Contents of financial supervision of state-owned enterprises by the Ministry of Health of Vietnam in 2024

Contents of financial supervision of state-owned enterprises by the Ministry of Health of Vietnam in 2024

(1) Supervising the preservation and development of capital in the enterprise.

(2) Supervising the management and utilization of state capital and assets in the enterprise, including the following contents:

- Capital investment activities for investment projects, including: capital mobilization sources, progress of investment projects, and progress of capital disbursement for investment.

- Capital investment activities outside the enterprise.

- Capital mobilization and utilization, bond issuance.

- Asset management, debt management in the enterprise, debt repayment ability of the enterprise, debt-to-equity ratio.

- Cash flow situation of the enterprise.

(3) Supervising the results of the business operations of the enterprise.

- Implementation of the approved production and business plan by the Ministry of Health; fulfilling the task of supplying products and public services ordered by the State.

- Business operation results: revenue, profit, return on equity (ROE), return on assets (ROA).

- Fulfilling obligations to the state budget.

- Profit distribution, provision, and utilization of funds.

(4) Supervising compliance with laws on investment, management, and utilization of state capital in the enterprise; issuing and implementing financial management regulations for enterprises.

(5) Supervising the restructuring of state capital invested in the enterprise.

(6) Supervising the implementation of the salary, remuneration, bonuses, allowances, responsibilities, and other benefits for employees, enterprise managers, inspectors, and representatives of capital in accordance with the provisions of the Labor Code 2019.

More details can be found in Decision 706/QD-BYT,taking effect on March 25, 2024.