MoF takes over State capital ownership from CMSC
Before being transferred to the MoF and the Ministry of Public Security, the 19 corporations and general corporations under the CMSC had a total owner's equity of over $46.1 billion, an increase of 11% after five years.
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The Ministry of Finance (MoF), in collaboration with the Commission for the Management of State Capital at Enterprises (CMSC), held a ceremony on February 28 to transfer the rights and responsibilities of the State capital ownership representative from the CMSC to the MoF.
The CMSC will be soon dissolved under a plan to streamline the State apparatus.
Speaking at the ceremony, Deputy PM Ho Duc Phoc stated that the growth target for this year is a minimum of 8%. Therefore, the responsibility of the MoF, as well as the 19 State-owned corporations and general corporations, is substantial. They must work together to promote development, be more innovative, and be more determined to excellently complete their tasks, achieve the set goals, and contribute intellect and effort to the common development cause of the country.
Before being transferred to the MoF and the Ministry of Public Security, the 19 corporations and general corporations under the CMSC had a total owner's equity of approximately VND 1.18 quadrillion (over $46.1 billion), an increase of 11% after five years. The total assets held by these companies were approximately VND 2.54 quadrillion (nearly $93 billion), equivalent to 65% of the total assets of state-owned enterprises nationwide.