Tuesday,  Sep 25, 2018,09:48 (GMT+7) 0 0
Committee to be established for State capital management
The Saigon Times Daily
Friday,  Dec 29, 2017,15:02 (GMT+7)

Committee to be established for State capital management

The Saigon Times Daily

HCMC – The Government will set up a committee tasked with management of State capital at businesses next year, Deputy Prime Minister Vuong Dinh Hue told an online meeting between the Government and localities on December 28.

Hue at the meeting also presented the Government’s draft resolution on tasks and solutions to socio-economic development and budgeting for next year. 

In particular, the Government will continue to maintain macro-economic stability, control inflation, ensure key economic balances, improve the business and investment environment, and promote rapid and sustainable economic development with 11 tasks and solutions.

News website Doi Song va Phap Luat quoted Hue as saying at a meeting late last year on the matter that the committee will eliminate the duty of ministries and provincial people’s committees in representing State ownership at enterprises.

The Government’s targets towards 2020 include equitizing 137 State-owned enterprises (SOEs) and finishing capital divestment in accordance with plans approved by the Prime Minister. The Government will focus on handling inefficient, loss-making economic groups, corporations and projects; striving to meet international standards concerning corporate governance; enhancing business and production efficiency, product quality, competitiveness of SOEs; and improving management and supervision of SOEs and State capital.

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