(CPV) - The Vietnam’s Ministry of Finance (MoF) high-level mission led by Minister Vuong Dinh Hue traveled to Singapore for experience exchange and dialogue for State-owned Enterprise (SoE) reform.
(CPV) - The Vietnam’s Ministry of Finance (MoF) high-level mission led by Minister Vuong Dinh Hue traveled to Singapore for experience exchange and dialogue for State-owned Enterprise (SoE) reform.
This 5-day training program for MoF officials in charge of supporting the design of implementation plan of (SoE) reform proposal was sponsored by the Japan International Cooperation Agency (JICA).
It aimed to share the role of SoE in economy and role of Government with vision of SoE reform through experience of Singapore in transition from 100% wholly owned SoE economy to current status, with strong emphasis on specific measures and sequential order of practices including SoE categorization, master plan and implementation among other macroeconomic reform, besides related Cooperate Governance/Finance, operational structure, legal/financial regulations in Singapore in its historical reform.
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| Photo: Nguyen Hoang Linh |
Replying to the urgent need and request of MoF for the development of capacity in checking and debating the reform program of Economic Groups and Corporations by end of June, the program helped facilitate understanding and thinking of the way forward for Vietnam in its SoE reform, said JICA office in Vietnam on March 9.
During that time, Mr. Yoshio Wada, JICA Deputy Director General of Southeast Asia Department, shared some experiences from corporate restructuring in Japan as well as his research on SoE reform in Vietnam in the 1990s.
This technical assistance is implemented under the framework of the agreement between MoF and JICA which is effective between March 1, 2011 and March 31, 2012.
Further capacity building activities will be discussed to enhance the public finance management capacity of MoF staff, including macro economic management, public investment (with emphasis on SOEs), debt management (with emphasis on local government), capital market, and public accounting.
JICA experts will share their experiences on the related fields and providing consulting under a new technical cooperation that is expected to be launched in the near future./.