| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No: 04/2005/CT-TTg | Hanoi, March 17, 2005 |
DIRECTIVE
ON RAPID AND SOUND INTENSIFICATION OF STATE OWNED ENTERPRISES EQUITISATION
Over the past ten years, SOEs equitisation has been deployed step by step, following the Party's line and resolutions. The Government has concretized the Party's policies, promulgated legal documents, given out comprehensive and appropriate policies, promptly settled outstanding matters during SOEs restructure, equitisation, especially the settlement of outstanding debts and redundant workers. The Ministries, branches, provinces, cities under central authority have been deeply aware of SOEs restructure, equitisation as an focal task, therefore, has actively directed that work with specific programs, measures and have obtained significant results. Equitisation has been further strengthened after the Central Resolution 3 of Term 9, and basically reached the set targets. Through equitisation, state enterprises have transformed into multi-proprietorship, created driving force and dynamic management mechanism; mobilized further social resources for production, business; raised effectiveness, competitiveness and integration capacity. The fact has confirmed that equitisation has become a key solution for restructure, reform of management mechanism and raise of effectiveness for state owned enterprises.
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