Improving the internal control system in Vietnam National Chemical Group

he State needs to continue improving the legal policy system regarding the management and usage of state properties at economic group. A research on establishing a general department for controlling and monitoring corporate finance under the Ministry of Finance’s management should be done in order to manage and monitor the group’s operation. A more thorough distinction between State management functions and executing owner’s right function; separation between owner’s rights and proactive business operation rights should be carried out. The information disclosure mechanism on state economic groups is implemented. A control mechanism needs to be built with enough authority and objective, transparent goals and evaluation criteria.

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