Vietnam: Amending and supplementing the scope of state capital investment for establishment of state enterprises

According to Decree No. 32/2018/NĐ-CP of Vietnam’s Government, the scope of state capital investment for establishment of state enterprises is amended and supplemented as follows:

- State enterprises supplying public products and services, and ensure social security, including:

+ Public postal services;

+ Publishing (exclusive of publication printing and release sector);

+ Agricultural and forestry operations under the Government’s regulations;

+ Management and operation of inter-province or inter-district water resources and agricultural irrigation facilities, and sea embankments, subject to the Prime Minister's decision;

+ Management, use and administration of national and urban rail infrastructural facilities; administration of national and urban rail transport;

+ Air traffic, aeronautical information, emergency rescue and response services;

+ Maritime safety services (exclusive of dredging and maintenance of public navigable channels);

+ Others, subject to the Prime Minister’s decision.

- State enterprises involved in the field of providing direct assistance for national defense and security under the Government’s regulations.

- State enterprises involved in the field of natural monopoly, including:

+ National power transmission, national load dispatch and distribution power grid management services; large and multiple-objective hydropower plants; nuclear power plants which have special importance in socio-economic, national defense and security aspects;

+ Manufacturing and trading of industrial explosive materials;

+ Printing of paper money and coining of currency as well as manufacture of gold bars and gold keepsakes;

+ Lottery business;

+ State enterprises that have functions such as state capital investment and debt trading and treatment for restructuring, macroeconomic regulation and stabilization purposes;

+ Others, subject to the Prime Minister’s decision.

- State enterprises that apply high technologies, make large investments, stimulate rapid growth of other industries and sectors and the whole economy.

Decree No. 32/2018/NĐ-CP of Vietnam’s Government takes effect from May 01, 2018.

-Thao Uyen-

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE