Committee for state capital management to be founded in Q1 hinh anh 1Deputy Prime Minister Vuong Dinh Hue is head of the Prime Minister’s working group on the establishment of the committee for state capital management at enterprises (Photo: VNA)

Hanoi (VNA) – The committee for state capital management at enterprises must be set up in the first quarter of 2018 so as to affirm its legal status, Deputy Prime Minister Vuong Dinh Hue has said.

Hue, head of the Prime Minister’s working group on the committee establishment, made the remark at the first meeting of the group on January 16 after it had been formed under the PM’s decision one day earlier.

Standing deputy head of the group Nguyen Hoang Anh is also Chairman of the committee for state capital management at enterprises. Other deputies are Minister-Chairman of the Government Office Mai Tien Dung, Minister of Planning and Investment Nguyen Chi Dung, and Minister of Finance Dinh Tien Dung.

The working group also comprises five other members.

At the meeting, participants looked into draft regulations on the working group’s operations, the issuance of a Government resolution on the committee establishment, and a Government decree on the committee’s structure, functions, and tasks.

[PM sets up working group for state capital management committee foundation]

Deputy PM Hue asked the Ministry of Home Affairs to coordinate with other ministries to submit a draft Government resolution on the committee establishment for discussion at the Cabinet’s February meeting. Meanwhile, the Ministry of Planning and Investment needs to promptly build a draft Government decree on the committee’s structure, functions, and tasks.

He noted while efforts must be made to set up the committee in the first quarter, ministries and sectors must continue speeding up the equitisation of and divestment from State-owned firms in 2018 as scheduled.

Ministries must not abandon businesses immediately after the new committee takes over the firms, or the equitisation and divestment will slow down. Their responsibility for ailing projects remains intact, he added.-VNA
VNA