Transferring 20 Occupations from Public Service Provider to Joint Stock Companies

12:46, 11/07/2024

On July 17, 2017, the Prime Minister of the Government of Vietnam signed Decision 31/2017/QD-TTg regarding the implementation of transitioning public service providers into joint-stock companies for certain sectors and fields during the period 2017 - 2020.

For example, some sectors and fields are as follows:

- Exploitation, production, and supply of clean water;- Environmental sanitation;- Lighting;- Production and storage of plant and animal breed stocks;- Consulting services in accounting, auditing, taxation, asset valuation, etc.;- Employment services, sending Vietnamese workers to work abroad under contracts;- Training and driver testing activities;- Guest house, motel, and short-term accommodation business.

Public non-business units converted into joint-stock companies must meet all the following 03 criteria:

- Self-sufficient in covering all regular operating expenses in the most recent year before the conversion date or have the ability to self-sufficiently cover all regular operating expenses after the conversion;- Sectors and fields listed in the category for conversion into joint-stock companies;- Have a plan to continue providing services with good quality.

Decision 31/2017/QD-TTg takes effect from September 01, 2017.

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