The Government chief also asked his inferiors to finalize the plans on arrangement, renovation and equitization of SOEs in January 2012.

The objective of the move is to rationalize the structure and to improve the efficiency and competitiveness of the SOEs.

Inferior levels were urged to perfect mechanisms and policies in order to create a more favorable legal corridor for SOEs. 

The Ministry of Finance (MoF) is in charge of issuing regulations regarding finance and investment management, and capital use in SOEs and financial management and supervision in single member limited liability companies.

The State Bank of Việt Nam is responsible for amending and supplementing regulations on share purchase for foreign investors at commercial banks.

By Kim Anh