Hai Duong inspects 3 state-owned enterprises and enterprises with state capital

The inspection team conducted a surprise inspection of Lai Vu Industrial Park One Member Co., Ltd. on production and business activities, fulfillment of obligations to the state budget; receipt, management, use of state assets, land, investment, construction; management of land rents of secondary investors.

According to the plan to restructure state-owned enterprises, by the end of 2025, Lai Vu Industrial Park One Member Co., Ltd. must be equitized, with the expected state capital holding ratio below 50%. However, the enterprise is facing difficulties with the construction cost of about 468.4 billion VND, which was handed over to Hai Duong province for management but did not have complete documents to settle the items and works. Meanwhile, 3 enterprises under the Vietnam Shipbuilding Industry Group did not pay land rent, infrastructure rent and did not liquidate assets...

The inspection team conducted a comprehensive inspection of Hai Duong Seed Joint Stock Company to assess the land use situation, financial obligations to the State, and the suitability of land use planning for the entire land area the enterprise is using; clarifying the responsibility for fulfilling obligations to the State in the use of public assets. Currently, the State holds 49% of the enterprise's charter capital. Hai Duong Seed Joint Stock Company must divest all State capital in the 2017-2020 period. However, due to the existence of asset groups resulting from projects using State investment capital that have not been processed, the enterprise has not yet divested capital.

The inspection team will conduct a comprehensive inspection of land, minerals, financial situation and assets of Phuc Son Cement Company. Based on the inspection conclusions, a plan and scheme for divestment of state capital will be developed. As of December 31, 2023, the accumulated loss of this enterprise is nearly 860 billion VND. Currently, the production and business situation of the company is very difficult, the workforce is cut, and there are continuous losses. The enterprise shows signs of financial imbalance and cannot preserve capital.