On August 8, the People’s Committee of Nghe An province organized a meeting of the Steering Committee for Enterprise Innovation and Development to discuss solutions to difficulties and obstacles, ensuring the completion of the plan for rearranging and transforming enterprises in the period of 2022-2025.
At the meeting, the leader of the Nghe An Department of Finance reported on the progress of rearranging and transforming enterprises with 100% state capital. So far, there are three enterprises in the province that have not completed equitization.
Specifically, the Nghe An Rubber and Coffee One-Member Limited Company is encountering obstacles in handling assets; The Nghe An One-Member Limited Company for Investment and Construction of Infrastructure Development is facing difficulties in handing over the infrastructure of the Nam Cam Industrial Park; meanwhile, the Nghe An Tea One-Member Limited Company has approved financial settlement, settlement of money collected from equitization, and announced the enterprise’s actual value, ready to implement the next steps.
Regarding the transfer of state capital in joint-stock companies with state capital contributions, Nghe An successfully auctioned all state capital in the Nghe An Company for Management and Construction of Bridges and Roads. The province has also approved the plan to transfer all state capital in the Nghe An Water and Road Transport Construction and Management Joint Stock Company.
On the other hand, Vinh City’s Tree Company has built and completed a plan to transfer all state capital (55.44% of charter capital) to send to consulting units; Nghe An Environment and Urban Works Joint Stock Company has been determined by consulting units for the starting price and issued a certificate of appraisal.
Meanwhile, the Nghe An Newspaper Printing Joint Stock Company reported to the People’s Committee of the province that it could not continue with the transfer due to difficulties in advancing funds to pay consulting units.
Regarding the transformation of public non-business units into joint-stock companies, Nghe An has two units under this category. However, the Nghe An Motor Vehicle Road Transport Testing Center is progressing slowly, and the Cua Lo Town Urban Management Board (now the Vinh Urban Management Board) has not been able to transform.
At the meeting, representatives of departments, sectors, and units managing state capital analyzed in detail some of the reasons for the slow progress, including difficulties related to asset handling, enterprise valuation, infrastructure handover procedures, and funding for the transformation process.
The delegates also proposed solutions to remove specific obstacles, ensuring the completion of the goals set by the enterprise innovation and arrangement plan for the 2022-2025 period.
Mr. Nguyen Van De, Vice Chairman of the Provincial People’s Committee of Nghe An, requested that the Steering Committee members carefully review the situation of each enterprise, comparing it with the requirements and actual progress, to advise on specific capital divestment plans, clearly identifying cases where the state needs to hold a controlling stake and cases where it should divest entirely.
For difficulties and obstacles that cannot be solved at the provincial level, the Department of Finance is assigned to synthesize and coordinate with related departments and sectors to build a unified plan and submit it to the Central Steering Committee for guidance, in accordance with regulations.
In addition, the Nghe An Department of Finance needs to proactively advise on the province’s enterprise equitization and innovation plan for the next period, ensuring practicality and compliance with the proposed roadmap.
Mr. De also noted that the implementation process should focus on transparency, public information disclosure, and close coordination between agencies and units to avoid prolonging the handling time, affecting the production and business efficiency of enterprises.
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