Business

Agriculture ministry presses ahead with SOE equitisation

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has instructed accelerating the equitisation of State-owned enterprises (SOEs) in which the ministry is the representative of the State ownership.
Agriculture ministry presses ahead with SOE equitisation ảnh 1Deputy Minister of Agriculture and Rural Development Ha Cong Tuan (Photo: VNA)

Hanoi (VNA) – Deputy Minister of Agriculture and Rural Development Ha CongTuan has instructed accelerating the equitisation of State-owned enterprises(SOEs) in which the ministry is the representative of the State ownership.

TheDeputy Minister made the request at a conference to review the ministry’sperformance in restructuring enterprises in 2018 and announce plans for thenext two years on January 10.

Specifically,he urged the early completion of the balance sheet, the second time, ofState-owned capital in the Vietnam Tea Corporation and the Vietnam General ofAgriculture Material Corporation Limited to hand over to the equitisedcorporations. The balance sheet for the Vietnam National Vegetable, Fruit andAgricultural Product Corporation Limited must be completed within the firstquarter of this year, he said.  

DeputyMinister Tuan also required competent agencies to decide the date for theevaluation of the value of the Ha Long Seafood, build the rearrangement planfor the Hanoi Agrexport, and equitise or dissolve the Agriculture PublishingHouse.  

He added that the ministry will accelerate thesale of State capital in Navetco and Vetvaco in an open and transparent manner.

Accordingto Dang Vu Tran, Deputy Director of the Department for Enterprise Management,the Ministry of Agriculture and Rural Development (MARD) will complete thetransfer of the State capital ownership representative rights to the StateCapital Investment Corporation (SCIC) during 2019-2020 in accordance withinstructions of the Prime Minister.

Forpublic non-business units under its management, the MARD will submit to thePrime Minister for approval a list of units to be converted into equitisedcompanies.

During 2018, the MARD equitised the VietnamRubber Group along with its 20 subsidiary companies and the Vietnam Southern FoodCorporation, and divested 100 percent of State capital at the Vietnam Sugarcaneand Sugar Corporation II.

Theministry also transferred to the SCIC the State capital ownershiprepresentative rights in five corporations, namely the Vietnam Rubber Group,the Vietnam Northern Food Corporation, the Vietnam Southern Food Corporation,the Vietnam National Coffee Corporation and the Vietnam Forestry Corporation.-VNA
VNA
#Ministry of Agriculture and Rural Development #equitisation #State-owned enterprises #SOEs #State ownership #public non-business units #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

SOE equitisation targets transparency

SOE equitisation targets transparency

The equitisation of State-owned enterprises (SOEs) should be stepped up towards transparency in line with the market mechanism, heard a workshop in Ho Chi Minh City on June 23.
SOE equitisation, divestment fall short of target: Ministry

SOE equitisation, divestment fall short of target: Ministry

Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).

See more

Vice Chairman of the Dong Nai provincial People's Committee Duong Minh Dung replies to FDI enterprises' concerns at the meeting. (Photo: VNA)

Dong Nai holds dialogue with FDI enterprises to ease difficulties

At the event, businesses raised concerns related to value-added tax refunds, increased land rental costs, reduced LNG supply, labour shortages, the issuance of construction ownership certificates, and environmental hygiene and traffic safety on roads within industrial zones.

President of the Vietnam-Canada Business Association (VCBA) Eastern Chapter Chung Vinh. (Photo: VNA)

Vietnam-Canada Business Association expands operation

The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.

An overview of the discussion on developing financial centres in Vietnam. (Photo: VNA)

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

Financial experts expressed their willingness to share knowledge, expertise, and support Vietnam’s access to vital capital, while as assisting Vietnam in training and recruitment of highly skilled financial professionals to ensure the swift and effective development of the financial centres. Additionally, they committed to connecting Vietnamese businesses with German and international investors.

A port in California of the US (Photo: Xinhua/VNA)

Vietnam attends WTO session on removing technical barriers to trade

The Vietnamese delegation is closely tracking all Specific Trade Concerns, with a keen interest on rules impacting Vietnam’s key and potential exports at the regular session of the World Trade Organisation (WTO) Committee on Technical Barriers to Trade (TBT Committee) in Geneva, Switzerland from March 25-28.

The ICON e: (Photo: Honda Vietnam)

Honda Vietnam rolls out first domestically produced electric scooter

The ICON e: is specifically designed for high school students, a young and dynamic demographic seeking safe and convenient mobility. The scooter comes equipped with advanced safety features, including a fire- and water-resistant lithium-ion battery, a combined braking system (CBS), LED lighting for enhanced visibility, and a spacious storage compartment. It is expected to launch in the Vietnamese market in April.

A buyer searches for food products at the fair. (Photo: VNA)

Third Vietnam Outstanding Export Products Fair opens in HCM City

It features nearly 750 booths showcasing a wide range of goods and services like agricultural products, foods and seafood, handicrafts, souvenirs, regionally distinctive goods, textiles, footwear, supporting industries, and food processing, packaging, and preserving technologies.