Final list of 19 corporations for the "Super Committee"
The Super Committee will be launched this afternoon with total assets under management of about 1.5 million billion VND and 820,000 billion VND of state capital.
The Government has just issued Decree No. 131, effective from September 29, regulating the functions, tasks, powers and organizational structure of the State Capital Management Committee at Enterprises, also known as the Super Committee. The Super Committee is expected to officially launch this afternoon, September 30.
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Headquarters of Vietnam Electricity Group, one of the 7 large corporations transferred to the management of the Super Committee. |
The 19 units under the management of the Super Committee according to the previous draft have been retained in the newly issued Decree. Of which, the State Capital Investment Corporation (SCIC) will be one of the 19 units and continue to be the agency representing the state capital ownership in enterprises subject to transfer from ministries and provincial People's Committees.
The remaining 18 enterprises are parent companies of corporations and general companies in which the State holds 100% of the charter capital or has long-term controlling shares, and are under the state ownership representative authority of the Ministries of Industry and Trade, Agriculture and Rural Development, Information and Communications, and Transport.
Among these are 7 large corporations: Vietnam National Petroleum Group (Petrolimex), Vietnam Chemical Group (Vinachem), Vietnam Electricity Group (EVN), Vietnam Oil and Gas Group (PVN), Vietnam Rubber Industry Group (VRG), Vietnam National Coal and Mineral Industries Group (TKV) and Vietnam Posts and Telecommunications Group (VNPT).
The remaining 11 corporations include MobiFone Telecommunications Corporation, Vietnam Tobacco Corporation, Vietnam Airlines Corporation, Vietnam National Shipping Lines Corporation, Vietnam Railway Corporation, Vietnam Expressway Corporation, Airports Corporation, Vietnam Coffee Corporation, Southern Food Corporation, Northern Food Corporation and Vietnam Forestry Corporation.
According to the newly issued Decree, this committee is responsible for developing and submitting to the Government and the Prime Minister a comprehensive strategy for business development investment in accordance with the socio-economic development strategy and planning decided by competent authorities.
For enterprises whose owners are represented by the Super Committee, this agency has the right to decide on the charter capital when establishing and adjust the charter capital during the operation of the enterprise, except for enterprises established by the Prime Minister. The Super Committee also has the right to make additional investments in the charter capital of enterprises in accordance with the provisions of law on management and use of State capital invested in production and business at enterprises.
The State Capital Management Committee was established in February, with Mr. Nguyen Hoang Anh - former Secretary of Cao Bang Provincial Party Committee as Chairman. This Committee is a government agency, performing the function of representing the owner of enterprises in which the State holds 100% of the charter capital and the State capital invested in joint stock companies and limited liability companies with two or more members according to the provisions of law..
