Restructuring will help State-owned businesses better perform their rolein the socialist-oriented market economy and operate effectively withassigned financial resources, said Prime Minister Nguyen Tan Dung.
PM Dung made the statement at a conference to review the arrangement andrenovation of State-owned enterprises (SOEs)during the 2001-2010period, in Hanoi on Dec. 8.
He said relevant agencieshave, over the decade, built an institutional system, including theState management of SOEs, owners’ management institution and theinstitution to ensure for SOEs’ operations.
Throughrearrangement, businesses have been expanded in scale and the efficiencyof their operation and their workers’ income have also been raised,said the PM.
The equitisation has created amulti-ownership mechanism and a new dynamic and management mechanism forbusinesses, which, he said, have helped businesses operate moreeffectively and be managed in a transparent and public manner.
According to the PM, SOEs in general have met requirements assigned bythe State, including ensuring energy security, stabilising the nation’sfinancial markets and promoting socio-economic development in the fieldswhere the private sector has not yet operated, such as aviation,telecommunications, construction of major projects, security anddefence.
The PM also pointed out their shortcomings andweaknesses that need to be solved in future, due to untimely andunsuitable management mechanisms, slow equitisation, low businessefficiency in many SOEs, along with prolonged financial losses.
PM Dung laid stress on the consistent targets of continuing torestructure SOEs for more effective operation and ensuring competentperformance of the role and tasks assigned by the Party and State,including ensuring macro-economic stability.
Ministriesand branches should focus on finalizing the institutions for management,and ownership and managements of SOEs, as well as Party work in thesebusinesses, he said.
The PM also asked ministries, branches and localities to approve their SOEs’ restructuring schemes in 2011.
Over the past 10 years, the country has rearranged more than 4,750 SOEs, including equitising almost 3,390 businesses.
As of October, 2011, the country had 1,309 SOEs, including 452 involvedin security and defence and the remaining in business activities.
Meanwhile, State-owned corporations and groups with multi-ownership structure operate mainly in key sectors of the economy./.
PM Dung made the statement at a conference to review the arrangement andrenovation of State-owned enterprises (SOEs)during the 2001-2010period, in Hanoi on Dec. 8.
He said relevant agencieshave, over the decade, built an institutional system, including theState management of SOEs, owners’ management institution and theinstitution to ensure for SOEs’ operations.
Throughrearrangement, businesses have been expanded in scale and the efficiencyof their operation and their workers’ income have also been raised,said the PM.
The equitisation has created amulti-ownership mechanism and a new dynamic and management mechanism forbusinesses, which, he said, have helped businesses operate moreeffectively and be managed in a transparent and public manner.
According to the PM, SOEs in general have met requirements assigned bythe State, including ensuring energy security, stabilising the nation’sfinancial markets and promoting socio-economic development in the fieldswhere the private sector has not yet operated, such as aviation,telecommunications, construction of major projects, security anddefence.
The PM also pointed out their shortcomings andweaknesses that need to be solved in future, due to untimely andunsuitable management mechanisms, slow equitisation, low businessefficiency in many SOEs, along with prolonged financial losses.
PM Dung laid stress on the consistent targets of continuing torestructure SOEs for more effective operation and ensuring competentperformance of the role and tasks assigned by the Party and State,including ensuring macro-economic stability.
Ministriesand branches should focus on finalizing the institutions for management,and ownership and managements of SOEs, as well as Party work in thesebusinesses, he said.
The PM also asked ministries, branches and localities to approve their SOEs’ restructuring schemes in 2011.
Over the past 10 years, the country has rearranged more than 4,750 SOEs, including equitising almost 3,390 businesses.
As of October, 2011, the country had 1,309 SOEs, including 452 involvedin security and defence and the remaining in business activities.
Meanwhile, State-owned corporations and groups with multi-ownership structure operate mainly in key sectors of the economy./.
