In the rules-based spirit, the Vietnamese Party and State have resolutely handled officials who committed violations of law, especially those holding high-level positions, towards building a pure and strong Party, raising the Party’s prestige and consolidating public trust in the Party.
The Government has issued a programme on practising thrift and fighting wastefulness in 2019, with one of the measures requiring cutting 10 percent of regular budget spending.
State corporations and groups have been found to have committed violations worth nearly VND350 trillion (US$15.4 billion) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.
Adjustments to the draft Law on Management and Use of Public Assets were high on the agenda at the National Assembly full-time deputies’ meeting in Hanoi on April 4.
The equitization of a series of state-owned enterprises (SOEs) will end with a large part of public assets falling into the hands of a group of ‘the super rich’.