Experts discuss equitisation efforts

Wednesday, Jul 02, 2014 08:19

HCM CITY (Biz Hub) — Social resources should be included in the equitisation of State-owned enterprises (SOEs) to pave the way for people to take control of the economy, said experts at a workshop here.

If so, stages of equitisation such as appraisal, charter capital structure, shareholder issue, apparatus and human resources will change for the better, which in turn, would bring more benefits to workers, investors and the economy as a whole, they said at the workshop on June 30.

Equitisation forms part of the ongoing economic restructuring scheme, since a number of SOEs ran ineffectively, incurring huge losses in 2012 due to their scattered investments.

It is advisable to examine the performance of the SOEs' business areas and ensure they continue running productive units only, said Deputy Director of the Ho Chi Minh National Academy of Politics and Public Administration, Associate Professor Le Quoc Ly.

Under its decree issued in May, 2014, the government will, from July 10, monitor, examine and inspect SOEs with regard to the observance of law and decisions taken by their owners. The move is expected to help owners and State management agencies see a full and clear picture of operations of SOEs.

Nguyen Thi My Dung, from the University of Finance-Marketing, warned of challenges ahead during the 2014-15 equitisation plan and added that thorough preparations are vital to the process. — VNS

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