Some enterprises to apply Decree 59 upon equitization

09:16 | 25/11/2017 Regulations Follow english.haiquanonline.com.vn on

VCN – The Government has issued Decree No. 121/NQ-Co on handling problems in the equitization of State-owned enterprises (SOEs)

	Transforming SOEs into JSCs for more better management and use of state capital
	Why is equitization slow? The essence is the efficiency of corporate governance
	Equitisation plans of seven more SOEs receive approval in July

some enterprises to apply decree 59 upon equitization

Illustrated photo

Recently, the Government has just issued Decree No. 126/ND-CP on transforming SOEs and one member company limited of which 100% of charter capital invested by the SOEs into joint stock companies. However, this Decree will be officially effective until 1 January 2018

In order to remove obstacles in equitization from now to the end of 2017, the Government has issued Decree No. 121 which allows enterprises that have been decided to announce the enterprise value but have not been approved with the equitization plan before 1 January 2018 and enterprises that have been approved with the equitization plan in 2017 but have not been approved with land using plan according to the Land Law by the competent authorities, to continue the equitization under Decree No. 59/2011/ND-CP on the transformation of enterprises with 100% of state capital.

Equitization of state-owned enterprises: Narrow door for foreign strategic investors

VCN- The search for strategic investors in equitization of state-owned enterprises (SOEs) is still hot ...

However, these enterprises have to be approved with the land using plan before its first business registration certificate for joint stock company is granted

By Hong Van/ Huyen Trang

Tags:

Related News

Plastic exporters focus on recycling technology transformation

14:24 | 09/11/2024 Import-Export

VCN - Vietnam's plastic industry is facing significant challenges related to plastic waste and the demand for recycling. Huynh Thi My, Secretary General of the Vietnam Plastics Association, shared important insights on the transformation efforts by plastic businesses to meet the growing export demands.

Fast and effective in restructuring state-owned enterprises

08:00 | 13/08/2024 Finance

VCN - The equitization and divestment situation at enterprises in the first half of 2024 progressed slowly, but state-owned enterprises (SOEs) are making efforts to implement restructuring plans, thereby helping to improve production and business efficiency.

Drug-related crimes are having an unpredictable transformation

14:16 | 19/07/2024 Anti-Smuggling

VCN - According to the assessment of the Command of Border Defence, the activities of drug-related crime are transforming their areas and methods of operation. If they "sniff" that the authorities have discovered a new hiding method, the subjects will immediately "transform" to another method in order to pass the control stage.

Cooperate to build leading and "rich in vitality" state-owned enterprises

08:59 | 17/04/2024 Import-Export

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.

Latest News

Proposal to reduce 30% of land rent in 2024

14:58 | 25/12/2024 Regulations

VCN - The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.

Resolve problems related to tax procedures and policies for businesses

13:54 | 22/12/2024 Regulations

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax procedures and policies for the business community.

New regulations on procurement, exploitation, and leasing of public assets

09:17 | 15/12/2024 Regulations

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.

Actively listening to the voice of the business community

09:39 | 12/12/2024 Customs

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.

More News

Step up negotiations on customs commitments within the FTA framework

09:44 | 08/12/2024 Regulations

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.

Proposal to amend regulations on goods circulation

13:45 | 06/12/2024 Regulations

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.

Review of VAT exemptions for imported machinery and equipment

10:31 | 05/12/2024 Regulations

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.

Customs tightens oversight on e-commerce imports

13:39 | 04/12/2024 Regulations

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.

Bringing practical experience into customs management policy

13:48 | 03/12/2024 Regulations

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Minister of Finance, organized by the General Department of Customs last weekend, many Southern Customs units contributed specific contents from practical operations in the locality.

Businesses anticipate new policies on customs procedures and supervision

15:41 | 29/11/2024 Regulations

VCN - With this year’s import-export turnover estimated at nearly US$800 billion and forecasting to surpass this milestone next year, the business community holds high expectations for upcoming amendments and supplements to customs management, procedures, and supervision policies. These changes are expected not only to facilitate trade but also to enhance state management efficiency and support economic development.

Do exported foods need iodine supplementation?

11:06 | 29/11/2024 Regulations

VCN - Currently, Vietnamese processed food products, including seafood products, have been exported to more than 160 countries, and no country has yet required that "salt used in food processing must be salt with added iodine".

Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

13:43 | 28/11/2024 Regulations

VCN - With the majority of National Assembly deputies voting in favor, the National Assembly officially approved the revised Value-Added Tax (VAT) Law during its afternoon session on November 26, 2024, as part of the 8th session's agenda.

Proposal to change the application time of new regulations on construction materials import

08:52 | 26/11/2024 Regulations

VCN - To comply with the circular on quality management of construction materials, many businesses importing this item are complaining about difficulties and asking for an extension of the implementation time.

Your care

Latest Most read

Proposal to reduce 30% of land rent in 2024

14:58 | 25/12/2024 Regulations

The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.

Resolve problems related to tax procedures and policies for businesses

13:54 | 22/12/2024 Regulations

New regulations on procurement, exploitation, and leasing of public assets

09:17 | 15/12/2024 Regulations

Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes.

Actively listening to the voice of the business community

09:39 | 12/12/2024 Customs

Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year

Step up negotiations on customs commitments within the FTA framework

09:44 | 08/12/2024 Regulations

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,