THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Gov’t plans to rearrange SOEs
VGP – The Government has just fixed an action plan with 18 items of work to be completed within 2010 with a view to improving the management and use of capital and properties in State-run economic groups and corporations.
The plan is a move to
realize the NA’s Resolution 42/2009/QH12 on effectively enforcing policies and
laws on management and use of capital and properties in State-owned enterprises
(SOEs).
The
Vietnamese Government is determined to drastically rearrange unfruitful SOEs – Illustration
photo
The Government will review,
revise, supplement and finalize legal documents on corporate management; on
management and use of capital, property and land in SOEs; and on equitizing
wholly SOEs.
The Law on using
State-owned capital and property for business investments will be set up soon. While
waiting for the Law, the Government will assign the Ministry of Finance to
draft, within the second quarter, a Decree on managing and using State capital.
From now to September 2010,
the Government will thoroughly analyze and assess the performance of SOEs,
their status and role in the national economy and in each sector, and the State
management over these entities.
The Government pledges to
rearrange unfruitful SOEs and strictly punish liable individuals.
By mid-year, the Steering
Committee for Corporate Renovation and Development will design and submit to
the Government a plan on rearranging SOEs, so as to form powerful ones which
can compete with regional and international counterparts.
Within March, all
ministries, sectors and provincial-level People’s Committees which are managing
SOEs will set up plans on streamlining enterprises and submit them to the PM.