Gov’t renews criteria for classification of SOEs

Uder the decision, the State shall hold 100% of charter capital in SOEs operating in 13 fields and sectors including mapping services for national defense and security, manufacture and sale of industrial explosives, electricity transmission, national electricity system dispatching, management of electrical grids, construction and operation of major power plants, and national defense and security, lottery business, printing and manufacture of notes and gold bullion and golden souvenir, credits in service of socio-economic development, deposit insurance, bad debt settlement associated with restructuring the system of credit institutions among others.

The State shall hold 65 percent of charter capital in SOEs undergoing privatization and restructuring and operating in seven fields and sectors, including management and operation of airports and airfields, large-scale mining exploitation, finance, banking (excluding insurance, securities, fund management companies, finance companies and financial leasing companies).

The State shall hold between 55 percent and 65 percent of charter capital in SOEs undergoing privatization and restructuring and operating in seven fields and sectors namely exploitation, production, and supply of clean water and drainage in urban and rural areas, manufacture of basic chemicals, air transportation and others.

The decision shall take force from August 19, 2021, replacing Decision No. 58/2016/QD-TTg dated December 28, 2016 of the Prime Minister on criteria for classification of SOEs.

By Kim Loan