Hanoi (VNA) – Deputy PrimeMinister Vuong Dinh Hue has urged ministries, agencies and localities to promptlyfulfill assigned tasks regarding equitisation and divestment in State-ownedenterprises (SOEs), towards making them more transparent, healthy andefficient. 

He requested that SOEs restructurethemselves in terms of apparatus, personnel, strategy, governance, finance,technology and products.

He urged completely fixing shortcomings andweaknesses of SOEs as well as dealing with loss-making and inefficient firms andprojects, and determining the responsibilities of individuals and unitsconcerned.

The Deputy PM asked ministries and agenciesto review the Corporate Law, the Law on Management and Utilisation of StateCapital Invested in the Enterprises’ Manufacturing and Business Activities, theLaw on Cadres and Civil Servants, the Law on Bankruptcy, Labour Code andrelevant legal documents so as to submit amendments and supplements to authorisedagencies.

Ministries, agencies, localities, Statecorporations and groups must continue hastening administrative reform andimproving the business climate and legal environment towards achieving the goalof having 1 million enterprises by 2020, he said.

They were also asked to urge equitisedcompanies to list on bourses, strengthen supervision, audit to prevent capitalloss and adopt corporate governance principles in line with internationalpractices.

Ministers, Chairs of People’s Committees ofcentrally-run cities and provinces and Chairpersons of Members’ Councils ofeconomic groups must bear responsibility in this regard, he said.-VNA