• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

VN stops piloting two construction groups

VGP – Prime Minister Nguyen Tan Dung has decided to stop piloting two construction groups and assigned the Ministry of Construction to re-arrange enterprises directly under its management.

10/03/2012 11:01

The two business entities are the Viet Nam Industry Construction Group (VNIC) and  the Housing and Urban Development Group (HUD). Both of them were set up on January 12, 2012.

Inefficiency was the reason for the Government to terminate the two projects, according to Mr. Pham Viet Muon-Vice Chairman of the Office of Government and Deputy head of the National Steering Committee for Enterprise Renovation and Development.

The Government chief tasked the Ministry of Construction to establish Song Da Corpoation by re-organizing the Song Da Holdings and its affiliates, establish the Housing and Urban Development Corporation by re-organizing the Housing and Urban Development Group and its affiliates.

The Ministy of Construction will also be responsible for managing the following corporations, namely Viet Nam Machinery Erection Corporation (LILAMA), Infrastructure Development and Construction Corporation (LICOGI), Construction Machinery Corporation (COMA), Bach Dang Construction Corporation, Ha Noi Construction Corporation (HANCORP), Viglacera Corporation, and Viet Nam Water and Environment Investment Corporation (VIWASEEN).

Prime Minister Dung assigned the Ministry of  Construction to equitize LILAMA, LICOGI, COMA, Bach Dang Construction Corporation, HANCORP, VIGLACERA, and VIWASEEN in accordance with the Prime Minister’s Decisions No. 2363/TTg-DMDN dated on December 27, 2010 and No. 903/TTg-ĐMDN dated on June 7, 2011.

The Ministy is also asked to develop equitization plans for Song Da Corporation and Housing and Urban Development Corporation, then submit them to the Prime Minister for consideration.

Since 2005, Viet Nam piloted seven groups which were all founded on the basis of big State-funded corporations. In 2009, the Prime Minister decided to establish four more groups, including the VNIC and HUD, said the Vice Chairman of the Office of Government.

Streamlining State economic groups is the Government’s orientation, said Minister-Chairman of the Office of Government Vu Duc Dam at the monthly press briefing on September five.

He added that the Government plans to reduce the number of State economic groups from 11 to 5-7

By Huong Giang

Gov’t to cut State economic groups