Prime Minister's Directive on supervision of state capital investment in enterprises; financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises and enterprises with state capital
On 21/4/2025, the Prime Minister issued Directive No. 12/CT-TTg on supervision of state capital investment in enterprises; financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises and enterprises with state capital.
According to the Directive, in the past, the implementation of Decree No. 87/2015/ND-CP dated October 6, 2015 of the Government on supervision of state capital investment in enterprises; financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises and enterprises with state capital; the supervision of state capital investment in enterprises; financial supervision, performance evaluation and classification of enterprises have achieved many results. The Decree No. 87/2015/ND-CP and guiding documents have clearly defined the subjects, contents, and methods of organizing the supervision of state capital investment in enterprises; financial supervision, performance evaluation, and enterprise classification. The processes, procedures, capital investment supervision, and financial supervision have been seriously implemented by relevant agencies, basically meeting the requirements on content, time limit, and authority. The biannual and annual assessment reports of enterprises, of the Owner's Representative Agencies, and the summary reports of the Ministry of Finance have built an overview, providing practical solutions and recommendations for the Government and the Prime Minister to direct the supervision of state capital investment in enterprises, and the financial supervision of enterprises under their management to ensure timeliness and effectiveness.
In addition to the achievements, the supervision of state capital investment in enterprises, financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises and enterprises with state capital still have limitations, such as: some Ownership Representative Agencies have not carried out the reporting regime within the prescribed time limit and content; implementation of state capital investment in enterprises does not ensure the scope, order and procedures for state capital investment in enterprises; late delivery, slow evaluation, fail to classify enterprises in the decision to assign annual production and business plans to evaluate and classify enterprises; fail to disclose financial information according to regulations.
To promote and improve the effectiveness of supervision of state capital investment in enterprises; financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises and enterprises with state capital according to regulations, the Prime Minister requests the Ministry of Finance as follows:
- To take the lead and coordinate with relevant ministries and branches to supervise the state capital investment situation in enterprises; supervise the financial situation of enterprises of the Owner's Representative Agencies to ensure strict compliance with regulations.
- To proactively urge the Owner's Representative Agencies to prepare and submit the Report on the state capital investment situation in enterprises; report the results of financial supervision to the Ministry of Finance to ensure full content and on time.
- To synthesize and report to the Government and the Prime Minister the Report on supervision of state capital investment in enterprises; report the results of financial supervision, performance evaluation and enterprise classification, and the situation of enterprises performing assigned public service tasks of the Owner's Representative Agencies on time.
- To assess compliance with regulations on scope, process, procedures, authority, implementation of rights and responsibilities in state capital investment activities in enterprises of the Owner's Representative Agencies, report to the Prime Minister for handling according to the provisions of law in case of detecting violations.
- To recommend to the Government and the Prime Minister for handling according to the provisions of law the responsible persons of the Owner's Representative Agencies and enterprise managers who do not comply with the reporting regime; do not comply with the recommendations and directions of the Owner's Representative Agencies and the Ministry of Finance.
- To proactively review existing problems, difficulties and issues arising in practice, promptly report and propose to the Government and the Prime Minister appropriate and effective solutions, including amending and supplementing relevant current legal regulations if necessary to improve the effectiveness and efficiency of the management and use of state capital invested in production and business at enterprises and the supervision of state capital investment in enterprises; financial supervision, assessment of operational efficiency and disclosure of financial information of state-owned enterprises and enterprises with state capital.
- To assess and warn enterprises showing signs of financial insecurity, respond to recommendations and proposals of enterprises.
In addition, the Directive also sets out specific tasks for the Owner's Representative Agency; state-owned enterprises and enterprises with state capital.
