Deputy Prime Minister Vuong Dinh Hue chairs the event (Source: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a meeting in Hanoi on July 11 to review the restructuring of State-owned enterprises (SOEs) in the first half and launch tasks for the remaining months this year. 

Speaking at the event, Hue, who is also head of the Steering Committee on Corporate Renovation and Development, hailed ministries, agencies and localities for improving openness and transparency in the effort.

However, he also admitted that SOEs equitisation still meets difficulties regarding land pricing and responsibilities of State asset managers.

He made it clear that the government will consider responsibility of leaders who are yet to fulfill tasks involving SOEs equitisation and divestment.

The Deputy PM asked ministries and agencies concerned to amend and supplement Decree 59/2011.ND-CP on converting SOEs into stock companies. In July, the Ministry of Planning and Investment (MoPI) was assigned to make a list of SOEs which conduct divestment from 2017-2020.

The MoPI and Finance Ministry must also amend and supplement Decree 91/2015/ND-CP on pouring State investment into businesses and the use and management of corporate assets and capital.

Deputy Chairman of the Government Office and deputy head of the steering committee Le Manh Ha said six out of 137 SOEs have so far completed equitisation for the 2017-2020 period.

As of the second quarter, 22 SOEs sold State capital worth more than 11,589 billion VND (503.8 million USD), or 314.11 percent from last year’s same period. Up to 11 out of 12 SOEs have been listed.

The Finance Ministry reported that 730 firms under 84 corporations, 17 ministries and 53 localities are yet to apply for listing or list on the stock exchange.

The PM has approved a scheme on improving the efficiency of agro-forestry enterprises under 40 localities, a ministry, a corporation and four State companies for the 2016-2020 period.

Deputy Minister of Industry and Trade Do Thang Hai said the ministry’s major businesses are devising equitisation plans to submit to the PM for approval.-VNA