At the 5th session of the 14th National Assembly (Photo: VNA) Hanoi (VNA) – The discussion at the National Assembly on theequitisation of State-owned enterprises (SOEs) during 2011-2016 attracted greatinterest of voters nationwide, with many urging more efforts to improve legalframework for the work.
Lawyer Pham Ngoc Luong, standing chairman of the business association ofLao Cai province, said incomplete laws and policies, especially inconsistency amongministries’ circulars guiding the implementation of laws, caused manydifficulties in carrying out SOE equitisation, resulting in delay, losses andwastefulness, along with inadequate attention to labourers’ interest.
Therefore, it is necessary to push ahead with building a complete legalframework, particularly regulations on the role of the Party andsocio-political organisations in the equitisation process, to ensuretransparency and the involvement of all stakeholders in the process, he said.
Lecturer Do Thi Thuy, Vice Dean of the Economics-Technology Departmentat Hoa Lu University in Ninh Binhprovince, shared the view, adding that the Ministry of Finance should quicklyissue guidance on foreign investors’ contribution of capital and purchase of sharesin Vietnamese enterprises.
She also emphasized the need to complete the system of institutions forthe market economy, thus ensuring equal and transparent competition amongenterprises of different types of ownership.
Dinh Gia Nghia, Deputy Director General of the Dong Giao food exportjoint stock company in Ninh Binh, was of the opinion that during equitisationof SOEs, at least 65 percent of the State-owned stake should be put on sale inorder to allow investors to have a voice in running the enterprises.
According to Bui Quang Tin, executive director of the BizLight businessschool in Ho Chi Minh City, persuading foreign investors to become strategic investorsof equitised SOEs is one of the solutions to improve the equitisation processand the quality of corporate governance after equitisation.
The implementation of policies and laws on the management and use ofState capital and asset in enterprises and the equitisation of State-ownedenterprises during 2011-2016 was the focus of discussion at the NationalAssembly on May 28 as part of the 14th legislature’s fifth session.
The discussion was broadcast live on national television and radio.-VNA
VNA
