SOEs performance sets to be publicized
19:30 | 21/02/2012

VGP – The performance of State-owned enterprises will be tightly supervised and made public, said Minister of Finance Vương Đình Huệ.

Minister of Finance Vương Đình Huệ

It is part of a draft financial supervision rules over the State’s economic corporations and groups that has been finalized by the Ministry of Finance and set to be submitted to the Government for approval.

Directors who run SOEs unprofitably in two consecutive years will have their responsibilities examined, Minister Huệ further added.

In case that a SOE shows signs of financial unsafety, the State will impose special supervision regime over it.

Holding 70% of the country’s fixed assets, 20% of social investment, 50% of State-fundec capital, 60% of banking loans and 70% of the ODA, SOEs need to set good examples for other economic sectors, the Minister said.

By Hải Minh

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