Deputy PM: no group interest found in SOE equitisation, divestment

Saturday, 2019-01-19 10:46:51
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Deputy PM Vuong Dinh Hue speaking at the conference (Photo: VGP)
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NDO/VNA - Deputy Prime Minister Vuong Dinh Hue has stated that no group interests have been found in the equitisation and divestment of State-owned enterprises (SOEs) following inspections.

During a meeting of the Steering Committee for Enterprise Innovation and Development in Hanoi on January 18 to review its 2018 work and launch its 2019 tasks, Deputy PM Hue, who is also head of the committee, said the equitisation and divestment of SOEs remain slow.

According to a plan approved by the Prime Minister, as many as 85 SOEs were expected to be equitised in 2018, and several ministries, agencies, and localities – including Hanoi and Ho Chi Minh City – must take steps to adjust their equitisation progress. However, only 32 SOEs have so far completed equitisation; while only 17 out of the 135 SOEs were divested in 2017 and 52 out of the 181 in 2018.

The issuance of documents guiding equitisation remains slow, while the relevant ministries, departments, and localities are meeting difficulties during the process in accordance with new regulations.

Deputy PM Hue said a number of legal documents, mechanisms, and policies were issued, amended, and supplemented during the 2016-2018 period.

He added that over the past three years, no major fraud or legal violation has been found in the field, however the issue is both complicated and sensitive.

Highlighting the 2019 orientation goals of making stronger changes in direction, tightening discipline, ensuring openness and transparency, maximising national interests, and fighting negative behaviours and interest groups, Hue requested the serious handling of violations and that responsibilities of heads and relevant agencies are considered during the process.