State-owned enterprises to speed up hire of CEOs

Hanoi (VNA) - Permanent Deputy Prime Minister Nguyen Sinh Hung has
assigned the National Steering Committee on Enterprises Renovation and
Development to select state-owned enterprises (SOEs) to pilot the hire of
chief executive officers (CEOs) in 2009.

In his dispatch on Nov. 27, the Deputy PM entrusted the Ministry of Labour,
War Invalids and Social Affairs with a task to complete a project on SOEs'
recruitment of CEOs, deputy CEOs, directors, deputy directors and chief
accountants, as well as wage and bonus regulations for these managerial and
professional positions.

The project is required to be submitted to the Prime Minister in the first
quarter of 2010.

The Prime Minister had earlier allowed five state-owned corporations to
implement a pilot model of hiring CEOs. They included the Vietnam
Shipbuilding Industry Corporation (Vinashin), the Vietnam Motor Industry
Corporation (Vinamotor), the Vietnam Electrical Equipment Corp. (VEC), the
Vietnam Glass and Ceramics for Construction Corp. (Viglacera) and the
Multi-Service Transport Corp.

To date, four of them have had their CEO hiring projects approved by the
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