Nov 15, 2011

Vietnam - Vietnam PM asks state-own groups and corporation to publicize financial situation



Vietnamese prime minister Nguyen Tan Dung has recently asked the Ministry of Finance to publicize the government's report on financial situation and operations of state-owned enterprises (SOEs).

Earlier, the government's report on socio-economic situation in 2011 and development plan in 2012 and five-year plan in 2011-2015 period presented by the prime minister, Nguyen Tan Dung, at the second session of National Assembly in XIII term, stressed that it is necessary to review and assess comprehensively the operational effectiveness of SOEs.

These SOEs were said to focus on their core business lines and resolutely implement the state capital divestments in enterprises whose dominant stake is not held by the state, at the same time, SOEs were also required to offload their investments in non-core business sectors.

In addition, it is necessary to have arrangement plans for unprofitable enterprises, organization and administration model innovation at SOEs, at the same time, improve the provisions on the represent right of owners and managers in SOEs, on state asset management mechanism in these firms and mechanism of monitoring, inspection and sanctions.

VietBiz24.Com



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