The Ministry of Agriculture and Rural Development inks an agreement to transfer its ownership of State capital in five agriculture SOEs to the Committee for Management of State Capital on November 15. (Photo: VNA)Hanoi (VNA) – The Ministry of Agricultureand Rural Development (MARD) inked an agreement to transfer its ownership of Statecapital in five State-owned agriculture enterprises (SOEs) to the Committee forManagement of State Capital (CMSC) on November 15.
This was the fifth, and also the last, transfer agreementthe CMSC has signed, after those with the Ministries of Industry and Trade,Finance, Transport, and Information and Communications. It has completed thehandover of a total of 19 State-owned groups and corporations from theministries as directed by the Government.
The five agricultural SEOs include the Vietnam RubberGroup (VRG), the Vietnam Forestry Corporation (VinaFor), the Vietnam NationalCoffee Corporation (VinaCafe), the Vietnam Northern Food Corporation(VinaFood1), and the Vietnam Southern Food Corporation (VinaFood2), accordingto Permanent Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
The firms have a combined asset of about 50 trillion VND(2.15 billion USD), among which the VRG possesses the largest capital of 40trillion VND (1.72 billion USD) and close to half a million hectares of cultivationlands.
These five companies are important and have greatlycontributed to Vietnam’s economic restructuring and development, said Tuan whenaddressing the signing ceremony. Furthermore, they play a vital role inensuring social welfare, food security and national defence in the country, headded.
He expected that after the handover, the CMSC willclosely work with the MARD and relevant agencies to continue improving theSOEs’ operational efficiency and accelerating their restructuring process.
The transfer of the SEOs to the CMSC is to realise Resolution12-NQ/TW, issued at the fifth sitting of the 12th Party Central Committee inJune 2017, which decides to set up a specialised governmental body to representthe ownership of the State capital at SOEs.
The CMSC, also called “super committee”, debuted in late September. As ofDecember 31 last year, the total value of the State equity at these firmstopped 1 quadrillion VND (34.8 billion USD) while their combined asset wasvalued at 2.3 quadrillion VND (80.04 billion USD). – VNA
VNA
