Transfer ceremony of 3 joint stock companies from the Ministry of Industry and Trade

On the afternoon of April 22, 2025, at the headquarters of the Ministry of Industry and Trade, a ceremony was held to transfer the right to represent the ownership of state capital at 3 joint stock companies from the Ministry of Industry and Trade to the State Capital Investment Corporation (SCIC). This event aims to implement the Government's policy on continuing to arrange, innovate, restructure and improve the operational efficiency of state-owned enterprises, including transferring the right to represent the ownership of state capital at enterprises to SCIC.

Co-chairing the ceremony, on behalf of the Ministry of Industry and Trade, was Ms. Phan Thi Thang, Member of the Standing Committee of the Party Committee of the Ministry, Deputy Minister of Industry and Trade. On behalf of the State Capital Investment Corporation, there was Mr. Nguyen Chi Thanh - Party Committee Secretary, Chairman of the Board of Members (BOM).

Deputy Minister of Industry and Trade Phan Thi Thang (front row, left) attended the ceremony.

Mr. Nguyen Chi Thanh, Party Secretary, Chairman of the Board of Members of SCIC (front row, right) attended the ceremony.

Specifically, the units implementing the transfer of the right to represent the ownership of state capital from the Ministry of Industry and Trade to SCIC include the Industrial Machinery and Equipment Institute Joint Stock Company (IMI), the Textile Research Institute Joint Stock Company (VTRI), and the Construction and General Import-Export Joint Stock Company (CONEXIM).

Speaking at the handover ceremony, Deputy Minister of Industry and Trade Phan Thi Thang said that today's handover ceremony is an important event for the Ministry of Industry and Trade, SCIC and especially the 3 joint stock companies.

Deputy Minister of Industry and Trade Phan Thi Thang spoke.

According to Deputy Minister Phan Thi Thang, this is a specific result of the close coordination process to implement the Government's major policy on continuing to arrange, innovate, restructure and improve the operational efficiency of state-owned enterprises, including transferring the right to represent state capital ownership at enterprises to SCIC so that the corporation can perform the role of professional capital management.

Recently, based on the Government's direction in the Conclusion Notice No. 104/TB - VPCP dated July 27, 2024 on the transfer of the right to represent the state ownership at enterprises from the Ministry of Industry and Trade to SCIC, the Ministry of Industry and Trade and SCIC together with joint stock companies have closely coordinated, actively discussed and agreed to complete the necessary documents and procedures in accordance with the provisions of law for the transfer of the right to represent the state capital ownership at 3 joint stock companies.

Implementing the Government's direction, the Ministry of Industry and Trade has issued many documents directing the State capital representative unit at 3 joint stock companies to seriously implement. Immediately upon receiving the dossiers and documents of the enterprises, the Ministry of Industry and Trade has directed the focal unit, the Department of Planning, Finance and Enterprise Management, to coordinate with relevant units under the Ministry to research, review, and coordinate with the State capital representative unit at the enterprises to complete the dossiers.

In addition, the Ministry of Industry and Trade has also issued documents for SCIC to study and review the enterprise's documents, coordinate and agree with the Ministry of Industry and Trade on the transfer content according to regulations.

"Up to now, the data in the handover documents have been agreed upon by the professional departments of the parties, the related work between the Ministry of Industry and Trade and SCIC has been clarified in the spirit of ensuring the transfer is carried out, at the same time, not interrupting the production and business activities of the enterprise, complying with current regulations", Deputy Minister Phan Thi Thang informed.

The Ministry of Industry and Trade's determination to implement enterprise restructuring

Also at the ceremony, Mr. Nguyen Chi Thanh - Party Secretary, Chairman of the Board of Members of SCIC informed that from 2007 to 2024, the Ministry of Industry and Trade is one of the central ministries and branches leading the handover of enterprises subject to transfer to SCIC. The Ministry of Industry and Trade has closely coordinated with SCIC to complete the transfer procedures for a total of 76 enterprises.

In the process of performing its assigned tasks, SCIC has proactively restructured and improved the operational efficiency of enterprises, while implementing divestment in accordance with the Party and State's guidelines and policies. Up to now, SCIC has completed divestment in 67 enterprises, while the remaining 9 enterprises are in the process of continued management.

"The transfer of state capital at three enterprises, including the Textile Research Institute Joint Stock Company, the Industrial Machinery and Equipment Institute Joint Stock Company, and the Construction and General Import-Export Joint Stock Company, which took place today, is of great significance. This is a clear demonstration of the determination of the Ministry of Industry and Trade, SCIC and enterprises in implementing the Government's Resolution on enterprise restructuring," said Mr. Nguyen Chi Thanh.

According to Mr. Nguyen Chi Thanh, SCIC is continuing to coordinate with the Ministry of Industry and Trade and relevant agencies to transfer the remaining 6 enterprises. Of which, three enterprises are subject to transfer according to Decision No. 908/QD-TTg dated June 29, 2020 of the Prime Minister. The remaining three enterprises include Hanoi Beer - Alcohol - Beverage Corporation (Habeco), Industrial Machinery and Equipment Corporation (MIE), and Vietnam Engine and Agricultural Machinery Corporation (VEAM) are being proposed for transfer.

Ceremony scene.

After receiving these enterprises, SCIC will carry out management work in a modern, transparent manner, gradually standardizing according to current regulations. The reception, management and divestment of capital from the above enterprises is a testament to nearly 20 years of experience in restructuring state-owned enterprises, improving capital efficiency and contributing to promoting the sustainable development of the national economy.

"In the coming time, SCIC hopes to continue to receive attention and close coordination from the Ministry of Industry and Trade to thoroughly handle the existing problems at some enterprises after the transfer such as Vietnam Textile and Garment Group (Vinatex), the steel industry and some other cases, and at the same time complete the documents and procedures to receive six enterprises from the Ministry of Industry and Trade in accordance with the policies of the Party and the State," said Mr. Nguyen Chi Thanh.

Mr. Do Van Vu, Chairman of the Board of Directors of Industrial Machinery and Equipment Institute Joint Stock Company, spoke.

At the ceremony, representing the 3 transferred joint stock companies, Mr. Do Van Vu - Chairman of the Board of Directors of the Institute of Machinery and Industrial Instruments Joint Stock Company expressed his thanks to the Ministry of Industry and Trade for its attention to help the units achieve the results in the past time. At the same time, Mr. Vu affirmed that in the coming time, the companies will closely coordinate with SCIC, continue to fully comply with regulations, strategies and make efforts in implementing the business strategy assigned by SCIC. The units hope to continue to receive the attention and support of the Ministry of Industry and Trade as the specialized management ministry.

Leaders of the Ministry of Industry and Trade and SCIC signed the transfer minutes.

Leaders of the Ministry of Industry and Trade and SCIC announced the minutes of transferring the right to represent state capital ownership at 3 joint stock companies from the Ministry of Industry and Trade to SCIC.