Prime Minister Nguyen Xuan Phuc has asked for the clarification of responsibilities of organisations and individuals in delaying the equitisation of state-owned enterprises (SOEs).
Prime Minister Nguyen Xuan Phuc at the event (Source: VNA)
During a meeting in Hanoi on November 21, PM Phuc said SOEs working in seaports, airports, electricity, national defence-security, telecommunications, rubber, and oil and gas, as well as four major State-run banks will be not subject to equitisation.
The number of SOEs has been reduced from over 12,000 to below 600 so far, contributing to stabilising the macro-economy and increasing revenues to the State budget.
Attributing corruption and negative behaviour in corporations, ministries, agencies and localities to lax state management, he asked executives of SOEs and corporations to renew operations and seriously abide by the law.
The restructuring, equitisation and divestment of SOEs should be open, transparent and in accordance with market principles, he said.
Ministries and agencies were required to collect feedback from SOEs and corporations and submit amendments to regulations on evaluating the values of land-use rights; equitised businesses; divestment; equitisation; financial management; salaries; business registration; and the rights and responsibilities of corporate leaders, equity owners, and state management agencies.
Delayed divestment cases will be transferred to the State Capital Investment Corporation before the end of this year.
The PM assigned the Ministry of Finance and the Government Office to acquire suggestions at the event to refine the draft directive on accelerating the restructuring and renewal of SOEs, equitisation, and divestment to submit to him for consideration.
According to the plan approved by the PM, at least 85 SOEs must complete equitisation this year. However, only 12 of them were equitised as of November 18, 2018.
Only 31 units have conducted divestment activities, compared to the targeted 135 for 2017 and 181 for 2018.
Meanwhile, only 35 out of the 526 SOEs had their restructuring plans approved by authorities as of late November.
Source: NDO
The subcommittee for documents of the 18th Hoa Binh provincial Party Congress, the 2025 - 2030 term, convened on March 3 to review and incorporate public feedback on the congress’s draft documents. The meeting was chaired by Nguyen Phi Long, an alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee. It was attended by senior provincial officials, including Bui Thi Minh, Permanent Deputy Secretary of the provincial Party Committee and Chairwoman of the provincial People’s Council; Bui Duc Hinh, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee; other members of the Standing Board of the provincial Party Committee; and members of the document subcommittee.
Muong Bi - Tan Lac, one of the four major Muong ethnic minority-inhabited regions in Hoa Binh, is known for not only its distinctive cultural identity but also its proud history of heroism, with great contributions to the victory against US invaders in the past. Today, Tan Lac district continues to uphold this legacy while embracing development and renewal.
March 3 marked the first official working day for specialised agencies under the provincial People's Committee following the merger or transfer of functions and tasks from the previous agencies. On this day, the newly merged departments and agencies took proactive steps to arrange personnel, organise workflows, and implement tasks efficiently, ensuring that administrative procedures were carried out smoothly without interruption.
Kim Boi district of Hoa Binh province has thoroughly implemented and adhered to Resolution No. 18-NQ/TW on restructuring the organisational apparatus of the political system towards a streamlined, efficient, and effective direction, ensuring no disruption of work.
By mid-February, Da Bac district completed a plan to streamline its organisational apparatus and personnel work, marking a milestone in efforts to promote restructuring towards a leaner, more efficient organisational system, closely following directives from the Party Central Committee’s Resolution No. 18-NQ/TW, and Conclusion No. 121-KL/TW, and Resolution No. 27-NQ/TU of the provincial Party Committee and Conclusion No. 1103-KL/TU by the provincial Party Organisation’s standing board.
Imbued with President Ho Chi Minh's teaching "The Party cell are the Party’s grassroots foundations. A strong Party cell ensures the effective implementation of the Party’s policies and continuous progress in all tasks," the Party Committee of Kim Boi commune, Kim Boi District, has rolled out the "four-good Party cell" model. The initiative has created a positive change, enhancing the leadership capacity and fighting spirit of Party organisations and their members.
