Completing restructuring of State owned enterprises before December 15, 2016

 VCN- The Office of Government has issued a document of guidance of the Deputy Prime Minister Vuong Dinh Hue on the Scheme of restructuring of State owned enterprises in the period 2016-2020.
completing restructuring of state owned enterprises before december 15 2016
The scheme of restructuring of State owned enterprises in 2016-2020 will be completed soon

In order to complete the Scheme and the Draft decision of the Minister on restructuring of State owned enterprises, especially the economic corporations and the State corporations in the period 2016-2020, the Deputy Prime Minister Vuong Dinh Hue requires the Ministry of Finance to supplement the assessment of the result of the implementation under the regulations of Decision No.929/QD-TTg of the Prime Minister on the completion of the restructuring target set, the State capital withdrawal in the Joint Stock Companies which the State does not need to regulate; the completion of the tasks of public enterprises; and the restructuring task by sector without distinction of managing levels and authorities.

The Ministry of Finance should strictly follow Resolution No.05-NQ/TW dated November 1, 2016 on a number of guidelines and policies in order to continue to innovate the model of growth and enhance the quality of growth and labor productivity and the competitiveness of the economy and Resolution No.24/2016/QH14 of the National Assembly on the plan of restructuring the economy in the period 2016-2020. It should review and compare the content of the restructuring of State owned enterprises in the plan of restructuring of the economy in the period 2016-2020 of the Government to supplement the assessments and specify the contents on the targets and resolutions and the task of restructuring of the State owned enterprises in the period 2016-2020.

completing restructuring of state owned enterprises before december 15 2016 Equitisation of SOEs must be sped up: experts

To create a fair business environment to promote the development of the private sector experts said restructuring ...

The Deputy Prime Minister requires the Ministry of Finance to submit to the Prime Minister for consideration and approval the Scheme of restructuring of State owned enterprises in the period 2016-2020, prior to December 15, 2016.

By Huong Diu/Ngoc Loan

Related News

Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Risks for the economy when cash flow has not yet been put in to production and business

Risks for the economy when cash flow has not yet been put in to production and business

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.
Vietnam to achieve credit rating as set target

Vietnam to achieve credit rating as set target

VCN - With the current credit rating scale, Vietnam is getting closer to the target of raising the investment rating grade by 2030 set out in the National Credit Rating Improvement Project by 2030.
Prime Minister directs the development of digital transformation projects for ministries, branches and localities

Prime Minister directs the development of digital transformation projects for ministries, branches and localities

VCN - The Prime Minister issued Directive No. 34/CT-TTg dated September 16, 2024 on developing digital transformation projects for ministries, branches and localities.

Latest News

M&A in Vietnam expected to be bustling in 2025

M&A in Vietnam expected to be bustling in 2025

Merger and acquisition (M&A) activity in Vietnam is expected to be bustling again, thanks to the domestic economic recovery and higher foreign investment.
Major reforms in the management of state capital in enterprises

Major reforms in the management of state capital in enterprises

VCN - The draft Law on Management and Investment of State Capital in Enterprises is set to be presented and discussed at the National Assembly, featuring numerous new provisions after multiple rounds of public consultation. The draft law is expected to bring significant reforms to the operational framework for managing state capital and state-owned enterprises (SOEs).
Vietnam makes comprehensive strides in public financial management reform

Vietnam makes comprehensive strides in public financial management reform

VCN - Vietnam has achieved significant milestones in its public financial management (PFM) reforms, earning praise for its comprehensive progress across multiple areas, according to the latest Public Expenditure and Financial Accountability (PEFA) Report.
Central bank increases credit growth limit for banks for second time this year

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

More News

Decree on the implementation of global minimum tax: Ensuring a clear and transparent legal framework

Decree on the implementation of global minimum tax: Ensuring a clear and transparent legal framework

VCN - The decree detailing the implementation of the global minimum tax must align with practical management requirements, ensuring a clear and transparent legal framework that enables businesses to comply with new tax regulations while safeguarding national interests, emphasized Dang Ngoc Minh, Deputy Director General of the General Department of Taxation.
Agree to continue reducing VAT by 2%

Agree to continue reducing VAT by 2%

VCN - National Assembly deputies all expressed their agreement with the policy of continuing reducing value-added tax (VAT) by 2% in the first half of 2025, but there needs to be an effective support policy for sustainable development of businesses.
Four challenges that put pressure on monetary policy management

Four challenges that put pressure on monetary policy management

VCN - According to the State Bank of Vietnam (SBV), monetary policy in the coming time will face many pressures, including the impacts of the international context and the continued implementation of the policy of reducing interest rates.
Legal basis to improve quality of price appraisal

Legal basis to improve quality of price appraisal

VCN - According to the representative of the Price Management Department, the regulations related to the activities of appraisers, adjusting the conditions for valuation practicing are new contents of the 2023 Price Law, contributing to improving the quality of valuation activities.
Amending the Law on Corporate Income Tax, not giving preferential treatment to overlapping and spreading industries

Amending the Law on Corporate Income Tax, not giving preferential treatment to overlapping and spreading industries

VCN - The promulgation of the Law on Corporate Income Tax (amended) is necessary, in line with international practice, associated with restructuring revenue sources, expanding the tax base in line with the context of socio-economic development.
Việt Nam

Việt Nam's stock market recovers but outlook remains uncertain

Following a prolonged period of volatility, the VN-Index is approaching a critical resistance level, raising the question of whether the market has enough momentum to break through or if it is merely undergoing a technical rebound before further corrections.
Bad debt at banks continues to rise in both amount and ratio

Bad debt at banks continues to rise in both amount and ratio

VCN - After nine months of 2024, bad debt balances at banks continue to rise, potentially posing risks to the banking sector if control measures aren't implemented.
Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
Green credit proportion remains low due to lack of specific evaluation criteria

Green credit proportion remains low due to lack of specific evaluation criteria

VCN - According to the State Bank of Vietnam (SBV), as of the end of September 2024, 50 credit institutions had outstanding green credit balances exceeding VND 665 trillion, accounting for over 4.5% of the total outstanding loans in the economy.
Read More

Your care

Latest Most read
M&A in Vietnam expected to be bustling in 2025

M&A in Vietnam expected to be bustling in 2025

Merger and acquisition (M&A) activity in Vietnam is expected to be bustling again, thanks to the domestic economic recovery and higher foreign investment.
Major reforms in the management of state capital in enterprises

Major reforms in the management of state capital in enterprises

The draft Law on Management and Investment of State Capital in Enterprises is set to be presented and discussed at the National Assembly, featuring numerous new provisions
Vietnam makes comprehensive strides in public financial management reform

Vietnam makes comprehensive strides in public financial management reform

Vietnam has achieved significant milestones in its public financial management (PFM) reforms, earning praise for its comprehensive progress across multiple areas
Central bank increases credit growth limit for banks for second time this year

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.
Decree on the implementation of global minimum tax: Ensuring a clear and transparent legal framework

Decree on the implementation of global minimum tax: Ensuring a clear and transparent legal framework

The decree detailing the implementation of the global minimum tax must align with practical management requirements, ensuring a clear and transparent legal framework
Mobile Version