He requested that SOEs restructure themselves in terms of apparatus, personnel, strategy, governance, finance, technology and products.
He urged completely fixing shortcomings and weaknesses of SOEs as well as dealing with loss-making and inefficient firms and projects, and determining the responsibilities of individuals and units concerned.
The Deputy PM asked ministries and agencies to review the Corporate Law, the Law on Management and Utilisation of State Capital Invested in the Enterprises’ Manufacturing and Business Activities, the Law on Cadres and Civil Servants, the Law on Bankruptcy, Labour Code and relevant legal documents so as to submit amendments and supplements to authorised agencies.
Ministries, agencies, localities, State corporations and groups must continue hastening administrative reform and improving the business climate and legal environment towards achieving the goal of having 1 million enterprises by 2020, he said.
They were also asked to urge equitised companies to list on bourses, strengthen supervision, audit to prevent capital loss and adopt corporate governance principles in line with international practices.
Ministers, Chairs of People’s Committees of centrally-run cities and provinces and Chairpersons of Members’ Councils of economic groups must bear responsibility in this regard, he said.