’s capital and assets are to be represented by the committee, including nine out of the ten state-owned groups in existence and 21 corporations under the management of seven ministries. Notably, this super committee will manage SCIC.

According to the Ministry of Finance, there are many corporations intending to divest state-owned capital in 2018, such as Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (Habeco), Vinamilk, and other enterprises under the management of SCIC.

Earlier, reporting to the government on state-owned enterprises (SOE) divestment and equitisation, Minister Mai Tien Dung, head of the Government Office, said that divestments in 2017 earned the state VND134.323 trillion ($5.92 billion) in proceeds, reaching 221.1 per cent of the annual plan.

Nguyen Hoang Anh, the would-be chairman of the Committee on State-Owned Capital Management

Nguyen Hoang Anh is the former Secretary of the Cao Bang Party Committee. He was born in 1963 in Haiphong city. He has a PhD in economics.

He has been on the National Assembly Committee for Social Affairs, deputy head of the 11^th National Assembly’s delegation of Haiphong city, deputy chairman of the Central Party Committee’s Economic Commission, Deputy Secretary of the Provincial Party Committee, and Chairman of the Cao Bang People’s Committee.