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.

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

About a plan to establish limited liability companies active in developing both raw materials and processing industry, he suggested them team up together to build large-scale production clusters, a step which, he said, is a leverage to reach out to more markets across the country.

For incompetent enterprises, Ninh demanded them halt operations and transfer their land to local authorities, and this must be done as soon as possible.

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

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