Showing posts with label economic sectors. Show all posts
Showing posts with label economic sectors. Show all posts

Sunday, February 6, 2011

Economic competitive index now in public eye

Cement, steel, chemical fertilisers, feeds and milk were listed as having relatively healthy competitive behaviours.


The assessment was reported by the Competition Management Department
under the Ministry of Industry and Trade in Hanoi on October 14 for
the first time.


However, some products of the
above-mentioned five industries, including imported powder milk and
construction steel, were criticised for unhealthy competitiveness due to
their misleading advertisements.


The report,
which covered 10 economic sectors, slammed five other industries, namely
aviation, banking, insurance, petroleum distribution and
telecommunication, for unhealthy competitive behaviour, citing abuse of
advertisements and discounts to gain market share.


Deputy Director of the Competition Management Department Vu Ba Phu
emphasised that the report aimed to establish and maintain a fair and
healthy competitive environment for all economic sectors in Vietnam .


The report was expected to increase awareness of competition policies and law among enterprise circles, Phu said.


Dr Dinh Thi My Loan, General Secretary of the Vietnam Retailers
Association, said the ranking was based on the impact of price changes,
consumer responses and concerns about the surveyed industries or
products.


Loan, however, said the report wording remained “soft and yet fully reflecting customer worries”.


Her view was shared by another expert, Vo Tri Thanh, Deputy Rector of
the Central Economic Research and Management Institute, who said the
report should be subjected to objective evaluation by experts.


The report, prepared under the sponsorship of the Beyond WTO
programme, will be released in HCM City on October 20, following its
Hanoi release.


The Competition Management
Department unveiled a plan to conduct research and supervise the
competitive structure of several other economic sectors for inclusion in
the annual report./.

Related Articles

Monday, August 30, 2010

State enterprises to focus on major business fields

HA NOI — A directive has been issued that orders State-owned enterprises to focus on their core production and commercial objectives.

Directive 1568/CT-TTg, issued last Thursday by Prime Minister Nguyen Tan Dung, sets the agenda for State-owned economic groups and corporations to 2015.

It requires ministries, economic sectors and People's Committees that are responsible for State-owned corporations to deliver a comprehensive evaluation of their performance by December 31.

This includes management and investment in non-core business sectors.

Ministries, economic sectors and localities should reinforce their management, inspection and supervision of State-owned enterprises to identify and effectively solve problems during any restructuring, the directive says.

They will also have to review the work each year.

The directive makes the Finance Ministry responsible of checking, supervising and evaluating the effectiveness of production, business and the mobilisation and use of capital.

The ministry will also have to monitor outstanding loans.

Equities corporations must seek approval from State offices before seeking foreign loans or joining with joint-stock partners to establish other enterprises during the next five years.

The directive also instructs ministries, economic sectors and People's Committees to identify and report losing or poor performing State-owned enterprises to the Prime Minister by the end of the third quarter.

The Ministry of Labour, Invalids and Social Affairs and the relevant agencies must devise policies to attract excellent managers for the enterprises, the directive says. — VNS

Related Articles