Prime Minister Nguyen Tan Dung has requested the transformation of wholly State-owned enterprises be speeded up to ensure all of them start operating as joint stock or limited liability companies by July 1 next year in accordance with the deadline set by the Enterprise Law.

In his instruction 854/CT-TTg, the PM also required the Ministry of Planning and Investment to finalise the draft Government decree on a pilot economic conglomerate model in order to submit it to the PM for approval in July, 2009.

The PM also requested the economic conglomerates’ executive boards to review their business activities, investment lists and their long term investment strategies to ensure effective business operation./.