Ha Noi to speed up SOEs equitization


VGP – The Ha Noi municipal People’s Committee has ordered relevant agencies to implement the PM’s direction to accelerate the equitization of State-owned enterprises (SOEs).

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The Department of Finance was assigned to work with other departments and sectors of the Committee on Business Innovation and Development to speed up the progress and resolve emerging issues in line with the legal regulations in an open and transparent manner.

The Financial Department will guide enterprises to withdraw State capital and trade in the unlisted public companies market (UPCoM) within one year of an initial public offering (IPO) and before official listing in accordance with Directive 04/CT-TTg, dated February 2, 2017.

The Department of Home Affairs will work with relevant agencies and departments to enforce policies and regime on managers of SOEs and representatives of State capital in enterprises during the equitization process.  

The Department of Agriculture and Rural Development was requested to work with related agencies and departments to re-arrange and renovate three enterprises, namely Song Da agro-forestry, Suoi Hai pineapple, and Long My tea, then report to the Ministry of Agriculture and Rural Development before submitting to the PM for ratification./.

By Kim Anh