Transfer of large Vietnamese State-owned enterprises to Commission for the Management of State Capital at Enterprises
From 29 September 2018, under Decree 131/2018, the Government decides to transfer the management of 19 larges State-owned enterprises (SOEs) from various Ministries to the Commission for the Management of State Capital at Enterprises (CMSC). Brief details of each SOE are provided below:
|
|
SOE’s name |
Sectors/website |
% State capital |
Prior direct management authority |
|
1. |
SCIC - State Capital
Investment Corporation |
Holding company in
various companies |
100% |
Ministry of Finance |
|
2.
|
PVN - PetroVietnam |
National oil company http://www.pvn.vn/pages/Default.aspx |
100% |
Ministry of Industry
and Trade |
|
3.
|
EVN – Vietnam
Electricity |
National electricity
company |
100% |
Ministry of Industry
and Trade |
|
4.
|
Petrolimex - Vietnam
National Petroleum Group |
Petrol import and
distribution http://www.petrolimex.com.vn/en.html |
84% (equitised and listed SOE with JX Oil to be strategic investors) |
Ministry of Industry
and Trade |
|
5.
|
Vinachem – Vietnam
National Chemical Group |
Chemicals |
100% |
Ministry of Industry
and Trade |
|
6.
|
VRG – Vietnam Rubber
Group |
Rubber |
96% - Equitised and
listed SOE |
Ministry of Agriculture
and Rural Development |
|
7.
|
Vinacomin - Vietnam
National Coal-Mineral Industries
Holding Corporation Limited |
Mining - http://www.vinacomin.vn/ |
100% |
Ministry of Industry
and Trade |
|
8.
|
VNPT – Vietnam National
Post and Telecommunication |
Telecom https://vnpt.com.vn/en/web/vnpt |
100% |
Ministry of Information
and Technology |
|
9.
|
Mobifone - MobiFone
Corporation |
Telecom – http://www.mobifone.vn/wps/portal/public |
100% |
Ministry of Information
and Technology |
|
10.
|
Vinataba - Vietnam
National Tobacco Corporation |
100% |
Ministry of Industry
and Trade |
|
|
11.
|
VietnamAirlines |
Airline |
75% - Equitised and
listed SOE with ANA being a strategic
investor |
Ministry of
Transportation |
|
12.
|
Vinalines – Vietnam
National Shipping Lines |
Shipping, Sea ports, and
logistics – |
65% - Equitised and
listed SOE |
Ministry of
Transportation |
|
13.
|
VNR – Vietnam Railways |
Rail transportation - http://www.vr.com.vn/en |
100% |
Ministry of
Transportation |
|
14.
|
VEC – Vietnam
Expressway Corporation |
Expressway – |
100% |
Ministry of
Transportation |
|
15.
|
ACV – Airports
Corporation of Vietnam |
Airports operation - https://vietnamairport.vn/en/ |
95% - Equitised and
listed SOE |
Ministry of
Transportation |
|
16.
|
Vinacafe – Vietnam National Coffee Corporation |
Coffee - https://vinacafe.com.vn/ |
100% |
Ministry of Agriculture
and Rural Development |
|
17.
|
Vinafood2 - Vietnam
Southern Food Corporation |
Foods |
51% |
Ministry of Agriculture
and Rural Development |
|
18.
|
Vinafood1 – Vietnam Northern Food Corporation |
Foods - |
100% |
Ministry of Agriculture
and Rural Development |
|
19.
|
Vinafor – Vietnam Forest Corporation |
Forestry - http://vinafor.com.vn/ |
51% - Equitised and listed SOE |
Ministry of Agriculture
and Rural Development |
Under Decree 131/2018, the transfer is effective immediately, and all prior management authorities are required to hand over to the CMSC the relevant documents and information about these SOEs by 15 November 2018. CMSC is a government authority and is not a State-owned enterprise itself. Therefore, CMSC cannot be “equitised” like an SOE.