Decision No. 22/2021/QD-TTg on Criteria for Classifying State-owned Enterprises and State-capital Enterprises for Ownership Conversion, Restructuring and Divestment for 2021-2025

Ministry of Finance

Vietnam's central finance ministry: the state budget, taxation, customs, the state treasury, public debt, state reserves, and accounting and pricing policy. In the 2025 reorganisation it absorbed the former Ministry of Planning and Investment, adding national development planning, public investment and statistics.

Document Type	Document Number	Status	Date Effective	Issuing Body	Official Source URL
Decision	22/2021/QD-TTg	Partially in effect	19/08/2021	Ministry of Finance	https://phapluat.gov.vn/legal-documents/153881

Summary

Decision No. 22/2021/QD-TTg, issued by the Prime Minister on 2 July 2021, prescribes criteria for classifying state-owned enterprises (SOEs) and enterprises with state capital to guide ownership conversion, restructuring and divestment in the 2021-2025 period. The Decision is issued pursuant to the Government Organization Law (2015), the Enterprise Law (2020) and the Law on Management and Use of State Capital Invested in Production and Business at Enterprises (2014). It provides the legal basis for reviewing and compiling the Plan on maintaining one-member limited liability companies wholly owned by the State, ownership conversion (including equitization, sale of entire enterprises, conversion into multi-member LLCs), restructuring (including merger, consolidation, split, separation, dissolution, bankruptcy) and divestment of state capital during 2021-2025. Specific entities…