A special commission established to manage US$220.5 billion of State capital
By Minh Anh
February 07, 2018 | 06:00 AM GMT+7
The Prime Minister Nguyen Xuan Phuc has just inked the Government’s Resolution No. 09/NQ-CP dated February 02, 2018 on the establishment of a Commission for the State capital management in enterprises.
The Resolution on the establishment of the Committee took effect on February 03.
Under the Resolution, the Commission for the State capital management in enterprises will serve as the representative owner of wholly State-owned enterprises (SOEs) and the Government’s stakes in equitized companies and limited liability companies with two or more members in accordance with the law.
The Commission has the legal entity, seal and account opened at the State Treasury.
At the regular press conference of the Government in January 2018 held on February 02, Deputy Minister of Planning and Investment Nguyen The Phuong informed that the Government will pass a separate decree on the functions and duties of the Commission in the second quarter of 2018.
SCIC is a company specialized in managing and doing capital business in companies, corporations and groups partially or wholly held by the State. Meanwhile, the Commission will be in charge of overall management including management of all assets, Phuong said.
Earlier, the Prime Minister signed the Decision on setting up a task force on the establishment of the Commission for the State capital management in enterprises.
Under the Decision, Deputy Prime Minister Vuong Dinh Hue heads the task force. Deputy heads include Chairman of the Committee for State capital management at enterprises Nguyen Hoang Anh, Minister-Chairman of the Government Office Mai Tien Dung, Minister of Planning and Investment Nguyen Chi Dung, and Minister of Finance Dinh Tien Dung.
The task force is to consult the Prime Minister to implement works serving for the establishment of the Commission for the State capital management in enterprises and ends its tasks when the Committee’s apparatus is formed.
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