Law on Management and Investment of State Capital in Enterprises

Delegate Pham Van Hoa (Dong Thap delegation) mentioned the case of a state-owned enterprise making a profit, but the workers received 3 million VND, and the enterprise chairman received 100 million VND. Photo: Bao Han

Workers get 3 million, chairman gets 100 million

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The delegate mentioned the case of a profitable state-owned enterprise. When distributing profits, workers receive 3 million VND and the enterprise chairman receives 100 million VND.

Prime Minister Pham Minh Chinh spoke about the “blue team, red team” bidding that led to many cases of officials being disciplined continuously. Photo: Pham Dong

With every bidding back and forth, many officials were disciplined continuously

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The Prime Minister cited the case of state-owned enterprises bidding back and forth, with "blue and red teams", leading to many cases of officials being continuously disciplined.

National Assembly delegate Hoang Van Cuong spoke about the unclear law leading to the collapse of some corporations and general companies without assigning responsibility. Photo: Pham Dong

Groups and corporations collapse but it is not easy to assign responsibility

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National Assembly delegates cited recent examples of a number of corporations and general companies collapsing, but assigning responsibility is not easy because the law is unclear.

Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh suggested that the drafting agency add regulations to handle cases of undervaluation of assets and enterprise values, causing loss of state capital. Photo: National Assembly

Supplementing regulations on handling cases of asset undervaluation

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The auditing agency proposed to supplement regulations on handling cases of undervaluation of assets and enterprise value, causing loss of State capital.

The Government proposes not to regulate the content and mechanism of salary payment at enterprises. Illustration photo: VGP

No regulations on salary payment mechanism at the enterprise

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The Draft on Management and Investment of State Capital in Enterprises (amended) does not stipulate the content and mechanism for paying salaries and bonuses in enterprises.