Nghe An: 4 enterprises still do not sell all state capital for equitization

On the morning of February 8, the National Assembly's Supervisory Delegation had a working session with the Provincial People's Committee on the implementation of policies and laws on management and use of state capital and assets in enterprises and equitization of state-owned enterprises in the period 2011-2016 in the province. Working with the delegation, on the side of the Provincial People's Committee, there was comrade Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee and leaders of departments and branches.

The National Assembly's Supervisory Delegation of the province said: At this time, the whole province has 35 enterprises using State capital and assets; 1 LLC with two members; 12 Joint Stock Companies with State capital. In the period of 2011-2016, Nghe An province equitized 6 companies according to the plan to reorganize and innovate State-owned enterprises approved by the Government.

Comrade Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee spoke at the meeting. Photo: Van Truong

Through supervision, the Provincial National Assembly Delegation found that Nghe An province has effectively implemented the State's regulations on management and use of State capital and assets in enterprises. The contents and legal policies on management and use of State capital and assets in enterprises in the past have ensured factors such as urgency, timeliness, suitability, completeness, synchronization, unity and effectiveness; overcoming limitations and shortcomings arising in the practice of investment and management of State capital in enterprises.

However, the monitoring team also pointed out some shortcomings, that is, the reporting work of some enterprises to the Department of Finance and the Provincial People's Committee is still slow. For enterprises that violate the reporting deadline and repeat the violation many times, there are no specific and practical sanctions to consider the responsibility of the representatives at the violating enterprises. The information disclosure of state-owned enterprises is still limited.

Comrade Nguyen Thanh Hien - Deputy Head of the National Assembly Delegation reported at the meeting. Photo: Van Truong

Regarding the implementation of equitization in enterprises, only Cua Lo Water Supply Company Limited and Nghe An Water Supply Company Limited sold all of their state capital according to the equitization plan, the remaining 4 companies did not sell all of their state capital according to the equitization plan. The monitoring team found that, basically, state-owned enterprises in the province have degraded facilities and equipment, outdated technology, low production and business efficiency, so their attractiveness to investors is not high.

The delegation proposed that the People's Committee have solutions to support enterprises in equitization and divestment of state capital to ensure the equitization plan. At the same time, there should be policies to support enterprises after equitization, especially for enterprises with small capital scale such as supplementing charter capital for state-owned enterprises, attracting shareholders and strategic shareholders.

During the working session, delegates from departments and branches expressed their opinions and clarified the results of the inspection of state-owned enterprises' operations in the area; the process of organizing and implementing equitization; the appointment and arrangement of personnel and titles of positions in enterprises after equitization.

Comrade Nguyen Thanh Hien - Deputy Head of the Provincial National Assembly Delegation, Head of the Supervisory Delegation said: The National Assembly's decision to conduct thematic supervision of policies and laws on management and use of state capital and assets in enterprises, and equitization of state-owned enterprises in the period 2011-2016 aims to point out the positive aspects that need to be promoted and the limitations, shortcomings as well as the causes in the management and use of state capital and assets in enterprises, as well as the process of equitization of state-owned enterprises in the past time.

Raw material area of ​​Song Lam Sugarcane Joint Stock Company. Illustration photo: Van Truong

From there, propose solutions to continue perfecting the system of policies and laws in this field, especially reviewing and adjusting the methods of organization, implementation, direction and management to bring about more practical and specific results in the management and use of capital and state assets in enterprises and the equitization of state-owned enterprises in the coming time.

At the end of the meeting, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa acknowledged that the Supervisory Delegation had many opinions to help the Provincial People's Committee better implement related issues in the management and use of capital and state assets in enterprises and the equitization of state-owned enterprises in the period 2011-2016. The Provincial People's Committee will fully accept the opinions of the members of the Delegation.

In the coming time, the province will focus on directing the implementation of the recommendations of the Supervisory Delegation; propose to the Government to propose and study the issuance of support mechanisms and policies for restructured enterprises; the remaining enterprises will be equitized according to plan.

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