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State capital ownership to be transferred to SCIC

by VTV415 December 2015 Last updated at 11:07 AM

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VTV.vn - Deputy Prime Minister Vu Van Ninh has instructed that state capital stakes should be managed by the State Capital Investment Company, or SCIC.

Representatives of state capital will work with the SCIC in completing dossiers and conduct the transfer of representative rights. SCIC will co-operate with ministries, ministerial bodies and localities to implement the transfer within 60 working days, since state-owned enterprises are granted business registration certificate after equitisation. The Ministry of Finance will study and collect opinions and draft proposals for the government within the next fortnight.