After transformation, the State will hold less than 50% of chattered capital or no stakes at all in such enterprises. That means more business opportunities will be offered to other private investors.

The list of public sectors to allow for corporate transformation include clean water supply, water drainage and waste water treatment, environment, lighting, technical supporting service for science research and technology development, intellectual property, technology transfer and quality control.

Public enterprises active in consulting services for urban planning, accountancy, audit, taxation, property valuation, market research, business administration and public surveys are also allowed to undergo transformation.

In addition, in areas of maintenance and construction sectors, units allowed to turn into joint stock companies shall engage in management and maintenance of road and waterway systems, management and maintenance of coach and railway stations, technical inspection for vehicles, construction testing service, infrastructure development for industrial zones, and supporting services at industrial zones.

In reality, some public units under the Ministry of Transport have actively transformed themselves into joint stock companies, including roads and inland waterways management units.

Source: thesaigontimes.vn