Enterprises which have over 50 percent State stakes and are to be equitised will be classified into three groups, Prime Minister Nguyen Tan Dung stipulates in Decision No 37/2014/QD-TTg dated June 18.

Based on the State stake ratios, the groups are: from 50 percent to below 65 percent, from 65 percent to below 75 percent, and 75 percent or more.

The first group includes companies dealing in urban water supply and sewerage, urban lighting, environmental sanitation, natural resource exploration, seed plantation and basic chemical production, rubber growing and processing, and railway and international seaway transport.

The second group lists such areas as petroleum and natural gas processing, cigarette production, aviation, electricity distribution, banking and finance. It also consists of businesses stabilising the medicine, food and petroleum markets, as well as those managing forest plantation and improving people's lives in remote areas.

The third group mentions firms involved in the management, exploitation and maintenance of airports and terminals, national seaports, domestic road and waterway systems, telecommunications infrastructure, mineral, petroleum and natural gas.

The classification is a basis for speeding up the reorganisation and innovation of State-owned enterprises (SOEs).

The new decision replaces Decision No 14/2011/QD-TTg and will take effect on August 6.-VNA