The Government has issued Decree No. 365/2025/ND-CP on supervision, inspection, evaluation, classification, reporting and disclosure of information in the management and investment of state capital in enterprises.
According to regulations, the results of enterprise evaluation are the basis for ranking enterprises.
The results of enterprise classification serve as a basis for setting up the Enterprise's Commendation and Welfare Fund; evaluating representatives of direct owners, controllers; considering investing state capital to supplement charter capital for enterprises.
The Decree specifically stipulates the assessment and classification of enterprises held by the State at 100% of charter capital.
Based on the field of operation, specialty, and specific production and business characteristics of each enterprise, the representative agency of the owner assigns basic indicators to evaluate the enterprise, including:
Indicator 1: Total revenue;
Indicator 2: Profit after tax;
Indicator 3: Rate of return after tax on equity (ROE);
Indicator 4: Value of implemented volume or disbursed value for investment projects managed by enterprises under the Law on Public Investment; investments and investment projects considered and approved by the owner's representative agency according to regulations;
Target 5: Perform assigned tasks.
The implementation of the task of providing public products and services is assigned and ordered by the State; the implementation of political, defense, and security tasks is assigned by competent authorities.
5 bases for evaluating and ranking enterprises include:
1. Level of task and target implementation assigned annually.
2. Audited annual financial statements of the parent company.
3. Results of supervision and inspection of state capital management and investment activities at enterprises.
4. Overall operational efficiency of enterprises, considering excluding impacts according to regulations.
5. Issues arising that affect the results of implementing production and business plans, investment and development of enterprises.
The Decree stipulates that the representative agency of the owner assigns evaluation and classification targets to the parent company in accordance with the operating field, specialty, specific production and business characteristics of each enterprise, strategic tasks or tasks assigned in the year of implementation.
For enterprises operating for non-profit purposes, the representative agency of the owner shall consider and decide not to assign targets 2 and 3 to suit the specific operations of the enterprise; based on the assigned targets to conduct enterprise evaluation and classification.
The enterprise evaluation is carried out on the basis of comparing the tasks and targets assigned by the owner's representative agency with the results of implementation.
For targets 1, 2 and 3: Enterprises with performance results equal to or higher than the assigned target are assessed as Achievement.
For target 4: Enterprises completing 90% or more of the value of the implemented volume or the value of investment capital disbursement according to the assigned target is assessed as Achievement.
For target 5: Enterprises that meet the assigned targets on output, product quality or service that meet the prescribed standards are assessed as "Satisfactory". The performance of political, defense, and security tasks is assessed by the owner's representative agency as "Satisfactory" or "Not-Satisfactory".
