The State holds 100% charter capital of enterprises operating in the national electricity transmission – Illustration photo

Accordingly, the State will hold 100% charter capital of enterprises operating in national defense and security; of military-economic enterprises located in strategic and remote or disadvantaged areas; of enterprises managing and exploiting infrastructure system of the national railways, urban areas, airports, grade I seaports, broadcast and televisions.

The State will also hold 100% charter capital of the SOEs’ affiliates which play key role in production and keep business and technological know-how that the SOEs must own to carry out assigned tasks.

For enterprises that the State will hold 50% of their charter capital include those engaging in producing and providing public products like scientific, news, documentary, children films; urban lighting; seed and domestic animal samples, frozen sperms, vaccines;

The State also hold 50% of those businesses that take key role in ensuring macro balances of the national economy, stabilizing markets of electricity (with minimum capacity of 500MW in stead of the current 100 MW); exploiting minerals, coal, bauxite, copper-iron-tin-gold-precious stone cores; producing pig-iron and steel (with capacity of over 500,000 tons per year instead of the current 300,000 tons/year); providing financial-credit-insurance services.

The PM asked ministries, ministerial-level agencies, People’s Committees of provinces and centrally-governed cities, economic corporations and groups set up under the PM’s decisions to continue classifying and re-arranging their one-member limited liability companies, then report to the PM for approval.

The Decision is scheduled to be effective from April 20, 2011.

By Hải Minh