CRITERIA FOR CLASSIFYING STATE ENTERPRISES UNDERGOING RESTRUCTURING AND DIVESTMENT
On July 02, 2021, the Prime Minister issues the Decision No. 22/2021/QD-TTg prescribing criteria for classification of State-owned enterprises and enterprises with State capitals undergoing ownership transformation, restructuring and divestment in the 2021 - 2025 period.
Specifically, enterprises with 100% of charter capital owned by the state shall conduct business activities in 13 business lines as follows: Mapping services for national defense and security; Public postal services, maintenance and management of public postal network; Policy credit for socio-economic development, deposit insurance and bad debt trading and settlement associated with restructuring the system of credit institutions, etc.
Enterprises in which the state holds at least 65% of charter capital, operating in the following business lines: Airport and aerodrome management and operation; airfield operation services; Financial and banking services (excluding insurance, securities, fund management companies, financial companies and financial leasing companies), etc.
For enterprises not operating in the business lines in accordance with the classification criteria, one of the following criteria may be applied to conduct the ownership transformation, restructuring and divestment: Plantation and processing of rubber or coffee in strategic areas; mountainous areas; remote areas; far-away areas related to the national defense and security; Enterprises manufacturing and providing public services and products whose revenue ratio from providing public services accounts for at least 50% of their total revenue for 03 consecutive years before the proposed date of transformation; etc.
This Decision takes effect from August 19, 2021.
