Prime Minister Phạm Minh Chính said SoEs hold significant material resources, large assets and capital, and they play an important role in promoting Việt Nam''s economic development, ensuring social stability.
The National Committee for Management of State Capital (CMSC) has bought nearly 165 million shares of Vietnam Airlines, bringing its total stake to more than 1.22 billion shares, according to the Ha Noi Stock Exchange.
The transfer of State capital ownership of 19 State-owned enterprises (SOEs) to the State Capital Management Committee was complete after the committee received five firms from the Ministry of Agriculture and Rural Development (MARD) on Thursday afternoon.
The Government will issue a decree regulating the functions, duties, rights, and organisational structure of the State Capital Management Committee next month, said Deputy Prime Minister Vuong Dinh Hue.
The State Capital Management Committee for State-owned enterprises (SOEs) should be empowered to take close watch of the SOEs in order to improve the management of State capital in those companies, according to economist Pham Chi Lan.
State corporations and groups have been found to have committed violations worth nearly VND350 trillion (US$15.5 billion) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.
The special State capital management committee, which was formed by the Government in early February, may take charge of supervising VND5 quadrillion (US$222.2 billion) worth of State capital in 21 State-owned enterprises.