Strengthening Transparency and Supervision: Ensuring Effective State Capital Management

During the discussion session at the 9th Session of the 15th National Assembly, National Assembly deputies emphasized the importance of transparency and supervision in the draft Law on Management and Investment of State Capital in Enterprises. Proposals on periodic information disclosure, strict inspection, protection of property rights, clarification of supervisory responsibilities, and pre-investment risk assessment not only strengthen social trust but also ensure effective management of state capital, towards a strict and transparent legal framework.

Information Disclosure: Improving the Effectiveness of Social Monitoring

The draft Law on Management and Investment of State Capital in Enterprises was developed to address shortcomings in capital management, enhance transparency, and be consistent with the Party's policy on restructuring state-owned enterprises. Delegate Nguyen Thi Xuan, Dak Lak delegation, said that the provision on information disclosure in Article 55 inherits the current Law on Management and Use of State Capital Invested in Production and Business at Enterprises, but many state-owned enterprises have not implemented it synchronously, have announced it late or not announced it at all, reducing the effectiveness of social supervision, especially for enterprises providing essential public services. She proposed adding measures to ensure enforcement, such as administrative sanctions for enterprises that do not fully or seriously implement it.

From her perspective, delegate Le Thi Thanh Lam, Hau Giang delegation, said that the lack of uniform information disclosure in Article 54 has affected social supervision, especially for enterprises providing essential public services. She proposed adding regulations on administrative sanctions or sanctions to ensure that enterprises strictly comply, contributing to improving the effectiveness of supervision from the community and management agencies.

Delegate Pham Hong Son, Ha Tinh delegation, suggested adding a requirement for enterprises to publish annual independently audited financial reports in Article 55, along with information on major investment projects, on the national electronic information portal, to increase transparency and support supervision from management agencies and the public.

Check, monitor and protect property rights

Delegate Tran Anh Tuan, Ho Chi Minh City delegation, said that inspection and supervision work is very important to ensure effective management of state capital, although specialized inspection has been transferred to the Government Inspectorate. He proposed to clearly define the responsibility of periodic inspection of the owner's representative agency, to avoid harassment but still ensure effective management, especially with non-core investment activities, such as real estate, to avoid risks.

Meanwhile, delegate Le Minh Chau, Can Tho delegation, said that it is necessary to supplement the annual reporting mechanism from the owner representative agency to the National Assembly Standing Committee in Chapter 7, focusing on capital efficiency and potential risks, to enhance accountability and transparency. He also proposed requiring an assessment of the financial impact before transferring state capital in Article 20, with an independent appraisal report, to ensure that there is no loss of capital.

Delegate Pham Van Hoa, Dong Thap delegation, suggested that it is necessary to clarify the responsibility of the owner representative agency in enterprises with state capital of less than 50%, such as 49%, in Article 2, to ensure transparency. He proposed adding specific regulations on the management role, avoiding capital loss, and requiring financial risk assessment before investment to minimize loss.

From her perspective, delegate Nguyen Thi Xuan, Dak Lak delegation, said that Chapter 7 on supervision and inspection needs to clearly define responsibilities, tasks, and subjects of implementation, especially at point c, clause 2, Article 49, where the provision "proposal to the owner's representative agency" is unclear whether it is a proposal to the Government, the Prime Minister, or any other agency. She proposed an amendment to clarify responsibilities, ensure effective supervision, and avoid overlap.

Source: https://thoibaonganhang.vn/tang-cuong-minh-bach-va-giam-sat-dam-bao-hieu-qua-quan-ly-von-nha-nuoc-164098.html