PM appoints chairman of State capital management committeePrime Minister Nguyen Xuan Phuc signed a decision on Thursday to appoint Nguyen Hoang Anh to the post of chairman of the special committee to manage State capital at enterprises. He held the post of Secretary of Cao Bang Province Party Committee from March 2015 to December 2017 before assuming the new role in the State capital management committee. Phuong said the model of the committee would be different from the State Capital Investment Corporation (SCIC). State-owned enterprises (SOEs) in the country have total capital and assets worth an estimated VND5.4 quadrillion (US$239 billion). The committee is expected to separate ownership from management functions to boost the efficiency of State capital when the Government hastens the restructuring of SOEs.

Source: VietNamNet News February 09, 2018 09:33 UTC