Government turns scanner on public-sector execs

The government will monitor the salaries and bonuses paid to executives at state-owned corporations, according to a Government Office document dated June 1.

The document No 3552, signed by Deputy Prime Minister Nguyen Sinh Hung, focuses on “salaries and real income” earned by chairpersons, general directors, deputy general directors, directors, deputy directors, and other senior executives.

Deputy PM Hung has also asked these officials for a detailed report on their incomes in 2008, 2009, and 2010 and their estimated income this year.

The results will be submitted to the Prime Minister through the labor ministry next month.

In related news, the Ministry of Finance is drafting a regulation on the declaration of assets by wholly state-owned companies.

They have to declare their cash, gold, deposits, and short-term investments.

This year the Audit Office will inspect 27 giant corporations and banks, including shipbuilding group Vinashin, Electricity of Vietnam, Vietnam National Coal and Mineral Industries Group (Vinacomin), and Vietnam National Shipping Lines (Vinalines).

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