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Government inspects equitization at Vietnam Feature Film Studio

SGGP
Standing Deputy Prime Minister Truong Hoa Binh has assigned the Government Inspectorate to inspect equitization process at Vietnam Feature Film Development and Investment Joint Stock Company or Vietnam Feature Film Studio (VFS).

The headquarters of Vietnam Feature Film (VFS) in Hanoi

The headquarters of Vietnam Feature Film (VFS) in Hanoi

The requirement was made after Mr. Binh received proposals from some VFS officials and actors, petitions from Vietnam Cinema Association and reports from the Ministry of Culture, Sports and Tourism about the equitization process of VFS.
Mr. Binh asked the Government Inspectorate to conduct the inspection and report to the Prime Minister before December 1 this year.
Previously on September 21 at the Government headquarters, Deputy Prime Minister Vu Duc Dam worked with the Ministry of Culture, Sports and Tourism, the Ministry of Science and Technology, the Ministry of Finance and the company's management committee and artists from VFS.
After listening to their representatives's opinions about the problem, Mr. Dam said that the most important thing was to make the issue transparent, adding that he would report to the Prime Minister to inspect the entire equitization process.
State own Vietnam Feature Film Studio was established in 1953 under the Ministry of Culture, Sports and Tourism. Recently, many veteran artists have signed a proposal to stop equitizing the film studio.
The 60 year old brand name value has been determined at 0 dong and VFS also owns four land parcels in favorable positions in Hanoi and HCMC.

By PHAN THAO – Translated by Hai Mien

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