'Super committee' to manage state capital will be established in the first quarter of 2018

At the first meeting of the Prime Minister's Working Group on the establishment of the State Capital Management Committee at Enterprises on the afternoon of January 16, Deputy Prime Minister Vuong Dinh Hue - Head of the Working Group requested ministries and branches to urgently carry out work to establish the committee in the first quarter of 2018.

“In the first quarter of 2018, ensure the establishment of the Committee to affirm the legal status of this agency,” the Deputy Prime Minister stated, at the same time requesting ministries and branches to continue to urge the progress of equitization and sale of capital at State-owned enterprises in 2018 according to the set plan and schedule.

The Deputy Prime Minister emphasized that the situation of newly established committees taking over enterprises that the ministries "let go" of will not happen, which will lead to delays in equitization and capital sale.

"There are still weak projects in the Industry and Trade sector or other sectors, so the direction of the Government and the Prime Minister on the responsibilities of these sectors is still valid," the Deputy Prime Minister noted.

On this basis, he proposed that the Ministry of Home Affairs preside over the submission of a draft Resolution for discussion and comments at the Government meeting in February 2018.

The Ministry of Planning and Investment is requested to urgently develop and submit to the Government a draft Decree on the functional structure and tasks of the Committee, which includes the adjustment of other Decrees on the structure, functions and tasks of a number of Ministries (transferring the functions and tasks of the Departments of Enterprise Innovation to the Committee).

At the meeting, Mr. Nguyen Hoang Anh - Chairman of the State Capital Management Committee at dThe business emphasized the establishment of this agency in this period. He suggested that immediately after the committee receives the handover of State-owned enterprises from the Ministries and branches, the Working Group will be dissolved to ensure the committee's operations in the following period.

Previously, Prime Minister Nguyen Xuan Phuc had just signed a decision to establish a Prime Minister's Working Group to implement the establishment of the State Capital Management Committee at Enterprises. Accordingly, Deputy Prime Minister Vuong Dinh Hue was the Head of the Working Group; former Cao Bang Provincial Party Secretary Nguyen Hoang Anh was the Chairman of this Committee.

The working group is responsible for advising the Prime Minister in directing the implementation of tasks serving the establishment of the State Capital Management Committee and will end its mission when the committee's apparatus is completed.

According to the previous draft of the Ministry of Planning and Investment, the State Capital Management Committee at Enterprises will have assets of about 5 million billion VND, including many corporations and groups, including "giants" such as Vietnam Oil and Gas Group (PVN), Vietnam Electricity Group (EVN), Vietnam National Coal and Mineral Industries Group (TKV), Vietnam National Petroleum Group (Petrolimex), Vietnam Steel Corporation (VNSTEEL), Vietnam Airports Corporation (ACV), Vietnam Airlines Corporation (Vietnam Airlines), Vietnam Rubber Industry Group (VRG).