Policy Workshop on Reforming State-Owned Enterprises in Asia | Asian Development Bank

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Policy Workshop on Reforming State-Owned Enterprises in Asia

Event | 7 March 2019 Hanoi, Viet Nam
Time of event

09:00–18:00

Background

State-owned enterprises (SOEs) play an indispensable role in Asian economies, in almost all sectors, by building and operating critical infrastructure, and delivering essential services to people. The good governance of SOEs is essential to ensure their positive contribution to economic productivity and competitiveness. However, reform is challenging given that SOEs in Asia are often inefficient and heavily subsidized.

Many countries in the region have encouraged some of their largest SOEs to test their competitiveness and learn from international best practices. But there is still much work to do and further efforts by the international community to boost SOE reform and healthy competition between public and private firms are imperative.

ADBI is endeavoring to contribute to the long-term capacity building of Asian government officials by developing an analytical foundation to help them effectively achieve sustainable SOE reforms. ADBI organized a call-for-papers and invited submissions of original, unpublished thematic or case studies on reforming SOEs in Asia for incorporation into a forthcoming book entitled “Reforming State-Owned Enterprises in Asia: Challenges and Solutions” and a special issue of the journal “Emerging Markets Finance and Trade.” As part of this initiative, ADBI will invite 8 selected authors to Viet Nam for a companion workshop, hosted in cooperation with the Academy of Finance of Viet Nam.

Viet Nam is an ideal venue as the home to approximately 2,000 SOEs across most vital industries and with the government maintaining full ownership of over 780 SOEs. Vietnamese officials’ participation in the workshop will shed greater light on SOE reform considerations as well as how to address emerging SOE management challenges.

This workshop will focus on issues such as, but not limited to:

  • Role of SOEs in Economic Sectors (i.e. Infrastructure, Energy)
  • Institutional Frameworks for Managing SOEs in Asia
  • SOE Performance and How They Compare with Private Companies in Select Asian Countries (Case Studies)
  • Internationalization of SOEs
  • Legal and Regulatory Frameworks: Separation of Ownership and Regulation
  • Incentive Mechanisms: Performance and Productivity Evaluation
  • Corporate Governance and SOEs: Board Composition and Independence; Accountability, Transparency, and Disclosure; and Executive Compensation
  • Privatization of SOEs in Asia
Objectives
  • To promote discussion among government officials and experts, and the sharing of policy insights and country experiences related to SOE reforms
  • To build the capacity of local government officials to design and implement innovative approaches to SOE reforms
Participants
  • 8 authors for the upcoming ADBI book “Reforming State-owned Enterprises in Asia: Challenges and Solutions,” and a special issue of the journal “Emerging Markets Finance and Trade”
  • Local government officials from the Academy of Finance of Viet Nam as well as agencies responsible for the management of SOEs in Viet Nam
Output
  • Presentation materials which will be uploaded on the ADBI website
  • ADBI book entitled “Reforming State-Owned Enterprises in Asia: Challenges and Solutions”
  • Special issue of the journal “Emerging Markets Finance and Trade”
How to register

By invitation only.

Partner

Academy of Finance, Viet Nam (AOF)