| SCIC takes over State stakes in eight waterway management units |
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11/9/2016 4:38:12 PM The Ministry of Transport on November 7 transferred the right to State ownership at eight inland waterway management companies over to State Capital Investment Corporation (SCIC), upon the request of Deputy Prime Minister Vuong Dinh Hue. Inland waterway management units No. 4, 7, 9, 11, 12, 13, 14 and 15 under the Vietnam Inland Waterway Administration have gone public and become inland waterway management joint stock companies since early 2015.
Hoang Nguyen Hoc, deputy general director of SCIC, said the corporation will still cooperate with relevant ministries and local authorities to manage these companies and their State capital effectively, as well as enhance business values.
Deputy Minister of Transport Nguyen Hong Truong urged these companies upon coming under SCIC’s umbrella to strengthen organizational work, consolidate business development activities, improve living standards for workers, and coordinate with the Vietnam Inland Waterway Administration and the Ministry of Transport to implement projects and maintain inland waterways well.
The equitization of inland waterway management stations has been trialed since 2013.
Still, the transport ministry stated equitization of public service units was an inevitable trend. |
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