New information on restructuring and equitization of state-owned enterprises

Deputy Prime Minister Ho Duc Phoc – Photo: VGP

On the afternoon of January 3, Deputy Prime Minister Ho Duc Phoc, Head of the Steering Committee for Enterprise Innovation and Development, chaired a conference on the situation of restructuring state-owned enterprises and enterprise development in the 2021-2026 period, and tasks and solutions for 2025.

17% of businesses have their restructuring plans approved

The Steering Committee's report said that as of December 15, 2024, 117/667 (17% in number) enterprises had their restructuring plans approved. After the arrangement and restructuring of state-owned enterprises, they will basically focus on sectors and fields that the State needs to hold.

Large-scale corporations and groups operating in important sectors and fields of the economy basically operate effectively, completing production, business, and investment and development tasks according to assigned plans.

Focus on reviewing and innovating in management, finance, human resources, promoting the application of science and technology, innovation to improve efficiency, increase competitiveness...

Basically completed, reporting to the Politburo for policy on handling plan for all 12/12 weak projects and enterprises in the industry and trade sector due to history. Currently, agencies and enterprises are resolutely implementing the handling according to the Politburo's conclusion; 4 nitrogenous fertilizer projects are profitable and repaying debts on time.

In addition, the remaining 4 weakest and most difficult projects (Phuong Nam Pulp Mill project, Thai Nguyen Steel Phase 2, Dung Quat Shipbuilding Industry Company Limited, Viet Trung Steel) have completed reporting to the Politburo for comments on handling.

Many opinions from representatives of corporations and groups (PVN, Viettel, VNPT, VRG, EVN, Agribank) suggested that competent authorities take measures to remove obstacles related to divestment. Complete the legal basis for divestment of foreign investments; regulate and guide some contents related to enterprise management; tax policies; power source investment...

However, according to the Deputy Prime Minister, in 2024, some tasks under Decision 360 have not met the requirements, so it is necessary to have solutions to remove difficulties and obstacles, especially in determining enterprise value, land prices, etc.

Carefully evaluate the actual implementation of equitization

With the view of equitization to improve the efficiency of production and business activities of enterprises, Mr. Phuc requested ministries and branches to review and carefully evaluate the actual implementation of equitization.

Research, amend, supplement and perfect legal regulations, especially the Law on Management and Use of State Capital Invested in Production and Business at Enterprises (Law 69) with a spirit of innovation.

The Deputy Prime Minister requested that businesses focus on innovating technology and equipment, improving the quality of human resources, management processes, etc. to improve business performance to meet the requirements of the assigned tasks.

To resolve difficulties and obstacles, the Steering Committee coordinates with state-owned enterprises to clarify the "address", where the obstacle is, at which stage, and which agency to have appropriate and effective solutions.

Leaders of ministries, branches and localities are responsible for the progress of developing the project to reorganize and restructure enterprises. The representative agency of the owner must complete the approval of the project to restructure state-owned enterprises in the first quarter of 2025.

Ministries and branches, according to their assigned functions and tasks, shall strengthen the urging, inspection and supervision of the implementation of the work of arrangement, equitization and restructuring according to their authority; the Steering Committee shall preside over and coordinate with relevant agencies to continue to urge, inspect and evaluate the implementation situation at a number of key agencies and units.

Source: https://tuoitre.vn/thong-tin-moi-ve-sap-xep-co-cau-lai-co-phan-hoa-doanh-nghiep-nha-nuoc-20250103194911568.htm