Amendments to the list of sectors and fields implementing the conversion of public service providers into joint-stock companies in Vietnam

Amendments to the list of sectors and fields implementing the conversion of public service providers into joint-stock companies in Vietnam

The list of industries and sectors wherein public service providers are converted into joint stock companies, with the State holding over 50% of charter capital in Vietnam:

- Exploitation, production, and supply of clean water; urban and rural drainage;

- Technical safety inspection of labor;

- Construction inspection;

- Technical inspection of road motor vehicles and inland waterway transport means (excluding the registration of sea vessels and maritime works).

(Currently, according to Article 2 of Decision 26/2021/QD-TTg, it is stipulated: The list of industries and sectors wherein public service providers are converted into joint stock companies, with the State holding over 50% of charter capital: Exploitation, production, and supply of clean water; urban and rural drainage).

Note: For public service providers that have officially converted into joint stock companies (granted an enterprise registration certificate operating in the form of a joint-stock company for the first time) before Decision 26/2021/QD-TTg took effect and where the state capital ratio in these enterprises is lower than the rate stipulated in Article 2 of Decision 26/2021/QD-TTg, the existing state capital ratio shall be maintained, unless approved by the Prime Minister for adjustment to comply with the provisions of Article 2 of Decision 26/2021/QD-TTg.

Decision 17/2024/QD-TTg is effective in Vietnam from December 10, 2024.

(Decision 26/2021/QD-TTg stipulates the list of industries and sectors for the conversion of public service providers into joint stock companies and the proportion of shares held by the State in enterprises after conversion.

The applicable subjects are public service providers and organizations, individuals stipulated in Article 2 of Decree 150/2020/ND-CP dated December 25, 2020, of the Government of Vietnam regarding the conversion of public service providers into joint stock companies).

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