The Steering Committee for the Summary of the Implementation of Resolution No. 18-NQ/TW (Steering Committee of the Government) has just issued Document No. 141/KH-BCDTKNQ18 on the plan to guide the arrangement and streamlining of the Government's apparatus.
The most notable content in the latest plan of the Government Steering Committee is to end the operation of the State Capital Management Committee at Enterprises, transfer the rights and responsibilities of the State ownership representative for 19 State corporations and groups currently managed by the State Capital Management Committee at Enterprises to the sector management ministries and research the organizational model under the Government.
For the Party Committees of some large corporations such as Vietnam Oil and Gas Group PVN, Vietnam Electricity Group EVN, Vietnam Posts and Telecommunications Group, Vietnam National Coal and Mineral Industries Group, Vietnam Railway Corporation, Vietnam Expressway Corporation..., the Party organization was transferred to be directly under the Government Party Committee.
The Government Steering Committee also directed to end the activities of the National Financial Supervision Committee, transferring the task to the Ministry of Finance and Development Investment or the Ministry of Economic Development, the State Bank of Vietnam and relevant agencies to perform the task of coordinating and supervising the general financial market (including: securities, insurance, banking).
In the context that specialized laws are assigning responsibilities to ministries and branches to perform specialized supervision functions (the Ministry of Finance supervises the securities and insurance markets; the State Bank of Vietnam supervises banking activities), it is necessary to establish an inter-sectoral coordination organization headed by the Government leader to direct general supervision and coordination activities for the financial market.
To implement the transfer of rights, obligations and responsibilities of the State ownership representative for the above-mentioned State corporations and general companies, the Government Steering Committee assigned the State Capital Management Committee at Enterprises to coordinate with the sector management ministries to develop a plan to transfer the rights, obligations and responsibilities of the State ownership representative for 19 State corporations and general companies to the sector management ministries.
For the National Financial Supervision Committee, the Government's Steering Committee assigned this agency to develop a dissolution plan; the Ministry of Finance and Development Investment (or the Ministry of Economic Development) and the State Bank of Vietnam shall conduct specialized supervision in accordance with current law.
