Prime Minister Nguyễn Xuân Phúc issued a directive on Thursday to speed up the restructuring of State-owned enterprises (SOE) during the 2016-20 period. The overhaul of SOEs in the previous five-year period helped reduce the number of SOEs, promote divestments from non-core businesses and increase the operational efficiency of SOEs. In the next five-year period, the Prime Minister asked relevant ministries and organisations to gear up efforts for hastening the restructuring of SOEs, with a focus on quality, rather than quantity. The Prime Minister also asked to increase supervision to prevent losses to State assets during the restructuring progress, affirming the determination to handle loss-making SOEs and inefficient projects. Accountability in the restructuring of SOEs must be clarified, while violations must be strictly handled, the decree said.

Source: Viet Nam News February 06, 2017 02:48 UTC