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CMSC faces difficulties in checking SOE property

The increasing amount of property and land under State-owned enterprises (SOEs) was mentioned as a factor in their slow equitisation.
CMSC faces difficulties in checking SOE property ảnh 1The Committee for Management of State Capital at Enterprises (CMSC) reports to the Prime Minister's working team in Hanoi (Photo: Government portal)

Hanoi (VNA) - The increasing amount of propertyand land under State-owned enterprises (SOEs) was mentioned as a factor intheir slow equitisation.

The Committee for Management of State Capital at Enterprises(CMSC) reported to the Prime Minister's working team during a working sessionin Hanoi on February 20 to review its implementation of tasks in theequitisation of SOEs.

The CMSC, also known as the “super committee”, was setup in October 2018 to manage the State’s total value of more than 1 quadrillionVND (43 billion USD) and total assets of 2.3 quadrillion VND in 19 groups andcorporations.

The Ministry of Finance last year ordered a review of landand property at SOEs’ secondary and tertiary firms.

For example, the number of properties under the Vietnam Coaland Mineral Group has increased from about 500 to more than 1,000; while thoseunder Petrolimex increased from about 1,000 to 2,000 establishments.

At the same time, the CMSC does not have a clear function inmanaging the real estate of secondary and tertiary firms.

At the meeting, Nguyen Thi Phu Ha, the CMSC’s deputychairwoman, said they lacked qualified human resources in the CMSC.

Ha also mentioned the CMSC was the representative of Statecapital in the SOEs, however, the committee did not have rights in approvingprojects.

The matter, according to Ha, led to inconsistent cooperationbetween the CMSC and ministries, sectors and corporations.

At the meeting, leaders of SOEs also mentioned difficultiesand asked for solutions from the CMSC and the PM’s working team.

According to the team’s member Nguyen Thi Loan, it received91 requests from the corporations including 65 to the Government and PM and 26for the CMSC.

Concluding the meeting, Nguyen Cao Luc, deputy chairman ofthe Government Office and deputy head of the working team, appreciated what theCMSC has done in representing the State capital in 19 corporations. Some SOEshave overcome difficulties and made a profit and contributed to the localeconomy.

Luc asked the CMSC to focus on handling its tasks in managingSOEs as well as help them solve problems.

He said the team would summarise the issues of the meeting toreport at the upcoming regular Government meeting./.
VNA
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