The Ministry of Finance (MoF) has said the supervision of financial results from State-owned enterprises (SOEs), carried out by the Committee for Management of State Capital at Enterprises, (or Super Committee) was “very slow”.
Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.
The Ministry of Agriculture and Rural Development (MARD) inked an agreement to transfer its ownership of State capital in five State-owned agriculture enterprises (SOEs) to the Committee for Management of State Capital (CMSC) on November 15.
Six major businesses with State ownership represented by the Ministry of Industry and Trade (MoIT) were handed over to the Committee for Management of State Capital at Enterprises (CMSC) on November 10.
The Committee for Management of State Capital (CMSC), known as the “super committee”, made its debut in Hanoi on September 30 in the witness of Prime Minister Nguyen Xuan Phuc.
The ownership of 21 large State-owned groups and corporations is likely to be transferred from ministries and sectors to the Committee on State capital management at enterprises.
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