PM chairs meeting on renewing, improving effectiveness of SOEs
VGP – PM Nguyen Xuan Phuc on October 16 is chairing a conference on renewing and improving the effectiveness of the State-owned enterprises (SOEs).
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PM Nguyen Xuan Phuc chairs a meeting on renewing and improving the effectiveness of the State-owned enterprises (SOEs), Ha Noi, October 16, 2019 - Photo: VGP/Quang Hieu |
After the meeting on renewing and improving the effectiveness of the SOEs in 2018, Directive No. 01/CT-TTg was adopted with a view to speeding up the restructuring, renewal, equitization and state capital divestment of SOEs.
Delegates at the meeting will make reports on the establishment and completion of legal documents defined in Directive No. 01/CT-TTg and review the implementation of restructuring of SOEs, including specific evaluations of equitization and state capital divestment and advantages, difficulties and obstacles during the implementation process.
According to the Ministry of Finance, as of the end of the fiscal year 2017, 526 SOEs hold 100% of the charter capital.
As of September 30, 2019, 148 SOEs were authorized to restructure while 378 ones have not been approved to restructure, making up 71%.
Nine SOEs were ratified for equitization plan over the first nine months of 2019, raising the total number of SOEs subject to equitization plan to 168 ones, with the total value of VND443,056 billion, of which the State capital reaches VND206,694 billion.
In the reviewed period from 2016 to September 2019, the State capital divestment hit VND24,510 billion, gaining VND170,629 billion.
As of the financial year 2018, 502 SOEs were recorded with the total equity up 5%, total asset up 2%, total revenue up 9% and State budget contributions up 5% compared to the pervious year.
By Thuy Dung
