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Finance Minister Ho Duc Phuc: State assets have been lost a lot through equitization

Wednesday, June 8, 2022 11:36 AM (GMT+7)

According to Finance Minister Ho Duc Phuc, there has been a lot of loss recently through the equitization of SOEs, the cases mainly related to land.

Before entering the question-and-answer session on the morning of June 8, Finance Minister Ho Duc Phuc promised that the areas that he understood would give a direct answer, and those that were unclear and needed to be studied would be answered in writing.

According to the electronic board, 79 delegates registered to question the Minister.

As the first question, delegate Nguyen Thi Le from Ho Chi Minh City was concerned about housing arrangement, brand valuation, intellectual property, and regulations on starting land prices. What is the solution to this problem? Delegates are also interested in questioning the state of enterprises that have not fully divested capital, and losses still occur, what is the opinion of the Minister?

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The National Assembly deputies questioned the Minister. Photo Like Italy

With the same concern, delegate Nguyen Thanh Cong, Ninh Binh delegation asked about divestment of equitization, handling of state-owned enterprises’ housing and land with a large amount of land, the rationality of the plan to arrange housing and land with equitization?

Delegate Nguyen Minh Son, Tien Giang delegation raised questions about the securities sector, the upgrade of the information technology system, securities management, to upgrade the next time? What are the difficulties in the equitization of SOEs?

Answering questions, Finance Minister Ho Duc Phuc said that the arrangement of housing and land use plan approval is the bottleneck in equitization. The equitization process is slow from this stage.

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Finance Minister Ho Duc Phuc. Nhat Minh’s photo

According to him, the People’s Committees of the provinces are assigned to approve the plan, but this is slow, so in 2021, only 18 businesses can be sold, equitized 4 enterprises, to overcome this, the legal problem must be completed.

According to the Government’s decree, if SOE assets are attached to land for annual lease, it is not included in the value of the enterprise. Affirming that there is a hole, the Finance Minister said, it will have to be built to ensure that after the operation, the land is not lost.

According to the Minister, recently, a lot has been lost through the equitization of SOEs, the cases mainly related to land. When the Provincial People’s Committee approves that it is rented land, enterprises pay the land rent once for 50 years. After that, it was approved to change the land use purpose, not close to the real value, creating losses, and state assets were transferred to the private sector.

According to him, many experts have the opinion that when SOEs lease land for production and business, when converting to shares, private companies should perform that purpose, if there is no need to use it, return it to the state to Auction. Thus, the difference in land rent does not fall into private pockets, will promote equitization, certainly economic capacity and business health will be improved. Enterprises are not equitized because of a good piece of land.

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at Blogtuan.info – Source: 24h.com.vn – Read the original article here

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