Vietnam Govt: All SOEs to Operate as JS, Ltd Cos beginning July 1 2010
The Vietnamese government said on its Website on June 23 that it will approve plans in the third quarter of the year to change all 100 per cent state-owned companies into joint stock and limited liability firms beginning in early July 2010.
The government’s plans are in accordance with the Politburo’s resolution issued on April 10 of this year, the government said.
The prime minister has requested that provincial authorities study land areas owned by state-controlled companies and state-owned firms that have already been privatized, it noted.
The Ministry of Finance is asked to decide on a rate of non-core business investment by state-owned companies. (
chinhphu.vn))
Vietnamese
