Equitization to strengthen businesses, not to sell land

(Dan Tri) - PVN, EVN, Viettel, VNPT and 4 large corporations will have their equitization, capital transfer and restructuring plans approved by the Prime Minister.

Supplementing many important contents on equitization and restructuring of state capital

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

The Ministry of Finance 's report said that the draft Decree consists of 8 chapters, 100 articles and 2 appendices. In addition to general provisions and implementation provisions, the draft specifically stipulates the equitization of enterprises; conversion of enterprises in which the State holds 100% of charter capital into LLCs with two or more members; conversion of enterprises in which the State holds 50% or more of charter capital...

The Draft Decree on restructuring state capital in enterprises amends and supplements a number of basic contents compared to current regulations.

The Deputy Prime Minister chaired a meeting with ministries, sectors and businesses on the draft Decree on restructuring state-owned enterprise capital at enterprises (Photo: VGP).

Specifically, regarding equitization, the draft supplements 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 when equitizing. At the same time, it strengthens decentralization in implementing the steps of enterprise equitization as well as forms of capital restructuring.

The Prime Minister decides on equitization, capital transfer, reorganization (division, separation, consolidation, merger, dissolution), and transfer of ownership representation rights at 8 corporations and groups (PVN, EVN, VNPT, TKV, Viettel, Vinachem, Vietnam Railway Corporation , SCIC).

Regarding other forms of state capital restructuring, there are full and comprehensive regulations to ensure handling of cases arising in practice.

The draft supplements specific regulations on the dissolution of agricultural and forestry companies in which the State holds 100% of charter capital, the transfer of state capital in enterprises invested in joint stock companies, LLCs with 2 or more members...

Equitization is not for selling land

Concluding the meeting, 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 general companies, while the remaining will be approved by the competent authority.

Regarding the contents related to land and land use conversion, the Deputy Prime Minister stated that this draft 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.

Government leaders emphasized that equitization is not to sell land but to improve business capacity, so that the economy can develop more strongly.

Deputy Prime Minister Ho Duc Phoc emphasized that the selection and application of pricing methods must ensure the most benefit for the state (Photo: VGP).

Regarding the subjects of equitization, the Deputy Prime Minister requested compliance with the provisions of the Law on Management and Investment of State Capital in Enterprises. This draft Decree only regulates level I enterprises. As for level II enterprises and later, it is for level I enterprises to approve. The competent state management agency shall inspect.

Regarding the content related to valuation, the Deputy Prime Minister made it clear that the agency that selects the valuation unit must be responsible for its choice. The valuation agency must also be responsible for the selection and application of the valuation method. The selection and application of the valuation method must ensure the most benefit to the state. If there is a loss, it must be responsible.

The Government leader requested the Ministry of Finance to absorb the opinions at the meeting to complete the draft, ensuring it is close, correct, accurate, transparent, avoiding different interpretations, and submit it to the Government for consideration and decision according to its authority.

Source: https://dantri.com.vn/kinh-doanh/co-phan-hoa-de-doanh-nghiep-manh-len-chu-khong-phai-de-ban-dat-20251014201732737.htm