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 VIETNAM PM approves SOE restructure

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1alaskan
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PostSubject: VIETNAM PM approves SOE restructure    Mon Jul 23, 2012 11:58 am

PM approves SOE restructure

HA NOI – Prime Minister Nguyen Tan Dung on Friday approved a project.

It is intended that the SOEs be given a more reasonable production and business structure, made to concentrate on their core business lines, and provide public services and products for society, defence and security.

The hope is that this will enable them to play a decisive role in regulating and stabilising the macro-economy.

The restructuring is also aimed at improving competitive ability and returns on equity.
The project aims to promptly approve plans to renovate enterprises made by ministries, sectors, provinces, cities, economic groups and SOEs themselves. - VNS

http://vietnamnews.vn/Economy/227823/pm-approves-soe-restructure.html

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