THE STATE HOLDS OVER 50% OF CHARTER CAPITAL OF AN URBAN DRAINAGE ENTERPRISE
On August 12, 2021, the Prime Minister issues the Decision No. 26/2021/QD-TTg promulgating the list of sectors and fields in which public non-business units shall be transformed into joint-stock companies.
Specifically, the list of sectors and fields in which public non-business units shall be transformed into joint-stock companies and the State holds over 50% of charter capital in that joint-stock companies includes: Exploitation, production, and supply of clean water; urban and rural drainage.
Besides, the list of sectors and fields in which public non-business units shall be transformed into joint-stock companies and the State holds from 50% or less of charter capital or does not hold shares in these joint-stock companies; when initial offering of shares, the State holds from over 35% to 50% of charter capital to ensure its role, stabilize the organization and maintain the quality of services provided after equitation includes: Environmental sanitation, wastewater treatment; Labor market information services, employment services, services of sending Vietnamese guest workers abroad under contract, etc.
This Decision takes effect on October 01, 2021.
