Separation of State-Owned Enterprise Management from Policies for Officials and Public Employees

09:34, 11/07/2024

June 3, 2017, the Central Executive Committee issued Resolution 12-NQ/TW on continuing the reorganization, renewal, and enhancement of the efficiency of state-owned enterprises (SOEs). Numerous tasks and solutions have been proposed. Notably:

Regarding the management staff:

- Separate the management of State-Owned Enterprises (SOEs) from the policies for public employees and officials;- Publicize and transparently implement the recruitment and appointment mechanisms through competitive exams for positions and job roles within the enterprise;- Resolutely fight against, prevent, detect, thwart, and handle "interest groups", "backyards", and the abuse of position and authority to manipulate the activities of SOEs for personal profiteering and corruption.

Regarding the restructuring of SOEs:

- Expand the methods for selling shares and capital contributions; apply bankruptcy measures to SOEs that fall into bankruptcy and cannot recover;- Strictly handle cases of undervaluation of State assets and capital, and the value of enterprises that do not conform to the law for profiteering, which causes loss of State assets and capital.

See details in Resolution 12-NQ/TW by the Central Executive Committee of the XII Congress of the Communist Party.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn