SOEs failed to disclose business information to be punishedThe Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015. (Photo: baodautu.vn)According to the ministry’s report, by the end of 2017, only 265 out of 622 SOEs sent reports to publicise their information on MPI’s business information portal. Besides, many subsidiaries failed to follow the Decree, including one under the Vietnam National Oil and Gas Group (PetroVietnam), two under the Vietnam National Chemical Group (VinaChem), five under the Vietnam National Coal – Mineral Industries Holding Corporation (VinaComin), and four under the Vietnam Rubber Group (VRG). As of December 31, 2017, only 20 out of 84 governing bodies disclosed their business information in line with the decree. The rest have yet strictly followed the decree, in terms of setting up a column to disclose their business information, inspection, monitoring and violation handling.

Source: VietNamNet News March 13, 2018 12:33 UTC