Deputy Prime Minister Ho Duc Phoc: 'Equitization is not for selling land'

Deputy Prime Minister Ho Duc Phoc affirmed that equitization is not to sell land, but to improve the capacity of enterprises, so that the economy can develop more strongly, higher, more firmly and sustainably.

Deputy Prime Minister chaired the meeting - Photo: VGP

On the afternoon of October 14, Deputy Prime Minister Ho Duc Phoc chaired a meeting with ministries, branches and businesses on the draft decree on restructuring state-owned enterprise capital at enterprises.

The Ministry of Finance 's report said that the draft decree on restructuring state capital in enterprises supplements and amends regulations to fully determine and update in accordance with the practical situation of land, such as determining the value of land use rights and land lease rights during equitization.

Stronger decentralization

Strengthen decentralization in implementing steps of enterprise equitization, as well as other forms of capital restructuring, according to the principle that levels decide on the restructuring of enterprises, as well as other forms of capital restructuring according to the principle that levels decide on the restructuring of enterprises under their management.

The Prime Minister decides on equitization, capital transfer, reorganization (division, separation, consolidation, merger, dissolution), transfer of ownership representation rights at 8 corporations and general companies (PVN, EVN, VNPT, TKV, Viettel, Vinachem, Vietnam Railway Corporation, SCIC); the owner representative agency decides on level 1 enterprises, level 1 enterprises decide on level 2 enterprises.

The restructuring of other state capital is fully and comprehensively regulated to ensure the handling of cases arising in practice such as mergers and consolidations of level 2 enterprises into level 1 enterprises, transfer of investment projects, capital, and assets between enterprises; transfer of rights to purchase shares and rights to purchase capital contributions.

Along with that are regulations on dissolving agricultural and forestry companies in which the State holds 100% of charter capital, transferring state capital in investment enterprises in joint stock companies, LLCs with 2 or more members, and principles for issuing criteria for classifying state-owned enterprises and foreign-invested enterprises.

Ministries, branches and units also gave their opinions on land use rights after equitization; land and housing areas when assigned to equitized enterprises; subjects of equitization; mergers and consolidations of enterprises; capital transfer; rights and obligations of enterprises, and handling of responsibilities of subjects during equitization.

Decentralization and delegation of authority in enterprise management; restructuring of loss-making enterprises; valuation methods; regulations on intangible asset valuation; responsibilities of valuation consultants; management of capital and assets in joint ventures between state-owned enterprises and foreign enterprises; financial handling mechanism upon dissolution...

To improve business capacity

Clarifying the Prime Minister's proposal to decide on equitization of 8 corporations and general companies - Photo: VGP

In conclusion, Deputy Prime Minister Ho Duc Phoc requested the Ministry of Finance to clearly and appropriately argue the content of the proposal for the Prime Minister to decide on equitization, capital transfer, reorganization, and transfer of ownership representatives at 8 corporations and groups (PVN, EVN, VNPT, TKV, Viettel, Vinachem, Vietnam Railway Corporation, SCIC), the rest will be approved by the competent authority.

Regarding the contents related to land and land use conversion, he said that the decree should not provide detailed instructions, but must be applied according to the provisions of the Land Law; not to allow the loss of differential land rent, land acquisition, etc. to occur.

"We equitize not to sell land, but to improve the capacity of enterprises, so that the economy can develop more strongly, more steadily, more sustainably and sustainably," the Deputy Prime Minister emphasized.

Regarding the subjects of equitization, it is necessary to comply with the provisions of the Law on Management and Investment of State Capital in Enterprises (Law No. 68), the draft only stipulates for level 1 enterprises. Units are responsible for their own choices in valuation and application methods, ensuring the most beneficial for the State, if there is any loss, they must take responsibility.

NGOC AN

Source: https://tuoitre.vn/pho-thu-tuong-ho-duc-phoc-co-phan-hoa-khong-phai-de-ban-dat-20251014191027865.htm