Improving the law on controlling State capital invested in enterprises in Vietnam

Abstract

In the socialist-oriented market economy in Vietnam, state-owned enterprises play a key role and contribute
significantly to the development of the economy. In general, among enterprises with state capital, especially
the ones in key areas of Vietnam, the State is seen as a large investor, while creating favorable conditions for
businesses to access different resources more easily and contributing to help businesses operate effectively and
develop. However, there are also many enterprises that have revealed certain weaknesses and limitations in the
utilization of state capital as well as their resources and this result in their scattered and ineffective investment.
Apart from the subjective causes from state-owned managers, the legal provisions on controlling state investment
in enterprises are also one of the major reasons leading to the above statement. The paper analyzes the
shortcomings in the current laws of Vietnam on the control of state capital invested in businesses, and proposes
recommendations to overcome them, aiming at completing improving the law on controlling State capital invested
in enterprises in Vietnam these days