The Government has issued Resolution 15/NQ-CP on measures to speed up equitisation and withdrawal of State capital from enterprises, the Government Portal said.

Accordingly, the relevant agencies have to direct enterprises under their management to design equitisation plans which include the roadmaps and deadlines.

State-owned enterprises (SOEs) must have to develop plans for withdrawal of State capital invested in non-core business fields.

These plans must be submitted to competent agencies for approval, according to the resolution.

In case State’s economic corporations and groups fail to carry out these plans once they are approved, members’ Councils and leaders of these economic corporations and groups have to report clearly the reasons and responsibilities of relevant stakeholders to competent agencies.

Ministers, heads of Ministerial-level agencies and Chairmen of the People’s Committees of provinces and centrally-governed cities are also responsible for the implementation progress.

This resolution was adopted one week after Prime Minister Nguyen Tan Dung called for faster restructuring of the State-owned enterprises (SOEs) while presiding over the Government’s monthly meeting in February.

He urged the lower levels to focus on equitisation and withdrawal of State capital from non-core business fields.

There must be positive changes in restructuring SOEs in 2014, the Government chief ordered.

A total of 432 State-owned enterprises will be equitised during the 2014-2015 period, which means 216 enterprises will go equitisation a year.

Reports presented at a conference on restructuring SOEs held by the Government in Hanoi last month revealed that during the 2011-2013 period, 180 SOEs nationwide were rearranged with 99 equitised, which was said to be low.

As the result, the target of equitising the remaining SOEs became urgent.

Experts called for the need to soon issue regulations on the management and inspection of State economic groups and corporations along with supervising the implementation of strategies and plans.

SOEs have been asked to apply modern business administration standards and accelerate the application of scientific and technological advances in order to cut costs and improve productivity.-VNA