Strengthening the Equitization and Divestment of State Capital in State-Owned Enterprises

Nguyen Trinh

05:16, 11/07/2024

Recently, the Prime Minister of the Government of Vietnam issued Directive 01/CT-TTg regarding the strengthening of guidance, acceleration of restructuring, reorganization, innovation, equitization, and divestment of state capital in state-owned enterprises and enterprises with state capital.

The Prime Minister directs the ministries, ministerial-level agencies, People's Committees of provinces and cities directly under the Central Government, economic corporations, state general corporations, and state-owned enterprises (SOEs) to restructure, innovate, equitize, and divest to meet the following requirements:

- Thoroughly grasp the perspectives, objectives, and tasks of continuing to restructure, innovate, and improve the efficiency of SOEs as outlined in Resolution 12/NQ-TW of 2017 and Resolution 60/2018/QH14;- Complete the construction, issuance, or submission to the competent authority for approval of the restructuring plan for SOEs;- Accelerate the process of equitization and promptly report to the Prime Minister on any difficulties and obstacles encountered during the implementation of the plan as per Official Dispatch 991/TTg-DMDN of 2017;- Develop a specific roadmap and timeline for deploying capital divestment at enterprises according to Decision 1232/QD-TTg of 2017;- And several other requirements.

More details can be found in Directive 01/CT-TTg issued on January 5, 2019.

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