The Prime Minister has recently requested ministries, ministerial-level agencies, provincial and municipal People’s Committees, economic groups and general corporations to speed up the restructuring of State-owned enterprises (SOEs), the Government news portal reported on March 16.

Based upon Resolution 15/NQ-CP, the PM asked the Ministry of Finance (MoF) to submit its draft decision on the issue in April, aiming at speeding up equitisation and withdrawal of State capital from enterprises.

The Ministry of Planning and Investment (MoPI) is supposed to present a decree to amend and supplement the regulations on the sale and transfer of SOEs.

In the second quarter, the MoPI would have to report the PM about the implementation of Government’s Decree 99/2012/ND-CP on assignment, decentralisation of the implementation of the rights, responsibilities and obligations of state owner for the SOEs and state capital invested in enterprises.

The PM also asked the Ministry of Home Affairs to present a draft decree on key titles in wholly State-owned companies and companies with at least a 50% stake owned by the State. The ministry is expected to submit a project on entrance test, fixed-term labour contract and business performance of general directors in wholly State-owned companies.

The Ministry of Labour, Invalids and Social Affairs is responsible for reporting the implementation of pay scale for key positions in SOEs.

Ministers, Chairmen of People’s Committees, and Chairmen of SOEs bear administrative responsibilities for poor performance of restructuring and withdrawal of State capital.

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