LIVE: National Assembly discusses capital and asset management and equitization of state-owned enterprises

Opening the session, Member of the National Assembly Standing Committee, Chairman of the National Assembly Economic Committee Vu Hong Thanh presented the Summary Report (full version has been sent to National Assembly deputies) of the National Assembly's Supervisory Delegation on the implementation of policies and laws on management and use of state capital and assets at enterprises and equitization of state-owned enterprises in the period 2011 - 2016.

The report affirms the importance of managing and using capital, assets, and equitizing state-owned enterprises. Accordingly, institutional improvement is carried out quite fully and more promptly than in the previous period, regularly summarizing and promptly removing difficulties; the scope of adjustment is increasingly wide, covering all areas of the economy; meeting the needs of international integration; publicity and transparency; the quality of documents is improved,...

However, the institutionalization of the Party and National Assembly's policies on capital and asset management and equitization of state-owned enterprises is still slow. Some regulations are unclear and inconsistent, and some major issues have not been thoroughly handled. Stability and systematization are still limited, and many documents are frequently revised and supplemented. Policies on appointing and supervising business leaders are not strict, and businesses' investment is not effective, leading to corruption and waste.

The report also highlights the achieved results, points out the existing causes and limitations (both subjective and objective), thereby proposing tasks and solutions to effectively implement capital and asset management and equitization of state-owned enterprises in the coming time...

Previously, to implement the supervision plan, the National Assembly's supervision delegation worked with many ministries, branches, localities, corporations, general companies and a number of state-owned enterprises; worked with the Government Standing Committee, listened to reports on the results of management and use of state capital and assets at enterprises and equitization of state-owned enterprises in the period 2011 - 2016.

After collecting reports from ministries, branches, localities and reports from local National Assembly delegations, the Supervisory Delegation completed the Report on the implementation of policies and laws on management and use of state capital and assets at enterprises and equitization of state-owned enterprises in the 2011-2016 period to submit to the National Assembly for consideration./.