New committee to manage capital at 20 SOEsThe scale of State-owned enterprises controlled by the State Capital Management Committee is less than the initial plan, according to the latest draft of the decree on the functions, tasks and organisational structure of the committee. Under the draft, the committee would manage State-owned capital at 20 corporations, instead of 21 as initially proposed a few months ago. The Central Institute for Economic Management (CIEM) - the agency that has directly compiled the draft of the decree - said this committee would be the State representative at 20 State-owned corporations. Those corporations have a total State-owned capital of VND821 trillion (US$36 billion) and a total value of assets at over VND1.5 quadrillion. Those figures are equal to 50 per cent of the State-owned capital and the total value of assets at the wholly State-owned enterprise sector.

Source: VietNamNet News May 29, 2018 03:11 UTC