Vietnam: When will the manager of wholly State-owned one-member limited liability companies be assessed to have completed the task?

According to Article 16 of the Decree No. 97/2015/NĐ-CP of the Vietnam’s Government, the manager of wholly State-owned one-member limited liability companies is assessed to have completed the task when all of the following criteria are met:

- Always be exemplary, well abide by the guidelines and policies of the Party and the laws of the State; the law on anti-corruption; practice thrift, anti-wasting; the charter, internal rules and regulations of the corporation or company;

- Having good political and moral qualities; have a healthy lifestyle; standard working style;

- Participate in at least 01 social activity organized by the owner, group, corporation or company.

- Enterprises complete from 70% to 90% of assigned tasks according to the annual work program or plan, except for force majeure or objective reasons;

- Leading, managing, directing and operating member units or assigned fields in charge of completing assigned tasks.

Besides, the Decree No. 97/2015/NĐ-CP also stipulates criteria to assess the manager of wholly State-owned one-member limited liability companies as having excellently completed the task as following:

- Enterprises complete over 90% of assigned tasks according to annual work programs and plans, except for force majeure or objective reasons;

- Always be exemplary, well abide by the guidelines and policies of the Party and the laws of the State; the law on anti-corruption; practice thrift, anti-wasting; the charter, internal rules and regulations of the corporation or company;

- Having good political and moral qualities; have a healthy lifestyle; standard working style;

- Leading, managing, directing and operating member units or assigned fields in charge of successfully completing assigned tasks;

- Participate in at least 01 social activity organized by the owner, group, corporation or company.

More details at the Decree No. 97/2015/NĐ-CP of the Vietnam’s Government, effective from December 05, 2015.

Ty Na

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