Ministry of Industry and Trade receives back 6 State 'big guys' from super committee

Ministry of Industry and Trade Headquarters

According to the Government's plan to orient, arrange, and streamline the organization, the State Capital Management Committee at Enterprises will cease operations and transfer 19 corporations and general companies back to the ministries and branches.

At the recent conference summarizing Resolution 18 on streamlining the apparatus of the Ministry of Industry and Trade, this agency said it would take over the function of representing the State capital ownership of 6 State corporations and groups from the Capital Management Committee at Enterprises.

These "giants" include the Vietnam Oil and Gas Group (PVN), Vietnam Electricity Group (EVN), Vietnam National Petroleum Group (Petrolimex), Vietnam Chemical Group (Vinachem), Vietnam National Coal and Mineral Industries Group (TKV) and Vietnam Tobacco Corporation (Vinataba).

In fact, these 6 corporations and general companies used to be under the management of the Ministry of Industry and Trade, but were transferred to the State Capital Management Committee in November 2018. Thus, after 6 years, large state-owned enterprises in the industrial and energy sectors are back under the management of the Ministry of Industry and Trade.

Currently, the state capital in the 6 "big guys" is about 800,000 billion VND. This level is equivalent to 70% of the state capital that the super committee holds in 19 corporations and general companies.

Previously, at a meeting on organizational restructuring, Deputy Prime Minister Ho Duc Phoc spoke of the principle of "people following work, separating state management and business operations" when transferring 19 corporations and general companies to specialized ministries.

In addition to re-taking over state-owned enterprises, the organizational structure of the Ministry of Industry and Trade after the reorganization is expected to reduce at least 15-20% of internal organizational units, as requested by Minister of Industry and Trade Nguyen Hong Dien.

Accordingly, some other departments and offices will be merged to reduce the number of work units. For example, the Department of Electricity and Renewable Energy and the Department of Electricity Regulation will be merged into a new unit, expected to be the Department of Electricity. The Department of Local Industry and Trade, the Department of Energy Conservation and Sustainable Development, the Department of Science and Technology will become the Department of Technology and Innovation... The Party Committee of the Ministry of Industry and Trade will also end its activities and establish a Party Committee directly under the Government Party Committee.

The Ministry also ended the general department model with the General Department of Market Management. Instead, the Domestic Market Surveillance Department is expected to be established, based on the functions, tasks, and apparatus of the General Department of Market Management and the Domestic Market Department. 63 local Market Management Departments are transferred to the People's Committees of provinces and cities. The Ministry of Industry and Trade recommends that these units operate under the branch model under the Department of Industry and Trade.

VN (according to VnExpress)

Source: https://baohaiduong.vn/bo-cong-thuong-nhan-lai-6-ong-lon-nha-nuoc-tu-sieu-uy-ban-400639.html