Exclude the supports for Covid-19 for classification of state-owned enterprises

On July 18, 2022, the Government issues the Resolution No. 87/NQ-CP on removing difficulties and problems related to the classification of state-owned enterprises contributing to and supporting Covid-19 pandemic prevention and control.

Accordingly, the Government agrees that state-owned enterprises contributing to the Vietnam Fund for Vaccination Prevention of Coronavirus Disease 2019 and supporting Covid-19 pandemic prevention and control shall be entitled to exclude their contributions, and support upon calculating criteria for operational efficiency assessment and enterprise classification.

Classification of state-owned enterprises
Exclude the support for Covid-19 for the classification of state-owned enterprises (Illustration)

The considered scope of exclusion includes:

- Expenses for, and contributions to, the pandemic prevention and control with adequate documents as prescribed in Decree No. 44/2021.

- Revenue reductions due to exemption or reduction of service charges or prices to support citizens and enterprises during the pandemic period according to the Government’s general policies or the Prime Minister’s directions.

Principle of implementation: Enterprises’ contributions and support shall be excluded in the year of assessment and classification in which their operation results are affected

This Resolution takes effect from the signing date and shall be applicable to the operational efficiency assessment and enterprise classification in 2021 and 2022.
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