From August 06, equitizing the enterprise producing cigarette

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FROM AUGUST 06, EQUITIZING THE ENTERPRISE PRODUCING CIGARETTE

On June 18, 2014, the Prime Minister issued the Decision No. 37/2014/QD-TTg dated June 18, 2014 of the Government on promulgating the criteria, lists of classification of State-owned enterprises.

Accordingly, from June 08, classification of State-owned enterprises shall be divided into three small groups instead of one group in the previous regulations as the State holds 100% of charter capital for the enterprises operating in the following branches and fields; the enterprises carrying out the equitization, the State holds over 70% of the total share and the enterprises carrying out the equitization, the State holds from 65% to under 75% of the total share.

Accordingly, the enterprises carrying out the equitization, the State holds over 75% of the total share includes: managing, exploiting, maintaining airports; managing, exploiting national general ports, international gateway ports; managing, exploiting, and maintaining the system of road, local water way; maintaining the infrastructure system of the national railway; supplying telecom infrastructure;  exploiting the minerals with large scale; exploiting and processing oil and natural gas;

The enterprises carrying out the equitization, the State holds from 65% to under 75% of the total share includes processing oil and natural gas; producing cigarette; the enterprises ensure the crucial needs for developing production and improve the material and spiritual life of the ethnic people in the mountain area, remote area; planting and processing rubber, coffee, planting and managing artificial forest at the strategic areas, mountainous and remote areas attached with the national defense and security; the enterprises that have role to ensure major balances of the economy, market stabilization in the following sectors and fields; air transportation and power distribution.

This Decision takes effect on August 06, 2014 and replaces the Decision No. 14/2011/QD-TTg dated March 04, 2011.