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VN to introduce criteria evaluating health of enterprises

Prime Minister Nguyen Xuan Phuc has recently approved a project to build a set of criteria to evaluate the corporate development of the country and of each province and city separately.
VN to introduce criteria evaluating health of enterprises ảnh 1Workers at Nam Ha Tinh Seafood Import-Export JSC (Photo: VNA)
Hanoi (VNS/VNA) - Prime Minister Nguyen Xuan Phuc has recentlyapproved a project to build a set of criteria to evaluate the corporatedevelopment of the country and of each province and city separately.

According to Decision 1255/QĐ-TTg, the corporate development assessmentcriteria would be introduced from 2018 to evaluate the health of businesses.

The criteria would cover development in the number of firms, labourers,investment finance attraction level, science and technology investment anddevelopment, business strategy, market development, brand building,environmental protection and engagement level in State-supported programmes aswell as operational efficiency in revenue, employee income, added value,profits, and contributions to the State budget.

The Ministry of Planning and Investment, the Vietnam Chamber of Commerce andIndustry and the Steering Committee for Enterprise Innovation and Development would be in charge ofbuilding the corporate development assessment criteria.

The Prime Minister asked the ministry to learn from the experiences ofinternational organisations and other countries about measuring corporatedevelopment to ensure objectivity, accuracy and feasibility.

At the Government’s meeting on October 1, Prime Minister Phuc questioned whythe number of new firms remained low, the number of firms halting operationsincreased significantly and operation efficiency of private companies was notas high as expected.

Updates from the General Statistics Office (GSO) showed that more than 73,000firms halted operations in January - September, up by 48.1 percent over thesame period last year.

The number of new firms rose by just 2.8 percent in the period to 96,600 firms.

Phuc said that this was a problem as the Government was determined to improvethe business climate, urging the whole political system to hasten the processefficiently.-VNS/VNA
VNA

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