Deputy PM orders restructuring of agro-forestry firms

At a Hanoi meeting on July 15, Deputy Prime Minister Vu Van Ninh ordered agro-forestry companies to continue their restructuring for better performance and efficiency.
At a Hanoi meeting on July 15, Deputy Prime Minister Vu Van Ninh orderedagro-forestry companies to continue their restructuring for betterperformance and efficiency.

The State will still hold a 100percent-stake in firms based in far-flung areas strategic to nationaldefence and security while for those on the waiting list ofequitisation, it will keep 65 percent of capital and gradually phase outthe control, Ninh said, but warned that it must be done with thoroughconsideration.

About a plan to establish limited liabilitycompanies active in developing both raw materials and processingindustry, he suggested them team up together to build large-scaleproduction clusters, a step which, he said, is a leverage to reach outto more markets across the country.

For incompetententerprises, Ninh demanded them halt operations and transfer their landto local authorities, and this must be done as soon as possible.

After receiving plots, localities must screen those in demand tooffer leases, draw geological maps and grant land use licenses no laterthan 2015, he said, adding that land zoning must be tailored to meet theneeds of each company.

Participants also learned about the Government’s action plan and regulations on revamping natural forests.-VNA

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