List of state-owned enterprises and state-owned enterprises being restructured

List of state-owned enterprises and state-owned enterprises being reorganized

Deputy Prime Minister Le Minh Khai has just signed Decision 184/QD-TTg dated February 20, 2024 approving the Plan to restructure state-owned enterprises and state-owned enterprises under the Ministry of Health , Ho Chi Minh City People's Committee and Hai Duong Provincial People's Committee by the end of 2025.

According to plan, the state will divest capital at Phuc Son Cement Company.

Approval of the Plan for restructuring state-owned enterprises and enterprises with state capital

Specifically, approve the Plan to restructure state-owned enterprises, enterprises with state capital under the Ministry of Health , Ho Chi Minh City People's Committee and Hai Duong Provincial People's Committee until the end of 2025 in the following forms: Maintaining a single-member limited liability company; equitization, merger; transferring part or all of state capital (divestment), including the following Appendices:

- Appendix I on the Plan to maintain a single-member limited liability company until the end of 2025 (List of enterprises in which the State holds 100% of charter capital until the end of 2025).

- Appendix II on the Plan for equitization and merger implementation by the end of 2025 (List of enterprises in which the State holds 100% of charter capital to be equitized and merged by the end of 2025).

- Appendix III on the Plan for implementing divestment and maintaining state capital until the end of 2025 (List of state-owned enterprises and enterprises with state capital implementing divestment and maintaining state capital until the end of 2025).

- Appendix IV on the List of state-owned enterprises to be restructured according to separate plans by the end of 2025.

The Decision also amends the provisions of Decision No. 1479/QD-TTg dated November 29, 2022 of the Prime Minister approving the Plan to restructure state-owned enterprises and enterprises with state capital for the period 2022 - 2025.

Specifically, amend Point d, Clause 1, Article 2 of Decision No. 1479/QD-TTg as follows: "Give opinions for representatives of state capital at enterprises to vote on the implementation of restructuring (merger, consolidation, separation, dissolution, bankruptcy) for enterprises listed in Section 2, Appendix III of this Decision and other joint stock companies, limited liability companies with two or more members according to current law provisions".

Adjust the remaining State capital ratio after divestment of Thai Binh Urban Environment and Construction Joint Stock Company (Order No. 127, Section 1, Appendix III issued with Decision No. 1479/QD-TTg) to: 63.06% of charter capital (instead of 64.06% of charter capital).

Based on the actual situation to speed up the equitization and divestment progress earlier than the approved roadmap.

The Ministry of Health, the People's Committee of Ho Chi Minh City and the People's Committee of Hai Duong province are responsible for providing opinions for representatives of state capital in enterprises to vote on the implementation of restructuring (merger, consolidation, separation, dissolution, bankruptcy) for enterprises and other joint stock companies, limited liability companies with two or more members according to current law provisions.

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 efficiency, publicity, transparency and compliance with legal regulations.

Promptly report to the Prime Minister for consideration and decision in individual documents on cases that cannot be implemented according to this Decision due to unfavorable market conditions or objective difficulties and obstacles.

In case of failure to ensure the ratio according to the framework or/and failure to implement by the end of 2025 due to subjective reasons, it is recommended to 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 Enterprise Innovation and Development, the Ministry of Planning and Investment, and the Ministry of Finance for monitoring and synthesis.

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