The Official Letter on urging the implementation of the Plan to reorganize, equitize, and divest state capital at enterprises for the period 2022-2025 according to Decision No. 1479/QD-TTg

On 21/11/2023, the Ministry of Planning and Investment issued Official Letter No. 9734/BKHDT-PTDN on urging the implementation of the Plan to reorganize, equitize, and divest state capital at enterprises in the period 2022 -2025 according to Decision No. 1479/QD-TTg.

Accordingly, the Ministry of Planning and Investment requests ministries, ministerial-level agencies, and agencies under the Government (hereinafter referred to as Ministries and branches); the People's Committees of provinces and centrally-run cities (collectively referred to as localities) to urgently organize the implementation of plans to reorganize state-owned enterprises and enterprises with state capital as follows:

- To continue to deeply grasp and organize the effective implementation of the Party's Resolutions, Conclusions of the Central Committee and the Politburo and Resolutions of the National Assembly, and directions of the Government and the Prime Minister on the arrangement of SOEs, enterprises with state capital. In particular, according to the assigned functions and tasks, seriously implement the Plan to reorganize SOEs and enterprises with state capital for the period 2022-2025 approved by the Prime Minister in Decision No. 1479/QD-TTg November 29, 2022, focus on implementing the following tasks:

+ To drastically carry out equitization, ensuring that by 2025, equitization will be completed for the enterprises listed in Section 1, Appendix II issued with Decision No. 1479/QD-TTg;

+ To accelerate the implementation of divestment according to the approved roadmap for the enterprises mentioned in Section 1, Appendix III issued with Decision No. 1479/QD-TTg. In case of divestment in the period 2022-2023, strive to complete the divestment in 2023. In case the rate according to the framework is not guaranteed or/and cannot be implemented during this period due to subjective reasons, please clarify the responsibilities of relevant collectives and individuals (if any), report to competent authorities for handling according to the provisions of law and send to the Steering Committee for Innovation and Enterprise Development, Ministry of Planning and Investment, Ministry of Finance to monitor and synthesize; at the same time, continue to implement and ensure the ratio as prescribed in this Decision in the period 2024-2025, with the goal of achieving the proposed ratio by 2025.

+ To urgently develop and submit to the Prime Minister for consideration and approval of the arrangement policy for the enterprises specified in Appendix IV issued with Decision No. 1479/QD-TTg (for ministries, branches, localities has not yet implemented this content).

+ To proactively base on the market situation and reality at the enterprise to accelerate the progress of equitization and divestment earlier than the approved roadmap, ensuring publicity, transparency and bringing the highest benefits to the State, remitting revenues to the state budget in accordance with regulations.

- To strengthen inspection, supervision, auditing, and prevent loss of state capital and assets during the process of arrangement, equitization, and divestment.

- To take full responsibility before the Government, Prime Minister, the inspection and examination agencies for implementation work and results. To strictly handle leaders of SOEs and representatives of state capital in enterprises who do not seriously implement, or implement without results, the arrangement, equitization, divestment of state capital in enterprises and assigned tasks in business management and administration. In case of improper performance, wrong purpose, ineffectiveness, causing loss of state capital and assets, they must be fully responsible before the law.

- Before January 15 every year, send a report on the implementation of enterprise reorganization according to Decision No. 1749/QD-TTg to the Steering Committee for Innovation and Enterprise Development, Ministry of Planning and Investment, Ministry of Finance to report to the Prime Minister.