State-owned enterprises (SOEs) may be asked to publish financial information on their websites or other means of communication, according to a draft Circular of the Ministry of Finance.

Specifically, SOEs will have to make public their annual financial reports within ten days since independent auditors sign the audited reports.

The annual financial reports must be published within 90 days since the end of a financial year.

All the SOEs have to set up their own websites within six months after the Circular takes effect, the Ministry of Finance said, adding that financial information must be made available on the websites.

The draft document, posted on the website of the Finance Ministry for public comments, is a step forward in implementing the Government’s Decree 61/2013/ND-CP dated June 25, 2013.

The Decree covers regulations on financial supervision, performance assessment and information publicity on enterprises wholly or partially owned by the State.-VNA