Transparency of State Owned Enterprises in Vietnam : Current Status and Ideas for Reform

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 requi...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO BANK ACCOUNTABILITY ACCOUNTING ACTION PLANS ADMINISTRATIVE SANCTIONS AGENCY COSTS ALLOCATION OF RESOURCES AMOUNT OF DEBTS AUDIT COMMITTEE BALANCE SHEETS BANK CREDIT BANK POLICY BANKING SECTOR BANKRUPTCY BOARD MEETINGS BUSINESS ACTIVITIES BUSINESS ENVIRONMENT BUSINESS OBJECTIVES BUSINESS OPERATION BUSINESS OPERATIONS BUSINESS ORGANIZATION BUSINESS PERFORMANCE BUSINESS PLAN BUSINESS REGISTRATION BUSINESS STRATEGIES BUSINESS STRATEGY CAPITAL INVESTMENT CASH FLOW CENTRAL GOVERNMENT CEO CERTIFICATE CHAMBER OF COMMERCE CHARTER CHECKS COMMERCIAL BANK COMMERCIAL BANKS COMPANY COMPETITIVENESS CONGLOMERATE CONGLOMERATES CONSOLIDATION CORP. CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE PERFORMANCE CORPORATE PUBLICATIONS CORPORATE RESTRUCTURING CORPORATE RULES CORPORATION CORPORATIONS CREDITORS DEBT DECENTRALIZATION DECREE DEVELOPMENT BANK DISCLOSURE OBLIGATIONS DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DISTRICTS DOMAIN ECONOMIC DEVELOPMENT ELECTRICITY ENTERPRISE LAW ENTERPRISE REFORM EQUIPMENT EQUITY CAPITAL ESTATE EXCHANGE COMMISSION EXPANSION EXPENDITURE EXPENDITURES FINANCIAL DISCLOSURE FINANCIAL INFORMATION FINANCIAL PERFORMANCE FINANCIAL REPORT FINANCIAL REPORTS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRMS FISCAL TRANSPARENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FORMER DIRECTOR GENERAL PUBLIC GOVERNMENT AGENCIES GOVERNMENT AUTHORITIES GOVERNMENT GUARANTEES GOVERNMENT MANAGEMENT GOVERNMENT OFFICE GOVERNMENT OWNERSHIP GROUP OF COMPANIES HOLDING HOLDING COMPANIES HOLDING COMPANY HOLDINGS HUMAN RESOURCES ICT IMPACT ASSESSMENTS INDEPENDENT AUDITS INDIVIDUALS INDUSTRIAL CORPORATION INFLATION INFORMATION DISCLOSURE INFORMATION GAPS INFRASTRUCTURE DEVELOPMENT INITIAL PUBLIC OFFERING INSPECTION INSPECTIONS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDIT PROCEDURES INTERNATIONAL DEVELOPMENT INVESTMENT CAPITAL INVESTMENT CORPORATION INVESTMENT PORTFOLIOS INVESTMENT PROJECTS IPO JOINT STOCK COMPANY JOINT VENTURES JOINT-STOCK COMPANIES JOINT-STOCK COMPANY LAN LEASING LEGAL PROVISIONS LEGAL REGULATIONS LEGAL REQUIREMENTS LEGISLATION LEGISLATIVE FRAMEWORK LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANY LISTED COMPANIES LISTED COMPANY LOSS STATEMENTS MAJOR SHAREHOLDERS MANAGEMENT SYSTEM MANAGERS MARKET ECONOMY MARKET SHARE MARKET VALUE MARKETING MATERIAL MERGER MERGERS MINISTRIES OF FINANCE MINISTRY OF FINANCE MONETARY POLICY MONOPOLY MULTIMEDIA NATURAL RESOURCE NAVIGATION ONLINE SERVICES OUTSTANDING DEBTS PARENT COMPANY PARTY PDF PERFORMANCE INDICATORS POLITICAL CONSENSUS POLITICAL ECONOMY POLITICS OF GOVERNMENT OWNERSHIP PORTFOLIO PRIVATE COMPANIES PRIVATE ENTERPRISE PRIVATE ENTERPRISES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENT PUBLIC ASSETS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INSTITUTIONS PUBLIC PROCUREMENT PUBLIC SECTOR REAL PROPERTY REGISTRATION OF SECURITIES REGULATORY FRAMEWORK REPRESENTATIVES RESULT RESULTS RETURN RETURNS RISK FACTORS RISK MANAGEMENT SEARCH SEARCHES SECURITIES LAW SECURITIES MARKET SETTLEMENT SHARE CAPITAL SHAREHOLDERS SOCIETY STAKEHOLDER STAKEHOLDERS STATE AGENCIES STATE BANK STATE BUDGET STATE ENTERPRISES STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES STOCK COMPANIES STOCK COMPANY STOCK CORPORATION STOCK EXCHANGE STOCK MARKETS STOCKHOLDER STOCKS SUBSIDIARIES SUBSIDIARY SUBSIDIARY COMPANIES SUPERVISION TARGETS TAX TELECOMMUNICATIONS TRADING TRANSPARENCY USERS VALUATION VALUATIONS VOTING WEB WEB PORTAL WEB PORTALS
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19902783/transparency-state-owned-enterprises-vietnam-current-status-ideas-reform http://hdl.handle.net/10986/19318

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Summary:	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.

Transparency of State Owned Enterprises in Vietnam : Current Status and Ideas for Reform

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