Plans for restructuring SOEs must be finalized in first quarter
VGP – Deputy Prime Minister Ho Duc Phoc has requests ministries, agencies and localities to finalize plans for restructuring their State-owned enterprises (SOEs) in the first quarter of 2025.
Deputy Prime Minister Ho Duc Phoc (standing) presides over a meeting to review the progress of restructuring and re-arranging SOEs for 2021-2026 period, Ha Noi, January 3, 2025. Photo: VGP
Ho made the request while addressing a meeting to review the progress of restructuring and re-arranging SOEs for 2021-2026 period, in Ha Noi on Friday.
The Government currently invests capital in 667 SOEs, of which 117 SOEs have their restructuring plans approved by competent authorities, accounting for 17 percent of the total number of SOEs.
The State has poured VND1,752,736 billion in the SOEs whose revenues reached VND2,761,271 billion in 2023, an increase of one percent compared to 2022, according to the Ministry of Finance.
Following the recent dissolution of the Committee for Management of State Capital at Enterprises (CMSC), the right to management of SOEs has been transferred to different ministries and agencies.
The Deputy Prime Minister also requested ministries and agencies to conduct thorough review of the implementation of the Resolution No. 12-NQ/TW issued by the 12th Party Central Committee on continuing to restructure, innovate and enhance the efficiency of SOEs.
He urged ministries and agencies to mull over amendments and supplementation to SOEs-related regulations, especially those relating to management and use of state capital at enterprises./.
