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SOEs failed to disclose business information to be punished

Last update: 11:32 | 14/03/2018

The Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015.


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The headquarter of the Ministry of Planning and Investment in Hanoi. (Photo: baodautu.vn)



According to the ministry’s report, by the end of 2017, only 265 out of 622 SOEs sent reports to publicise their information on MPI’s business information portal. However, most of them sent only five out of nine reports required for publication.

The rest mostly operate in irrigation, agriculture, forestry, and lottery in localities. They included the Shipbuilding Industry Corporation (Vinashin), the Vietnam Express Corporation (VEC), the Vietnam Northern Food Corporation (Vinafood), the Agriculture and Rural Development Bank (Agribank), and enterprises under the Ministry of Culture, Sports and Tourism.

Besides, many subsidiaries failed to follow the Decree, including one under the Vietnam National Oil and Gas Group (PetroVietnam), two under the Vietnam National Chemical Group (VinaChem), five under the Vietnam National Coal – Mineral Industries Holding Corporation (VinaComin), and four under the Vietnam Rubber Group (VRG).

As of December 31, 2017, only 20 out of 84 governing bodies disclosed their business information in line with the decree. The rest have yet strictly followed the decree, in terms of setting up a column to disclose their business information, inspection, monitoring and violation handling.

The MPI proposed the Prime Minister instruct ministries, and the provincial People’s Committees to promptly complete their reports and send to the ministry; and deal with responsibility of the leaders of the SOEs which failed to follow the decree, and publicise the punishments on their own websites and MPI’s business information portal.-VNA

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