Public role crucial to SOEs equitisation: experts - Public role crucial to SOEs equitisation: experts - Website Ho Chi Minh City
Social resources should be drawn into the equitisation of State-owned enterprises (SOEs) to pave the way for people to take control of the economy, experts suggested at a Ho Chi Minh City workshop on June 30.
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, bring more benefits to workers, investors and the economy as a whole, they said.
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 fields and 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 monitor, examine and inspect SOEs in the observance of law and decisions by their owners from July 10. The move is expected to help owners and State management agencies to see a full and clear picture of SOEs’ operations.
Nguyen Thi My Dung from the University of Finance-Marking warned of challenges ahead during the 2014-2015 equitisation, adding that thorough preparations are vital to the process.