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Transport sector restructure receives green light from PM

Update: March, 29/2013 - 10:35

HA NOI (VNS)— The Ministry of Transport aims to restructure its wholly state-owned enterprises completely in 2013 to make them highly competitive, with better governance and operations that can match local and global competitors.

Enterprises in the sector have been advised to gradually tackle remaining bad debts and work on market development, according to instructions issued by Transport Minister Dinh La Thang at a meeting in Ha Noi on Wednesday.

During this process, the target companies should conduct state audits in an open and transparent manner, the minister said.

By the end of 2012, the ministry had 88 wholly State-owned enterprises. The restructuring has received approval from the Prime Minister. — VNS

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