Progress of enterprise arrangement and innovation in Nghe An is still slow.

On the morning of June 19, under the chairmanship of Vice Chairman of the Provincial People's Committee Le Ngoc Hoa, the People's Committee held a meeting to listen to and give opinions on equitization and divestment of state capital in enterprises; reorganization, innovation, and improvement of operational efficiency of agricultural and forestry companies; and the list of public service units into joint stock companies.

Nghe An has 11/12 enterprises on the list of agricultural and forestry companies to be restructured and innovated approved by the Prime Minister. Of these, 4 units, namely Song Hieu Forestry One Member Co., Ltd., Tuong Duong Forestry One Member Co., Ltd., Con Cuong Forestry One Member Co., Ltd., and Do Luong Forestry One Member Co., Ltd., will maintain, consolidate, develop and restructure the state-owned one member limited liability company with 100% charter capital, performing the task of producing and supplying public products and services.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa chaired the meeting. Photo: Phu Huong

Equitization of 3 agricultural LLCs: Tea Development Investment Company, Coffee Rubber Company and 3/2 Agricultural Industry Company; contribution of assets, finance, labor, land to establish LLCs with 2 or more members for 3 agricultural LLCs: 1/5 Nghe An, Xuan Thanh, An Ngai; conversion into a Protection Forest Management Board, operating under the mechanism of a revenue-generating public service unit and merging with the Quynh Luu Protection Forest Management Board for Quynh Luu Forestry LLC.

Mr. Nguyen Van Lap - Deputy Director of the Department of Agriculture and Rural Development presented the plan and results of the arrangement of agricultural and forestry companies in the province. Photo: Phu Huong

As of June 18, 2018, the approval of the Project on reorganization and innovation of 5 forestry companies has been completed, including: Song Hieu, Tuong Duong, Con Cuong, Do Luong Forestry One Member Co., Ltd. and Quynh Luu Forestry One Member Co., Ltd.; the sale of shares of 2 Agricultural One Member Co., Ltd. 3/2 and Song Con has been completed and the reorganization and innovation of the remaining 5 agricultural and forestry companies is being continued.

At the meeting, delegates said that it is necessary to have solutions to speed up the implementation of the arrangement and renovation of enterprises according to the set plan. It is necessary to carefully study to adjust some unreasonable issues in the listing of shares for public service units...

Harvesting tea in the raw tea area of ​​Thanh Thinh commune (Thanh Chuong). Photo: Phu Huong

Concluding the meeting, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa affirmed that up to now, the progress of arranging and innovating business activities in Nghe An is still slow compared to the set plan.DThe competent authority, the Department of Agriculture and Rural Development, needs to urge and implement appropriate solutions.In accordance with the law, speed up progress, complete in 2018.

Regarding the list of equitization of 22 public service units, the Provincial People's Committee initially agreed to implement 5 units, including 2 units of the Transport sector to be converted into joint stock companies in 2020.