Wastefulness remains popular, causing serious consequences: PM

None of the 19 enterprises that had their equitisation plans approved have managed to reach their target goals during a one year period, a report from the Ministry of Planning and Investment (MPI) showed.

Deputy Prime Minister Le Minh Khai on May 25 asked the Vietnam National Chemical Group (Vinachem) to exert every effort toward effective restructuring, while working with the group to assess operations over the 2016-2020 period.

The Ministry of Planning and Investment (MPI) has been assigned to coordinate with related ministries to devise and propose policies and measures for attracting international financial funds and capital sources to public - private partnership (PPP) projects in Vietnam.

Prime Minister Nguyen Xuan Phuc has signed a decision promulgating the Government’s master plan on thrift practice and wastefulness combat.

With new revisions and supplements to the Law on State Audit, the State Audit of Vietnam (SAV) is expected to greatly help to improve the transparency, efficiency, and effectiveness in the management and use of public finance and assets and the corruption fight.

Vehicle licence plates have to be considered public assets eligible for transactions, experts said about the Government’s plan to sell highly sought-after lucky numbers via auctions.

After nearly 40 years of operation (1979-2018), the ASOSAI has made practical contributions to the Asian economy in general and public management in Asian countries in particular.

State corporations and groups have been found to have committed violations worth nearly 350 trillion VND (15.5 billion USD) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.

Prime Minister Nguyen Xuan Phuc has urged the State Audit Office of Vietnam (SAV) to work harder to figure out the root causes behinds wrongdoings in the use of State resources to trigger loss and misspending of public assets, thus devising prompt and efficient preventive solutions.

How to improve the efficiency of public asset management was tabled at a conference jointly held by the Ministry of Finance and the International Data Group, Inc. (IDG) in Hanoi on October 6.

Cabinet members discussed several draft laws in the spirit of building a constructive government with zero tolerance toward corruption during the first two days of the Government’s monthly meeting.

The Government has made efforts to improve the management of public assets but the task is made difficult by its massive scale and deficient database.