Restructuring State-owned enterprises (SOEs) with a focus on groups and
corporations is a priority of the Vietnamese Government in 2013, with
the hope of directing the capital flow on the right track and improve
the performance of this sector.
By the end of
2012, 75 groups and corporations completed their restructuring projects,
45 of which received approval from competent authorities.
Dang Quyet Tien, deputy director of the Corporate Finance Agency under
the Ministry of Finance said the aim of restructuring is to establish
strong economic groups, which will be able to invest in highly
profitable sectors, bringing large revenue for the State.
Up to now, State-owned enterprises which have their approved
restructuring projects are ready to implement them as scheduled.
The National Power Transmission Corporation of the Electricity of
Vietnam (EVN) will reorganise its system and reform business
administration to increase the effectiveness of power transmission and
reduce the power loss to 8 percent.
According to a
member of the corporation’s council, Nguyen Duc Cuong, the corporation
will seek foreign investment in 2013, while increasing the application
of science and technology in operation and management.
Restructuring SOEs is a right and inevitable policy. It is also an
urgent task to bring about an effective and positive change for
businesses and help them raise their competitiveness in the increasingly
deep and broad international integration.
To make the
strategy effective, concerted measures need to be carried out, including
issuing a mechanism to monitor and evaluate the operations of
State-owned enterprises.-VNA