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Official Gazette

Tuesday, January 31, 2023

Government to divest capital from 141 state enterprises in three years

Updated: 14:00’ - 31/12/2022
From 2023 to 2025, the Government will divest capital from 141 state-owned enterprises (SOEs) and equitize 19 others, while keeping state capital portions unchanged at 126 SOEs.

Such move has recently been revealed in Prime Minister Decision 1479/QD-TTg, on SOE restructuring during the 2022-25 period.

Checking quality of products before delivery at a factory of Rang Dong JSC__Photo: Vu Sinh/VNA

Accordingly, the Government will maintain 195 single-member limited liability companies with 100 percent of charter capital held by the State, and reorganize 21 others under separate plans.

All SOEs under the Ministry of Health and People’s Committees of Ho Chi Minh City and Hai Duong province and enterprises not subject to transfer to the State Capital Investment Corporation under this Decision will be restructured under the Prime Minister-approved plan.

Meanwhile, for enterprises for which equitization and divestment plans have not been approved before November 29 (the effective date of this Decision), the owner’s representative will adjust the State’s holding rate when working out their tentative restructuring plans under this Decision for reporting to the Ministry of Planning and Investment and Ministry of Finance for monitoring and sum-up.- (VLLF)

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