VietNamNet Bridge – To speed up the restructuring of state-owned enterprises (SOEs), the Ministry of Planning and Investment has issued the draft classification criteria to ensure the implementation of the roadmap of divesting State capital from SOEs.
According to the draft criteria, instead of holding 100 percent of the capital in the areas of management and operation of seaports, airports and tobacco production, the State will equitize these SOEs to reduce its capital to 75 percent.
Some industries such as film production; iron and steel production with a capacity of over 500,000 tons per year; rotary kiln cement production with capacity of 1.5 million tons per year, production of newsprint, high quality paper and insurance are also excluded from the list of state-owned enterprises to encourage all economic sectors to invest in these sectors.
According to the draft, the SOEs are divided into four groups. The State will hold 100 percent stake in the SOEs that perform the tasks of national defense and security; large-scale power production and transmission, management and exploitation of the national and urban railways, radio and television, newspapers, lottery …
The SOEs that will be equitized and the State will hold 75 percent of the total shares including airport and seaport management firms, cigarette production, exploration of minerals such as coal, gold, gems, crude oil, communication network infrastructure, gasoline wholesale …
In addition, the SOEs in a number of other areas will have from 65 to 75 percent or from 50 to 65 percent of the State capital.
S. Tung