Publication: Transparency of State Owned Enterprises in Vietnam : Current Status and Ideas for Reform
Date
2014
ISSN
Published
2014
Author(s)
World Bank
Abstract
Information disclosure by State Owned
Enterprises (SOEs) is part of a broader agenda to promote
greater public sector transparency in Vietnam. Recent
studies by the World Bank and others have shown that despite
progress, compliance with legal requirements for
transparency remains a challenge across a wide range of
public sector governance areas in Vietnam. However, the
marginal benefit to increased transparency is very
significant. Timely availability of credible economic data,
and better communication of policy changes, can help reduce
market uncertainty and perceptions of risk. Transparency of
SOEs is particularly important given their large presence in
Vietnam s economy. In a survey conducted in 2011 for the
Vietnam Development Report (2012) entitled Market Economy
for a Middle Income Vietnam , improving transparency was
cited by respondents as the top reform solution for SOEs in
Vietnam together with accelerating equalization. Prime
Minister s Decision 929 (2012), which sets out an overall
plan to restructure General Corporations and State Economic
Groups, sets out several commitments to help improve the
transparency of SOEs. The SOE transparency agenda is an
important part of the program supported under the Economic
Management and Competitiveness Credit (EMCC) budget support
operation. It is with this background that this Policy Note
was prepared to help promote a dialogue between the
Government of Vietnam and Development Partners on ways to
enhance disclosure of information by SOEs.
Link to Data Set
Citation
“World Bank. 2014. Transparency of State Owned Enterprises in Vietnam : Current Status and Ideas for Reform. © Washington, DC. http://hdl.handle.net/10986/19318 License: CC BY 3.0 IGO.”