Plan to restructure 12 state-owned enterprises in Nghe An

(Baonghean.vn) - As of June 25, the People's Committee of Nghe An province has had specific plans for 12 state-owned enterprises that need to be restructured, including CHPs of the agricultural sector.

The state-owned Nghe An Tea Company Limited will not hold a controlling stake. Photo by Huyen Trang

Accordingly, the Provincial People's Committee has directed the Department of Natural Resources and Environment to basically complete the review, measurement, and marking of 11/12 units (except for Quynh Luu Forestry Company merged with Quynh Luu Protective Forest Management Board); organize appraisal of Land Use Plans for 10/11 units (except for Song Con Agricultural Company awaiting approval from the Prime Minister); advise the Provincial People's Committee to issue a decision to reclaim land from 5 units with an area of ​​1,901.85 hectares.

For forestry LLCs: Quynh Luu Forestry LLC has been approved by the Provincial People's Committee to convert and reorganize into a Protection Forest Management Board (Decision No. 7020/QD-UBND dated December 31, 2016). The Provincial People's Committee is handling the financial issue to merge with Quynh Luu Protection Forest Management Board into Bac Nghe An Protection Forest Management Board (expected in the second quarter of 2017).

Two units, Tuong Duong and Con Cuong Agricultural Forestry One Member Co., Ltd., have completed the Project. The Department of Agriculture and Rural Development has prepared an appraisal report and submitted it to the Provincial Project Appraisal Council for consideration and submission to the Provincial People's Committee for approval (expected in the second quarter of 2017).

Song Hieu and Do Luong Forestry Companies are conducting a final review of the forest area and forestry land returned to the locality, to complete the Project to submit to the Provincial Council for appraisal and report to the Provincial People's Committee for approval in the coming time (expected in the 3rd quarter of 2016).

For agricultural LLCs: Song Con Agricultural LLC has developed an Equitization Project and has been approved by the Provincial People's Committee, reported to the Ministry of Agriculture and Rural Development for appraisal, and is submitting to the Prime Minister for approval (expected in the second quarter of 2017).

Meanwhile, the equitization project, in which the state does not hold controlling shares in 03 agricultural LLCs: Tea Development Investment, Rubber Coffee Company, and 3/2 Agriculture and Industry Company, was approved by the Provincial People's Committee at the regular meeting on April 21, 2017, and is currently being submitted to the Provincial Party Standing Committee for comments.

3 Agricultural LLCs: 1/5 Nghe An, Xuan Thanh, An Ngai are allowed to contribute their assets, finance, labor, and land (after review) to establish a 2-member LLC. They are currently coordinating with partners to review, adjust, and supplement production and business plans and financial plans to develop a reorganization and innovation project.

Currently, Nghe An Sugarcane Company Limited (NASU) has sent a document requesting to withdraw and not participate in establishing a 2-member LLC with 1/5 Agricultural Company. The Provincial People's Committee has issued an official dispatch requesting the unit to report and find a replacement partner to implement the Prime Minister's direction in Document No. 321/TTg-DMDN dated February 26, 2016.

Pearl