The Ministry of Transport proposed to the State Committee for Capital Management in the near future to transfer ownership of the joint-stock company "Transport Hospital" to the State Investment Corporation. In a letter to the State Committee for Capital Management of the enterprise, the ministry said that the joint-stock company "Transport Hospital" lacks board members and directors.

In fact, the latest statistics on operations at the Transportation Hospital show a worrying decline in the only public health facility in the country that was selected to pilot equitization in the year. This 2015.

Specifically, in 2018, the indicators of patients with medical examination and treatment covered by health insurance (health insurance) in general decreased or did not increase compared to 2017. The total number of inpatient visits and treatment in 2018 in 2018 at The Transportation Hospital was 157,499 and 9,701 cases respectively, far less than the Dong Da Hospital located in the same area.

This results in malfunctioning of the hospital and a delay in the AGM pending the completion of the transfer of authority to another agency by the Ministry of Transport. Therefore, the committee should have a plan to help the Department of Transportation leave the hospital and transfer ownership to SCIC, the ministry said, so that an annual meeting can be held and the hospital's organizational structure can be improved. On July 23, Deputy Prime Minister Truong Hoa Binh agreed to a plan to allow SCIC to replace the Department of Transportation as the state capital control agency at the hospital.

In June 2020, the Department of Transportation announced in a document addressed to the Prime Minister that it is working on a plan to transfer public transportation hospitals to the provincial government and the Ministry of Health. in accordance with Resolution 19 of the end of October 2017 of the Central Standing Committee of the party on the renewal and replenishment of budgetary institutions.

At the meeting to handle the problems at the Transportation Hospital in March 2019, the leaders of the Ministry of Transport asked the group of shareholders of T&T Joint Stock Company, who hold dominant shares at the Hospital and hold 3/5 positions. Members of the Board of Directors (including the Chairman of the Board of Directors) immediately exercise their rights, obligations and responsibilities in accordance with the provisions of law and the Charter on the organization and operation of the Hospital, ensuring the management and operation of the Hospital continuously, smoothly, in compliance with the provisions of the law on health, business, securities.

As the Department of Health prepares to dissolve, the Department of Transport will no longer be in charge of hospitals, so the transfer of management of medical facilities to SCIC will be in line with the government's principle of unbundling of government. from business activity. In November 2019, the hospital increased its registered capital to over 391 billion VND (almost US $ 17 million) from 168 billion VND.

Following the capital increase, the state shareholders increased their registered capital to over 27.8 million shares, equivalent to 71.13% of the capital, from nearly 5.5 million shares, equivalent to 32.73% of the capital. In other shareholders, including T&T Group, their shares fell to 28.87% from 67.27%, although the number of shares remained unchanged at 11.3 million. The change of ownership insulted private investors and forced the T&T Group to leave the hospital and cease all support. which made it difficult for the hospital.

After that, the Ministry of Transport offered the government to buy out the shares of the T&T Group. The T&T Group became the hospital's second-largest shareholder at the end of 2015 after purchasing 8.64 million shares.

Transport hospital equipment: many new proposals

The government has a post-acquisition support mechanism for the Transport Hospital, including: preferential land rent exemptions and reductions; corporate income tax rate; sale of preferential shares to employees who are good specialists and doctors. The state capital of the transport hospital is 30%.

At the meeting to handle the problems at the Transportation Hospital in March 2019, the leaders of the Ministry of Transport asked the group of shareholders of T&T Joint Stock Company, who hold dominant shares at the Hospital and hold 3/5 positions. Members of the Board of Directors (including the Chairman of the Board of Directors) immediately exercise their rights, obligations and responsibilities in accordance with the provisions of law and the Charter on the organization and operation of the Hospital, ensuring the management and operation of the Hospital continuously, smoothly, complying with the provisions of the law on health, business, securities.

However, due to not meeting the initial expectation, T&T continued to reserve the point of withdrawing investment capital and resigned from receiving remuneration for the Chairman of the Board and 2 members of the Board of Directors from April 1, 2019. This continued to push the Transportation Hospital Joint Stock Company deep into the crisis of personnel and organization.

Accordingly, the hospital will take the form of corporatization combined with the sale of part of the state capital and the issue of additional shares to increase its authorized capital. The hospital has a business value of VND 158.54 billion (of which the state's capital is VND 158.5 billion) and is expected to have a registered capital of VND 168 billion, or 16.8 million shares. (par value 10,000 VND per share).

To increase the feasibility of the equitization plan, the Central Transport Hospital proposes to inherit a number of preferential policies issued by the prime minister in the public health sector, such as land rent, land rent exemption; corporate income tax rate of 10% for the entire operation.

It should be added that the Central Transportation Hospital is a well-known name in the field of medical examination and treatment in Vietnam. This is a hospital located in the central area of the city. Hanoi with an area of up to 21,200 m2 in lane 1194 - Lang Street (Dong Da District) and is completing a project for the construction of a 7-storey medical building with a modern equipment system worth 15 million US dollars with ODA funds. Ministries. International Fund for the Development of Petroleum Exporting Countries (OFID).