Vice Chairman Ho Sy Hung attends the 16th Meeting of the Asia Network on Corporate Governance of State-owned Enterprises

A full view of the meeting

At the meeting, the policymakers and experts exchanged knowledge and practices on the issues of ownership, equitsation, and management of state-owned enterprises (SOEs). The participants comprehensively discussed recent developments in SOEs reforms and concentrated on the activities of Boards of Management, dividend policy and stability.

Enhancement of SOE performance is the key to economic growth and competitiveness for the enterprises and the Asian economy. Due to the fact that the SOE sector has remained as one of the crucial national economic pillars in many Asian countries, it is very important to national economic growth and competitiveness that governments ensure SOEs operate effectively, transparently, and fairly compete with the private sector. 

The 16th Meeting of the Asia Network on Corporate Governance of State-owned Enterprises provided a forum for government representatives and relevant non-governmental stakeholders from 22 economies in the region to share their experiences, identify good practices, develop recommendations for reform to improve state ownership practices and update the OECD guidelines on corporate governance of SOEs.

Vice Chairman of the CMSC Ho Sy Hung discussed with Mr. Gou Ping — Vice Chairman of the SASAC

The 16^th Meeting of the Asia Network on Corporate Governance of State-owned Enterprises serves to: (1) raise awareness on the importance of sound corporate governance of SOEs; (2) evaluate the current SOE corporate governance policy frameworks and practices, benchmarking them against international good practices as described in the OECD Guidelines on Corporate Governance of SOEs; (3) support viable and effective reforms in the area of SOE corporate governance, by identifying common challenges related to state-owned enterprise ownership and governance, discussing and analysing policy options, developing relevant recommendations and agreeing on reform priorities; and (4) issue topical studies on SOE governance and reform comparing the practices of participating countries based on questionnaire-based exercise and discussions at Network meeting.

Attending the Meeting, Vice Chairman of the CMSC Ho Sy Hung proactively participated in the discussions and meetings on the sidelines with the OECD’s experts to exchange further information on the issues, that Vietnam is greatly interested, in enhancing SOEs management. He also shared his perspectives on SOEs management with governmental representatives from China, Thailand, and the Indian Business Chamber.

During the event, Vice Chairman Ho Sy Hung had a meeting and discussion with Mr. Gou Ping, Vice Chairman of the SASAC, on SOEs reform issues that would draw the mutual interest from the CMSC and SASAC. The two Commissions will continue to regularly communicate and cooperate to strenthen their partnership, share experience in their management of state capital at enterprises, and in supervision essential issues of the enterprises of which the CMSC and SASAC acts as the owner’s representative.

Representatives in attendance taking a commemorative photo