Measures to tighten capital management at SOEs
20:11 | 13/06/2012

VGP – The Government will amend the Decree 132/2005/ND-CP dated on October 20, 2005 on exercising rights and obligations of the State Owner at State Owned Enterprises (SOEs) in a bid to overcome shortcomings of capital management there.

Minister of Planning and Investment Bui Quang Vinh - Photo: VGP

The news was confirmed by Minister of Planning and Investment Bui Quang Vinh at the on-going Q&A session of the National Assembly on Wednesday.

Under the Decree, the State is the Owner of the State Owned Enterprises. The Government uniformedly manage and organize the practicing of the State Owner at the State Owned Enterprises.

The Prime Minister directly exercises or delegate his power to the relevant ministries to exercise a number of the rights and obligations of the Owner at the State Owned General Corporations or State Owned Autonomous Companies of extreme importance whose establishment was by his decisions.

The Ministry of Finance and other Line Ministries shall exercise a number of rights and obligations of the Owner at State Owned Companies on the areas of their assignments.

Minister Vinh said SOEs shall not have to report their capital use to the Ministry of Planning and Investment under the current regulations, thus the amendments to the Decree 132/2005/ND-CP is necessary in order to clarify the role and responsibilities of line ministries in exercising rights and obligations of the State Owner at SOEs.

Minister of Finance Vuong Dinh Hue, who also attended the Q&A session, proposed establishing a bureau under his Ministry to monitor and evaluate the performances of SOEs.

The Government also asked the National Assembly to develop the Law on State Capital Management which will be discussed next year, Minister Hue said.

By Huong Giang

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