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Re-arrangement of agricultural, forestry firms to be completed in 2020

Deputy Prime Minister Vuong Dinh Hue on August 21 said the target of re-organising agricultural and forestry companies by 2020 is within reach.
Re-arrangement of agricultural, forestry firms to be completed in 2020 ảnh 1At the seminar (Photo: VNA)

Hanoi (VNA)
– Deputy Prime Minister VuongDinh Hue on August 21 said the target of re-organising agricultural andforestry companies by 2020 is within reach.

Speaking at a seminar in Hanoi, the officialasked the Ministry of Agriculture and Rural Development (MARD) to pay moreattention to the re-organisation, renovation, development and effectiveproduction of these companies.

He also urged relevant ministries, agencies and localities to work harder to removebottlenecks during the arrangement process like bankruptcy of forestry firms.

Do Duc Duy, Chairman of the People’s Committee of the northern mountainousprovince of Yen Bai, suggested the Government amend Decree No. 126/2017/ND-CP,allowing the selection of strategic investors even when the State holds no controlstocks, or issue a special resolution in this regard.

The Prime Minister has approved a master plan towards 40 localities, units and256 agricultural and forestry firms, including eight under the wing of theMinistry of National Defence and four of socio-political organisations.

Up to 160 companies (62.5 percent) have completed the re-organisation and areoperating under new models. Meanwhile, 69 others (29.95 percent) are expectedto end the process and transform towards new operation models this year.

MARD Deputy Minister Ha Cong Tuan said the initial results have created changesin the management of agricultural and forestry firms under the marketmechanism.

Such localities as Lao Cai, Ha Tinh, Quang Binh, Khanh Hoa, Binh Dinh, Kien Giang,Quang Nam, Kon Tum, Long An, and businesses like Vietnam  Rubber Group and Vietnam Forestry Corporationhave made outstanding performance in this work.-VNA

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