Progress of business 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; arrangement, innovation, and improvement of operational efficiency of agricultural and forestry companies; and 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, Con Cuong Forestry and Do Luong Forestry, 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; contributing assets, finance, labor, land to establish LLCs with 2 or more members for 3 agricultural LLCs: 1/5 Nghe An, Xuan Thanh, An Ngai; converting into a Protective Forest Management Board, operating under the mechanism of a revenue-generating public service unit and merging with the Quynh Luu Protective 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 rearranging agricultural and forestry companies in the province. Photo: Phu Huong

As of June 18, 2018, the approval of the Project on reorganizing and innovating 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 continuing.

At the meeting, delegates said that it is necessary to have solutions to speed up the progress of implementing the arrangement and innovation of enterprises according to the set plan. It is necessary to carefully study to adjust some unreasonable issues in the inclusion of shares in the list of 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 this point, the progress of arranging and innovating business operations 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.