Chủ đề: state-owned enterprises

During the second quarter of this year, the Ministry of Labor, Invalids and Social Affairs is expected to submit to the government amendments to regulations on labor management, wages, and bonuses for managers and employees at State-owned enterprises (SOEs), according to market principles and associated with workplace productivity and production and business efficiency.

State-owned enterprises (SOEs) still face difficulties in doing business. The State Capital Investment Corporation (SCIC) has therefore made a number of recommendations to the government regarding solutions and policies to remove the obstacles, to improve the competitiveness and efficiency of SOEs in socio-economic development.

The Ministry of Planning and Investment (MPI) is developing a report on continuing to innovate and improve the performance of State-owned enterprises (SOEs) in socio-economic development. By the end of 2025, 100 per cent of State-owned economic groups and corporations are to meet modern standards on corporate governance and international practice, at least six groups and corporations are to have a scale and capacity on par with regional and international counterparts, and three centers for innovation ecosystem are to be founded.

In a report submitted to the ongoing National Assembly (NA) session, State Audit of Vietnam identified a series of violations in the management and use of State capital at 17 groups and corporations. Audited enterprises are profitable, the report noted, but their management and use of capital and assets exhibit many loopholes and are not in accordance with State regulations. The management and collection of debts at many enterprises are also poor. Some enterprises have invested in real estate and completed construction but been slow to sell their property products, reducing the efficiency of capital use.

According to a summary of audit results in 2020, although the 17 audited State-owned enterprises (SOEs) are profitable, the management and use of capital and assets exhibit violations and are not in accordance with State regulations. Management and debt collection remain quite weak at many. A number of real estate investment enterprises are yet to sell products from completed projects, which reduces the efficiency of capital use.