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PM asks for faster SOEs restructuring

VGP – The PM has recently released a direction which requests ministries, ministerial-level agencies, provincial and municipal People’s Committees, economic groups and general corporations to speed up the restructuring of State-owned enterprises (SOEs).

March 16, 2014 10:20 AM GMT+7

Illustration photo

The PM tasked the Ministry of Finance (MoF) to present a draft decision in April to realize Resolution 15/NQ-CP on measures to speed up equitization and withdrawal of State capital from enterprises.

The Ministry of Planning and Investment (MoPI) is in charge of presenting a draft decree to amend and supplement the regulations on the sale and transfer of SOEs.

In the second quarter, the MoPI would have to report the PM about the implementation of Government’s  Decree 99/2012/ND-CP, dated November 15, 2012 on assignment, decentralization of the implementation of the rights, responsibilities and obligations of state owner for the SOEs and state capital invested in enterprises.

The PM also asked the Ministry of Home Affairs to present a draft decree on key titles in wholly State-owned companies and companies with at least a 50% stake owned by the State and a project on competitive examination and time-limit labor contracts in connection with production and business performance for general directors in wholly State-owned companies.

The Ministry of Labor, Invalids and Social Affairs is responsible for reporting the implementation of wage mechanisms on key positions in SOEs.

The PM asked ministries, agencies, localities and SOEs to drastically speed up the restructuring of SOEs and withdrawal of State capital from enterprises.  

Ministers, Chairmen of People’s Committees, and Chairmen of SOEs bear administrative responsibilities for poor performance of restructuring and withdrawal of State capital./.

By Huong Giang