Deputy PM Hue: SOE equitisation goal urged to improve quality

Tuesday, 2017-04-11 04:56:43
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Deputy Prime Minister Vuong Dinh Hue
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NDO – The restructuring State-owned enterprises’ (SOEs) target should not only be attained in terms of quantity but also quality.

The statement was made by Politburo member and Deputy Prime Minister, Vuong Dinh Hue, who is also Head of the Central Steering Committee for the Innovation and Development of Enterprises, in Hanoi on April 10, on building a project to restructure SOEs in the 2016-2020 period.

The Deputy PM asked the MoF to analyse the results in restructuring SOEs over the past years to identify the limitations and unachieved goals in order to overcome them in the future, such as the high capitalisation rate of the State, the arrangement of SOEs in the major fields of the economy and the improvement of the efficiency, productivity, scientific and technical application and competitiveness of the enterprises.

It is essential to ensure the consistency and efficiency of the SOEs as well as promote their role for the economy, while implementing the project, added Deputy PM Hue.

He noted that the project should clarify measures to mobilise resources from the market to actively participate in restructuring the SOEs.

In addition, the project needs to clearly assign and decentralise the Government, PM and the Steering Committee for Enterprises’ Innovation and Development as well as ministries and localities, to decide on issues related to restructuring the SOEs, the Deputy PM noted.

Regarding legal issues, he asked the ministries to review and further amend and supplement the system of regulations on the State management function, representatives of the State in enterprises, equitisation, SOE valuation methods, and supervision of investment resources of SOEs.