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Vietnam’s minVietnam continues boosting SOE renovationistries and agencies have put more effort into promoting the progress of State-owned enterprise (SOE) renovation and development.

This direction was presented in a recently issued conclusion by Deputy Prime Minister Vu Van Ninh after a last month meeting of the Steering Committee on Corporate Renovation and Development.

The committee and relevant authorities helped the Prime Minister direct the arrangement, renovation and improvement of SOEs’ effectiveness, which have gained considerable achievements during last year and the first five months of 2013.

It proposed to the Prime Minister 28 projects on the corporate renovation policies, taking account of 78 percent of the 2012 plan and 50 percent of this year’s plan.

The Prime Minister approved 99 of the 101 initiatives on the SOE arrangement and renovation of ministries, agencies and localities in the 2011-2015 period, and passed 17 of 21 projects on the restructuring of State-owned corporations and groups.

In addition to the achieved results, the conclusion also pointed out the drawbacks of SOE rearrangement, renovation and restructuring such as slow progress in issuing policies and mechanism, limited results in implementing SOE renovation projects and difficulties in withdrawing capital.

During its meeting, the Steering Committee also specifies the plans and tasks of ministries and agencies for the final months of this year.

In the coming time, it will focus on completing the policies and mechanism for SOE rearrangement, renovation and restructuring, aiming to accomplish the plans approved by the Government and the Prime Minister promptly.

Source: VNA

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