There needs to be a policy for workers when enterprises divest state capital.

On the afternoon of January 15, the Provincial National Assembly Supervision Delegation had a working session with Nghe An Waterway and Road Management and Construction Joint Stock Company on asset management in State-owned enterprises. Deputy Head of the Provincial National Assembly Delegation Nguyen Thanh Hien chaired the meeting.

Working scene. Photo: Thanh Le

Nghe An Waterway and Road Management and Construction Joint Stock Company operates in the field of traffic management and construction. During the period 2011-2016, the State maintained a capital contribution ratio of 65% in the enterprise; the remaining 35% of shares are mainly employees.

The unit mainly operates in the field of maintenance of road and waterway traffic works. In recent times, the company has made efforts to find jobs and ensure stable income for employees. In 2016, the average income was 5.7 million VND/person/month.

However, in 2017, the company was among the enterprises that divested all state capital in the enterprise, expected to be completed in the first quarter of 2018.

Director of Nghe An Waterway and Road Management and Construction Joint Stock Company Pham Ngoc Bau said: The biggest difficulty of the company is debt collection for construction projects funded by the budget. Up to now, the company has not recovered the debt of 7.7 dong, some projects have been in arrears since 1999.

Along with that, the difficulty of the unit after divesting State capital is to solve jobs for 122 workers left by the previous apparatus. Mr. Bau suggested that when implementing divestment, the State should have preferential policies for the company's workers.

Mr. Pham Ngoc Bau reflected that the biggest difficulty for businesses is solving employment for workers after divesting state capital. Photo: Thanh Le

Explaining the issue of unrecovered debt, Mr. Pham Huy Tram - Head of the General Planning Department, Department of Transport said: This debt is mainly outstanding debt for basic construction. There are many reasons, the main reason is that the budget capital is not enough to provide for investors to pay for businesses.

Concluding the meeting, Deputy Head of the Provincial National Assembly Delegation Nguyen Thanh Hien acknowledged that the company is one of the earliest equitized units.

Sharing the difficulties of the unit, the Deputy Head of the Provincial National Assembly Delegation hopes that after the State completely divests capital, the company will have solutions to develop production and business effectively, create jobs, and increase income for workers.

Regarding the recommendations and proposals of the unit, the Deputy Head of the National Assembly Delegation received and synthesized the recommendations with the Provincial People's Committee.