PM orders review of SCIC operations

Prime Minister Nguyen Tan Dung has ordered the Finance Ministry to examine the operations of the State Capital Investment Corporation (SCIC) and draft a decree on a new operational mechanism for the enterprise, the Government Office reported.

PM Nguyen Tan Dung has ordered the Finance Ministry to analyze the State Capital Investment Corporation (SCIC)’s operations and draft a decree for a new operational mechanism for the corporation.

He ordered the inquiry after considering the State Audit Agency’s report dated December 2, 2009 on SCIC’s audit results and the Finance Ministry’s report dated December 14, 2009 on financial and wage issues at the corporation.

Since its establishment, SCIC has applied a common wage and bonus system for State-owned enterprises, while it should have had a specific mechanism of its own, the PM said.

He therefore asked the Finance Ministry to examine SCIC’s performance in the fields of finance, accounting, labor, wage, and allowance, and on that basis prepare a draft regulation on a new operating and management system for the corporation.

The ministry must direct SCIC and Jetstar Pacific Airlines to make full reports about their performance in the outlined fields and provide a clear explanation of the difference between the average income of SCIC’s general director and of the executive members of its management board.

The PM also asked the Ministry of Labor, War Invalids and Social Affairs to work with the ministries of Interior and Finance to consider the legality of the wage calculation and payment by SCIC in 2008 and then suggest measures for rectification.
 

By S.N _ Translated by Mai Hung

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