On October 14, at the Government headquarters, Deputy Prime Minister Ho Duc Phoc chaired a meeting with ministries, branches and enterprises on the draft Decree on restructuring state-owned enterprise capital in enterprises.
Regarding equitization, the draft adds provisions to fully determine and update in accordance with the practical situation of land such as determining the value of land use rights and land lease rights when equitizing.
At the same time, strengthen decentralization in implementing the steps of equitization of enterprises as well as other forms of capital restructuring according to the principle that all levels decide on restructuring for enterprises, as well as other forms of capital restructuring according to the principle that all levels decide on restructuring for enterprises under their management.
Accordingly, the Prime Minister decided to equitize, transfer capital, reorganize (divid, separate, consolidate, merge, dissolve), transfer ownership representative rights at 8 Groups and Corporations (PVN, EVN, VNPT, TKV, Viettel, Vinachem, Vietnam Railway Corporation, SCIC); the owner representative agency decides for level I enterprises, level I enterprises deciding for level II enterprises.
Regarding the form of restructuring other state capital: Fully and comprehensively regulate to ensure handling of cases arising in practice such as the case of merging and consolidating a level 2 enterprise into a level 1 enterprise, transferring investment projects, capital, and assets between enterprises; transferring the right to buy shares and the right to buy capital contributions.
Concluding the meeting, Deputy Prime Minister Ho Duc Phoc requested the Ministry of Finance to clearly and appropriately reason on the content of the proposal for the Prime Minister to decide on equitization, capital transfer, reorganization, and transfer of ownership representatives at 8 corporations and groups (PVN, EVN, VNPT, TKV, Viettel, Vinachem, Vietnam Railway Corporation, SCIC), the rest of which must be approved by the governing body.
Regarding the contents related to land and land use purpose conversion, the Deputy Prime Minister stated that this draft Decree should not provide detailed instructions, but must be applied according to the provisions of the Land Law; do not let the situation of loss of land use difference, land acquisition, etc. happen.
"We are equitizing not to sell land but to improve the capacity of businesses, to make the economy develop stronger, higher and more sustainably" - the Deputy Prime Minister emphasized.
Regarding the subject of equitization, the Deputy Prime Minister requested to comply with the provisions of the Law on Management and Investment of State Capital in Enterprises (Law No. 68), this draft Decree only stipulates for enterprises of level I, and for enterprises of level II and later, it is for enterprises of level I to approve. The competent state management agency.
Regarding the content related to valuation, the Deputy Prime Minister stated that the agency selecting the valuation unit must be responsible for its choice. The valuation agency must be responsible for selecting and applying the valuation method.
The selection and application of the valuation method must ensure the most beneficial benefits for the state, if any losses occur, they must be responsible.
