Decision No. 26/2019/QD-TTg on approving the list of enterprises to be equitized until the end of 2020

Pursuant to …;

for regarding the approval of the listof enterprises to carry outshareholding reform until the end of 2020

Pursuant toLaw on Government Organization dated June 19, 2015;

Pursuant topursuant to the Enterprise Law November 26, 2014;

Pursuant toLaw on State Capital Management and Utilization for Production and Business at EnterprisesNovember 26, 2014;

ImplementingDecision No. 58/2016/QĐ-TTgdated December 28, 2016 on criteria for classifying state-owned enterprises, enterprises with state capital, and the list of state-owned enterprises to be restructured during the period 2016-2020;

At the proposal of the Minister of Planning and Investment;

The Prime Minister issues this Decision on the approval of the list of enterprises to carry out shareholding reform until the end of 2020.

Article 1. Scope of Regulation

This Decision stipulates the list of enterprises to carry out shareholding reform until the end of 2020.

Article 2. Applicability

1. State-owned enterprises

2. Limited liability companies with one member established by the Board of Members of state economic groups or corporations; representatives of state economic groups or corporations at joint-stock companies or limited liability companies with two or more members.

3. Other agencies, organizations, and individuals related to the restructuring and modernization of state-owned enterprises and enterprises with state capital.

Article 3. Implementation Organization

1. The Ministers in charge of sectors, Chairmen of Provincial People's Committees, Boards of Members of state economic groups and corporations shall have the following responsibilities:

a) To organize and implement shareholding reform (completing the announcement of enterprise value) according to the plan based on the attached Appendix listing enterprises to carry out shareholding reform until the end of 2020 issued under this Decision.

b) To develop a roadmap for continuing to sell state shares in enterprises after shareholding reform in accordance with the criteria set forth in Appendix I issued under Decision No. 58/2016/QĐ-TTg on criteria for classifying state-owned enterprises and enterprises with state capital as prescribed.

c) To report to the Prime Minister for consideration and decision on adjusting the proportion of state-held capital in enterprises producing and supplying public services; special cases where they play a significant role in local economic development, serving industry development strategies, and other special cases.

d) To report to the Prime Minister for consideration and decision when the state needs to hold from 36% to 50% of the charter capital when carrying out shareholding reform in enterprises that fall within the scope of the state holding less than 50% of the charter capital or not holding shares.

đ) To periodically report every quarter and before September 30, 2020 on the results of implementing shareholding reform for enterprises specified in the attached Appendix to send to the Ministry of Planning and Investment, the Ministry of Finance, and the Steering Committee for Enterprise Reform and Development for consolidation and reporting to the Prime Minister according to their assigned functions and tasks.

e) To be responsible for failing to complete shareholding reform according to the schedule prescribed in this Decision.

2. The Ministry of Planning and Investment shall have the responsibility:

a) To compile the results of state-owned enterprise restructuring nationwide up to 2020 and propose plans for enterprise restructuring during the period 2021-2025 for reporting.

b) To monitor, guide, and urge ministries, sectors, localities, state economic groups, and corporations to implement this Decision.

Article 4. Responsibilities for Implementation

1. This Decision takes effect from the date of issuance and abolishes Part II, III, and IV of Appendix IIa, IIb issued together with Decision No. 56/2016/QĐ-TTg dated December 28, 2016 on criteria for classifying state-owned enterprises and enterprises with state capital and the list of state-owned enterprises to be restructured during the period 2016-2020.

2. The Ministers in charge of sectors, Chairmen of Provincial People's Committees, Boards of Members of state economic groups and corporations are responsible for implementing this Decision./.