Vietnam may have new agency to manage state enterprises
The Vietnamese government is considering setting up a new agency to manage state-owned enterprises more effectively, but some economists have questioned the necessity of such a plan. Economist Ngo Tri Long urged the government to consider the plan thoroughly, arguing that a new agency means more resources for administration, which goes against the goal of reducing public spending. Figures from the Ministry of Finance show that the government’s expenses were $16.66 billion, or 44.2 percent of the total spending in 2010. The ratio jumped to over 70 percent last year when the expenditure was estimated at $31.16 billion.
