Dong Nai reviews equitisation of State-owned enterprises

On September 24, Provincial Party Committee Member and Vice Chairman of Dong Nai People’s Committee Nguyen Kim Long chaired a working session with departments, sectors, and relevant enterprises on the equitisation of State-owned enterprises in the province.

Provincial Party Committee Member and Vice Chairman of Dong Nai People’s Committee Nguyen Kim Long delivers a directive speech at the working session. Photo: Vuong The

According to a report by the Department of Finance, after the merger, Dong Nai has eight enterprises with state capital, with total funding from the state budget exceeding VND 11 trillion. In recent years, the process of equitisation and divestment has remained challenging, with major obstacles relating to land-use plans and land-related legal procedures.

At the meeting, representatives of the enterprises presented reports on business performance, difficulties and obstacles in the equitisation process, as well as the development orientations and needs of each unit.

Concluding the session, Vice Chairman Nguyen Kim Long noted that enterprises with state capital in the province have recently made positive contributions to local development. Several enterprises that manage large resources and land funds are operating effectively. Therefore, the provincial leadership requested departments, sectors, and enterprises to perform their assigned functions and responsibilities proactively. The State-owned enterprises in the province were asked to review and present their results, difficulties, and expectations during the equitisation process.

Based on this, the Department of Finance, in coordination with relevant agencies, will draft a plan on the equitisation and restructuring of State-owned enterprises to report to the provincial People’s Committee and the Provincial Party Committee, serving as a basis for submission to the central government for consideration.

By Vuong The - Translated by My Le, Thu Ha