Tuesday, July 16 2019

VietNamNews

HCM City proposes switching State holdings in many firms

Update: June, 21/2019 - 17:43

 

HCM City proposes that the State holds 100 per cent of capital in Bến Nghé Port Company Limited. — Photo cafef.vn

HÀ NỘI — HCM City People's Committee has sent a petition to the Ministry of Planning and Investment to alter the State holding ratio in some State-owned enterprises in different fields.

Under the plan, the committee suggested that the State should hold 100 per cent of charter capital in the fields of service provision for foreign agencies and diplomatic agencies, exploitation and supply of clean and underground water, information service activities, investment, management and exploitation of river ports.

It proposed to adjust the ratio of State capital from less than 50 per cent to over 65 per cent in the fields of medicine production, pharmaceutical chemistry and pharmaceutical materials.

As for the fields of environment, lighting and water drainage, where the State is holding less than 50 per cent, the committee proposed to raise the ratio to the range from over 50 per cent to less than 65 per cent.

The body also proposed that the State holds 100 per cent of capital in the companies of Saigon Water Supply Corporation, Saigon Ground Water Company Limited (under Saigon Water Supply Corporation), Quang Trung Software City (under Saigon Industry Corporation) and Bến Nghé Port Company Limited.

The committee suggested adjusting the ratio to over 65 per cent in Saigon Industry Corporation, Saigon Trading Group and Saigontourist Holding Company, switching the ratio from over 50 per cent to less than 65 per cent in Saigon Transportation Mechanical Corporation, Saigon Agricultural Corporation, Saigon Construction Corporation, General Saigon Real Estate JSC, Bến Thành Group and Saigon Cultural Products Corporation. — VNS

 

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