Duties of Ministries and Local Agencies Regarding SCIC

** Ministries, sectors, and Provincial People's Committees have the following duties:**

- Provide information on the status of the implementation of the restructuring and transformation plan of enterprises subject to transfer to the Corporation;- Direct the restructuring activities of enterprises under their management; transfer the representation rights of state ownership at enterprises after restructuring to the Corporation;- Coordinate with the Corporation:- Address the existing issues and difficulties of the transferred enterprises;- Provide opinions to the Corporation on the sale of state capital in enterprises providing public utility products and services that have been transferred and enterprises assigned to manage agricultural and forestry land;- Arrange and resolve policies for the Representatives appointed by the Ministries, sectors, and Provincial People's Committees after the Corporation has fully sold the state capital in the enterprise.- Direct the relevant departments, agencies, and units to cooperate with the Corporation in selling state capital in enterprises;- Identify and notify the Corporation of the list of enterprises subject to the transfer of state ownership representation rights to the Corporation within 15 days from the end of the quarter;- In case ministries, ministerial-level agencies, and Provincial People's Committees do not carry out the transfer as stipulated in this Decree, they shall be responsible to the Prime Minister and for any arising financial issues and related losses (if any) according to the law.

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