SOEs operation to be announced publicly

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The announcement of information about the SOEs is regarded as an effective tool for the State to supervise the utilization of the State resource and prevent frauds and waste.

The Decree is expected to create an equal competitive environment to enhance the sustainable economic growth and attract more investments in businesses.

The SOEs need to announce information about their long-term strategy, production and investment plans, report their production and tasks, plans to renovate enterprises and results, organization of businesses, financial reports, salary and bonus.

According to the proposal of the ministry, information will be released on the businesses’ websites and Viet Nam’s business portal (http://www.business.gov.vn).

By Thuy Dung