Criteria for Assessing and Classifying State-Owned Enterprise Managers

14:40, 11/07/2024

The Ministry of Finance has just issued Circular 200/2015/TT-BTC guiding some contents regarding the supervision of State capital investment in enterprises, financial supervision, performance evaluation, and disclosure of financial information of State-owned enterprises and enterprises with State capital.

1. Successfully completed tasks when:

- Effectively implementing the evaluation criteria for the performance of business managers as guided by the Ministry of Home Affairs.- Meeting or exceeding the targets assigned by the representative agency of the owner regarding the after-tax profit-to-equity ratio; For businesses providing public utility products and services: Completing or exceeding the plan in terms of output with product and service quality meeting regulatory standards.- The business is classified as Type A.

2. Not completing tasks if falling into one of the following cases:

- Not effectively implementing the evaluation criteria for the performance of business managers as guided by the Ministry of Home Affairs.- Achieving less than 90% of the targets assigned by the representative agency of the owner regarding the after-tax profit-to-equity ratio; For businesses providing public utility products and services: Achieving less than 90% of the plan in terms of output, or product and service quality not meeting regulatory standards.- The business is classified as Type C.

3. Completing tasks: All other cases not falling into the above two categories.

More details can be found in Circular 200/2015/TT-BTC effective from February 1, 2016.

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