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Head State capital manager named

Prime Minister Nguyen Xuan Phuc has signed a decision to appoint Nguyen Hoang Anh, former Secretary of Cao Bang province Party Committee, to the post of chairman of the special committee to manage State capital at enterprises.
Head State capital manager named ảnh 1Prime Minister Nguyen Xuan Phuc has signed a decision to appoint Nguyen Hoang Anh, former Secretary of Cao Bang province Party Committee, to the post of chairman of the special committee to manage State capital at enterprises (Source: ​VNA)

Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has signed a decision to appoint NguyenHoang Anh, former Secretary of Cao Bang province Party Committee, to the postof chairman of the special committee to manage State capital at enterprises.

The Governmentissued Resolution 09/NQ-CP in early February to set up the special committee asan agency under the Government that acts as the ownership representative ofState capital at wholly State-owned enterprises and at joint stock andliability companies with two or more members.

The committee has alegal status, seal with the national emblem and an account opened at the StateTreasury.

Nguyen Hoang Anh holdsa master’s degree in world economy and international economic relations and abachelor’s degree in political theory.

He held the post ofSecretary of Cao Bang province Party Committee from March 2015 to December 2017before assuming the new role in the State capital management committee.

Deputy Minister ofPlanning and Investment Nguyen The Phuong said the decree about the functions,tasks, rights and organisation of the committee was planned to be issued in thesecond quarter of this year.

Phương said themodel of the committee would be different from the State Capital InvestmentCorporation (SCIC). SCIC would be one among 30 State-owned enterprises to beput under the management of the committee.

State-ownedenterprises (SOEs) in the country have total capital and assets worth anestimated 5.4 quadrillion VND (239 billion USD).

Deputy PrimeMinister Vuong Dinh Hue, who headed a working group founded in mid-January with11 members to boost the formation of the committee, recently asked relevantministries to report about the operation of SOEs, which were planned to be putunder the management of the committee, in February.

The committee isexpected to separate ownership from management functions to boost theefficiency of State capital when the Government hastens the restructuring ofSOEs.-VNA
VNA
# Prime Minister Nguyen Xuan Phuc #decision #Nguyen Hoang Anh #former Secretary of Cao Bang province Party Committee #chairman of the special committee to manage State capital at enterprises #State-owned enterprises #joint stock and liability companies #State Treasury
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