MINISTRY OF HO CHI MINH NATIONAL ACADEMY OF EDUCATION AND TRAINING PUBLIC ADMINISTRATION ACADEMY OF PUBLIC ADMINISTRATION Le Hong Tinh STATE MANAGEMENT OVER CORPORATIONS 90 – 91 TOWARDS FORMING ECONOMIC GROUPS SPECIALTY: PUBLIC ADMINISTRATIVE MANAGEMENT CODE : 62 34 82 01 SUMMARY OF DOCTORAL THESIS ON PUBLIC ADMINISTRATIVE MANAGEMENT Hanoi, 2010 This work has been completed at: Academy of Public Administration (National Academy of Public Administration) Scientific Instructor: Dinh Van Tien Prof.Dr Judge 1: Luong Trong Yem Prof.Dr Judge 2: Nguyen Manh Kiem Prof.Dr Judge 3: Vu Huy Tu Prof.Dr The Thesis shall be defended before the State level Thesis Assessment Council held at: Academy of Public Administration, No 77, Nguyen Chi Thanh, Dong Da, Hanoi at……… hours, on November, 13th 2010 The Thesis can be further referred to at: Academy of Public Administration PREFACE Rationale of the Subject In implementing renovation, building the socialist-oriented market economy in the tendency towards international integration, setting up and developing Economic Corporations, Groups which are big and with competitive potential on both domestic and foreign markets become strategic goal of the State of Vietnam This is regarded by the Party and the State as a major policy in the country’s economic guidelines In the course of building strong Economic Corporations, Groups, State management plays a decisive role State management creates legal standards, conditions, premises…for State enterprises to develop into economic groups sufficiently strong, playing the core role in the economy To achieve that goal entails unceasing completion and renovation of State management over Corporations 90-91 and economic groups of the State This is a new issue, which is to be done and completed at the same time in Vietnam For that reason, research, in a comprehensive and specific manner, both theoretically and practically, into the State management over State-owned enterprises towards forming strong economic groups is a pressing need of the cause for State management renovation in terms of economic and public administrative reform Being a senior manager in Corporations 90-91, having deep approach to reality and gaining some certain experiences, I opt to choose “State Management over Corporations 90-91 towards Forming Economy Groups” as the subject for my Doctoral Thesis on Public Administrative Management Research on this subject on the one hand can solve the pressing issues imposed to our country, in conformity with the public administrative management profession, particularly, it will enable combination of theoretical study, research with practical activities of myself 2 Research Objectives - To systemize, with supplementing and completing, scientific grounds for State management over Corporations 90-91 towards forming economic groups - To analyze the situation of forming and operation of Corporations 90-91 towards forming economic groups in Vietnam From that, to point out which pressing issues that needs to be handled in completing State management over Corporations 90-91 towards forming economic groups - To propose direction, solution system as well as conditions for carrying out solutions for completing as to State management over Corporations 90-91 towards forming economic groups Object and Scope of Research - Research Object Object of Thesis research is State management over Corporations 90-91 towards forming economic groups - Research Scope The Thesis research is at a macro level, mainly focusing on regimes, policies, mechanisms, contents of State management over Corporations 90-91 towards forming economic groups within Vietnam at the present time Method for Research Based on principles of Marxism-Leninism; Ho Chi Minh’s thoughts; points of view, guidelines of our Party and State; dialectical materialist, dialectical historical methodology; in the thesis, the following main methods were used: - Analyzing, collating, comparing; - Generalizing; - Grouping; - Field surveying; - Investigating; - Statistic analyzing In addition, the published results of researches relating to the subject at home and abroad were also used in the thesis New Scientific Contributions of Thesis First, in terms of theory, - Points out criteria of cooperation for differentiation with other types of enterprise; - Provides theoretical grounds for developing Corporations 90-91 towards forming economic groups; - Provides the conception of State management over Corporations 90-91 towards forming economic groups; + Points out the subject, object of management; + Proposes methods for management and tool system for implementing the methods - Sets up in a systematic manner contents of State management over Corporations 90-91 towards forming economic groups These are theoretical issues that no documents available have touched upon Second, in terms of practice, On the basis of analyzing the situation of Corporations 90-91, economic groups, the process of developing Corporations 90-91 towards forming economic groups and the real state of State management over Corporations 9091 towards forming economic groups, the thesis points out the results achieved, its limits and their causes In particular, it provides the five pressing issues which need to be handled in completing State management over Corporations 90-91 towards forming economic groups, namely: - Creating environment, abilities, conditions for economic corporations, groups to accumulate, concentrate, and strengthen their competitiveness; - Self-control, self-responsibility of corporations as well as their subordinate companies, entities; - Executive order in management; - Managers of corporations and their subordinate entities; - Legal grounds for the relationship between holding company with its affiliates and among the affiliates within the corporation Third, research results, Proposes scheme and solution system (6 solution groups) and conditions (5 condition groups) for completing State management over Corporations 90-91 towards forming economic groups Especially, in the thesis, specific ways, roadmaps for carrying out the solutions were designed New scientific contributions of the thesis shall serve as grounds for making policies on renovation of State management over Corporations 90-91 towards forming economic groups Thesis Composition State Management over Corporations 90-91 towards Forming Economic Groups Preface Chapter Scientific Grounds for State Management over Corporations 90-91 towards Forming Economic Groups Chapter Real Status of State Management over Corporations 90-91 towards Forming Economic Groups Chapter Scheme and Solution System for Completing State Management over Corporations 90-91 towards Forming Economic Groups Conclusion OVERVIEW OF RESEARCH SITUATION Economic group is the modern economic organization form in countries over the world In competitions on the market, the economic group form demonstrates its many advantages That is why in other countries as well as in Vietnam, great attention is being paid by the State, scientists to the economic group form in both respects of theory and practice To date, with reference to major State-owned enterprises, including economic corporations and groups, there exist innumerable State legal documents, scientific works and materials at home and abroad dealing with this issue Among the above works and researches, their authors usually concentrate on the process of forming and developing of groups in general: chiefly on history relating to the formation of economic groups, politico-socio-economic conditions, market development; some workers also touch upon the elements, circumstances for the formation and development of economic groups in general and of Vietnam during the process of renovation and integration in particular However, State management over Corporations 90-91 towards forming economic groups has not yet been dealt with in such works Theoretically, many contents, conceptions (for instance, theory of the development of Corporations 90-91 towards forming economic groups, conception of State management over Corporations 90-91 towards forming economic groups, contents of State management over Corporations 90-91 towards forming economic groups…) were not referred to These are also the main contents with which the thesis will deal on a systematic, concrete way, both theoretically and practically, and proceeding from that, to propose solutions for completing and conditions for implementing as well In other countries, particularly those with developed market economy, during economic development process, economic groups were formed and constitute a mode of organizing production, which plays a special role in the economy Building and completing economic group has been under research for long and innumerable workers by scientists have been announced Nevertheless, the mode of organizing production of Corporations 90-91 was invented only by Vietnam and the development and conversion of 90-91’s corporations into economic groups are also the exclusive form in Vietnam’s economy State management over Corporations 90-91 towards forming economic groups is the exclusive task of the State of Vietnam In the developed and developing countries over the world, there have never been such as form, thus no documentation touching upon this issue is available theoretically and practically so far It is possible to arrive at the conclusion that the thesis research subject, as well as the contents that it deals with, analyses, explains, does not coincide with any other scientific research work By researching in a specific, systematic way, both theoretically and practically State management over Corporations 90-91 towards forming economic groups, this can be taken as the first work of this kind Research on “State Management over Corporations 90-91 towards Forming Economy Groups”, therefore, will surely be of certain value, theoretically and practically, for the science of public management in general, including State management over Corporations 90-91 towards forming economic groups, and especially it would make valuable scientific contributions to the policy-making process in reality CHAPTER SCIENTIFIC GROUNDS FOR STATE MANAGEMENT OVER CORPORATIONS 90-91 TOWARDS FORMING ECONOMIC GROUPS 1.1 Overview of Corporations 90-91, Economic Group and Formation of Economic Group 1.1.1 Awareness of Corporations 90-91 “Corporations are large-sized businesses comprised of many member companies, enterprises manufacturing the same type of product or parts of product; trading in the same area; having close possession relationship, under a unified control, on the basis of assignment, decentralized administration between the Corporation and its member entities on the aspects of activities for production and business” Criteria for Differentiating between Corporation and Company: - Corporation is of large size in terms of capital, labour and scope of activity - Corporation’s operations conform to certain lines of products, services - Corporations are usually closely structured lengthwise; with assigned, decentralized administration in accordance with task and duty of each entity, level of business The above criteria for Corporation constitute the form of organizing business developed from companies in order to meet the requirements for competition of the modern market economy Pursuant to Article 44 of State Business Law: “State Corporation may have the following types of member entity: + Financially independent entities; + Financially dependent entities; + Non-productive entities Member entities of State Corporation have their own seal, can open bank account in conformity with mode of payment by State Corporation Corporation is structured according to several models as follows: First, as per the relationship among the member entities, Corporations are organized according to one of the following three: - Model of horizontal linking; - Model of lengthwise linking; - Model of mixed linking Second, as per size of capital of Corporation: - Corporation 91 (established under Decision No 91/TTg dated March 7, 1994), according to scheme upon establishment, it had to have a minimum chartered capital of VND 1,000 billion - Corporation 90 (established under Decision No 90/TTg dated March 7, 1994), those Corporations established according to this model has to have a minimum chartered capital of VND 500 billion 1.1.2 Economic Groups 1.1.2.1 Generalization of Features and Conditions for the Formation of Economic Groups Definition of Economic Group: Economic group is an economic group comprised of economic entities operating within a line or lines of business, within a country or countries, having close relation in terms of economic, technological, and marketing benefits The chief goal of economic groups is to optimize profit on the basis of husbanding resources of labour, technology, finance, intelligence… a Basic Features of Economic Group Economic group is of large size in terms of capital, turnover and scope of activities - Multi-disciplinary, multi-area activities; - Diverse in terms of organization and ownership; - Economic groups often have R & D centers; - Economic groups are often organized, managed, operate in clear order, and controlled in an intensive manner b Conditions for the Formation of Economic Groups: - Effect of rule of competition in the market economy; - Effect of advances of science-techniques and technology; - Demand of stimulating and concentrating capital, reducing business expenses, and minimizing payable taxes; - Corporations are permitted to mobilize capital in various forms Apart from the capital appropriated from the State Budget, are entitled to take the initiative in borrowing banks, other businesses, individuals inside and outside corporations in local and foreign currencies to serve operation - The State encourages corporations as well as other State-owned enterprises to accumulate, concentrate their production and business capital through policy on State tax collection (and after that the taxation system unanimously applicable to enterprises) and policy on setting up and use enterprise funds - Through policies on salary and wages, regimes of deducting from operating profit for bonuses, the State creates material motive to attach employees closely to the enterprise, to attach employees’ benefits to the enterprise’s operating results 2.2.2 Managing Process of Developing Corporations 90-91 into Holding Company-Affiliated Company Economic Groups First, the State stipulates necessary and compulsory conditions, standards for corporations 90-91 to be converted to holding company-affiliated company economic groups Second, it is stipulated that State corporations to be converted to economic groups have to work out their plan for conversion, plan for post-conversion production and business… Third, specific regulations on establishing holding company and affilitated companies as members of economic groups Fourth, stipulations on financial management over economic groups developed from State corporations Fifth, stipulations on production and business activities of economic groups Six task assignment between the Government and Ministries, Sectors implementing State management of Corporations 90-91 2.2.3 Real Status of State Management over Personnel for Corporations 90-91 towards Forming Economic Groups First, for economic groups set up from restructuring State Corporations 25 - Prime Minister appoint members of Board of Directors of economic groups at the request by Ministers, Ministries in charge of economic groups - For economic groups converted from Corporations 91, Prime Minister appoint President of Board of Directors and General Director at the request by Ministry in charge Appointment, dissmisal of leaders, managers of economic groups must be appraised by Ministry of Internal Affairs Second, for economic groups set up on the basis of merging some independent enterprises - Chairmand of People’s Committees, sections directly under the Central Government appoint members of Board of Directors, President of Board of Directors, Managing General Director - Board of Directors appoints Monitoring Committee in which Head of the Committee is a member of Board of Directors - Board of Directors appoints Deputy General Directors and Chief Accountant at the request by General Director and with approval of the governing body Third, for other managers (at Department, Division… levels) of economic groups are appointed by General Director after begin approved by Board of Directors Second, for leaders in affiliated companies 2.2.4 Management Organization within Corporations 90-91 First, relationship between Board of Directors and General Director in management Second, relationship among the member entities 2.2.5 Inspection, Supervision Inspection activities in this field is conducted in the following forms: - Inspection is conducted when in Corporations, economic groups there occurs any negative matter - Inspection, supervision over process of assessing assets, handling labour… when the companies implement business amortization in preparation for developing into economic groups - Periodical inspection 26 - Activities of inspection, supervision of corporations, economic groups in recent time have achieved certain results, some negative, corruptive phenomena, which resulted in loss of the State assets, have been revealed, thus recovering thousands of billion dong for the State Besides inspection, the State also uses audit as a tool for controlling operations of corporations and economic groups 2.3 Assessing Real Status of State Management over Corporations 90-91 toward Forming Economic Groups and Problems need to be solved 2.3.1 Results Obtained First, the State has devised long-term, particularly 5-year, strategies, plans for socio-economic development of the country and of each sector as well Second, a comprehensive legal system has been formed to create legal environment for corporations as well as economic groups to operate and develop Third, sense for self-control, self-responsibility of economic groups in production and business, especially finance, have been further created and expanded Fourth, State governing bodies, from the Governmental, Ministrial, sectorial down to the local levels, have coherently, specifically coordinated in implementing State management over Corporations 90-91 toward forming economic groups Fifth, a number of inadequate State policies on the management of corporations have been improved thus creating more transparences for operations of economic groups after being formed Sixth, policies on labour, employment placement and regimes for employees enable employees to rest assure and stabilize their lives when corporations convert to economic groups 2.3.2 Restrictions First, the State, especially long-term, strategies, plans for socio-economic development ares till general, not specific; in the relations between and among the sectors, localities, there still exist inconsistent points 27 Second, the system of legal documents, policy mechanism issued by the State is fairly complete and comprehensive,but is still burdened with administrative imposition, thereby reducing the positiveness and creativeness of corporations as well as economic groups in ther operations First, economic groups, while established, still characterized by putting, on the administrative aspect, businesses together Second, the role, responsibility of mangers in economic groups are not clear Third, restricted ability to accumulate and concentrate capital in economic groups to carry out general strategy Third, the right to self-control in terms of finance of holding company and affiliated companies as members has not yet brought into full play Fourth, activites of inspecting, supervising, particularly on the financial respect, are not clear, lacking specific criteria for assessment Fifth, the personnel work of Corporations 90 – 91 as well as of economic groups is still imbued with administrativeness, having not yet sastified the requirements for operating management in the market economy during integration The very basic weaknesses above have considerably reduced operating performance of economic groups as well as member companies, thus causing big obstruction to businesses in the course of international integration 2.3.3 Pressing Issues that Need to be Solved First, reduce toward annul those regulations imbued with administrative imposition in the process of converting corporations 90 – 91 to economic groups and regulations on the organization and operation of economic groups as well Second, the issue of creating specific conditions for economic groups to accumulate, concentrate capital and strengthen financial capacity Third, the issue of self-control of economic groups Fourth, the issued of managers of economic groups Fifth, the issue of legal grounds for relationship between holding company and affiliated companies, as well as that among affiliated companies 28 CHAPTER ORIENTATION AND SYSTEM OF SOLUTIONS FOR COMPLETING STATE MANAGEMENT OVER CORPORATIONS 90-91 TOWARD FORMING ECONOMIC GROUPS IN VIETNAM 3.1 Orientation 3.1.1 Orientation for the Socio-Economic Development of Vietnam till 2020 First, continue completing the institution of socialist-oriented market economy Second, speed up industrialization, modernization in association with intellectual eonomy development and environmental protection; through proper forms of investment to improve competitiveness of commodities originated from Vietnam and set up sectors, areas that support economic development Third, improve quality, performance of education and training, science and technology, human resources development Fourth, exercise social equality right at each step, each development policy Fifth, develop culture, the spritual background of society Sixth, expand foreign relations, take the initiative and active part in internation integration so as to create conditions for living in peace for the country’s socioeconomic development and security and defence maintenance Seventh, bring democratism into play, continue building and completing the socialist jurisdiction State Eighth, the task and goal of Vietnam’s socio-economic development till 2010 are Strive to obtain a drastic, with high quality and more sustainable, economic growth rate, in association with human development By 2010, GDP will increase by over 2.1 times compared with that of 2000 (Document of the 10th Nationwide Delegates’ Congress, National Political Publishing House, 2006, p 76) 29 3.1.2 Impact of the World and Vietnam’ Backgrounds on the Renovation of the State Management over Corporations 90-91 toward Forming Economic Groups First, globalization continues its dratic development with new features Second, the drastic development of science-technology gives an impulse to the world economy to shift rapidly to the time of developing intellectual economy, international labour assignment in the form of global “value chain” Third, the world economy continues adjusting toward gradually shifting to a more multi-polar economy Fourth, to expand drastic investment to the ouside of the newly emerging economies constitues a new tendency of international investment Fifth, the issues imposed for the businesses of Vietnam, including corporations and economic groups of Vietnam 3.1.3 Orientation of Renovation of State Management over Corporations 90-91 toward Forming Economic Groups in Vietnam First, speed up the process of developing Corporations 90-91 into economic groups at the same time develop strong economic groups operating according to the model of holding company-affiliated company (general model) Second, create conditions for economic groups to accumulated, concentrate capital, resources, particularly holding company, to grarantee the holding company will grow strong to invest in affiliated companies so as to govern the key lines, sectors of the economy Third, expand the right to self-control, self-responsibility of holding company, affiliated companies throughout the economic group on the aspect of business operation Fourth, strengthen the role played by the State in inspecting, supervising businesses Fifth, create an environoment of equality, antitrust for corporations, economic groups 30 Sixth, inherit the positive aspects of current management mechanism, at the same time, step by step apply international standards and practices conformable to the conditions of Vietnam 3.2 System of Solution for Completing State Management over Corporations 90 – 91 towards Forming Economic Groups 3.2.1 Group of Solutions for Completing Legal Background First, complete the legal environment, create conditions for Corporations 9091 to husband resources for development Second, complete the legal environment, create conditions for the process of developing Corporations 90-91 into economic groups Third, synchronize, concretize legal environment for economic groups operate and develop 3.2.2 Group of Solutions for Renovating Some Macro Managing Tools of the State 3.2.2.1 Renovating Some Contents of Mechanism for Financial Management of Economic Groups First, construct and operate proper financial institutions, efficiently serve economic groups in mobilizing and using investment capital in an effective manner Second, set up financial company within the economic group, create conditions for entities to participate in financial market, particularly the capital market Third, replace the administrative mechanism for allocating capital with meachanism for investing finance in affiliated companies of the holding companh Fourth, complete policies to make it possible for companies to make full use of every possibility to attract, raise funds to serve production and business Fifth, renovate the mechanism for controlling finance of economic groups 31 3.2.2.2 Completing and Issuing Policies Relating to the Development and Operation of Corporations 90 – 91 toward Forming Economic Groups First, complete policies on encouraging corporations 90 – 91 to develop into economic groups Second, have policies and conditions for economic groups to bring into the fullest play their capacities in competition on the market Third, renovate policies relating to infrastructure for economic groups to operate in a convenient and effective way Fourth, the State should pay special attention to policies on eological environment and information 3.2.2.3 Completing Policies on Money, Exchange Rates, Froreign Currency Management 3.2.3 Renovating Activities of Selecting, Appointing Officers Acting on behalf of the State (Owner) to Take Direct Management over Economic Groups First, replace the mode of selecting via nominating with competitive examination for officers in the post of President of Board of Directors, General Director, Chief Accountant of economic groups as well as companies in which State capital accounts for the governing rate (> 50%) Second, carry out appointment according to an open, democratic mechanism as to other management titles in economic groups such as Member of Board of Directors, Deputy General Directors, Head of Monitoring Committee Third, as to managers of Departments, Divisions, Professional Committee, workshops In order to improve operating performance of economic groups and of affiliated companies as well, such titles shall be decided by General Director after adopted by Board of Directors Fourth, renovate preferential treatment policies for officers managing State capital in economic groups Fifth, carry out re-training on a regular basis officers managing State capital in economic groups 32 3.2.4 Completing the Relationship between Holding Company and Affiliated Company and Non-productive Enties within Economic Groups First, with regard to relationship between the Holding Company and the affliliated companies in which the Holding Company holds 100% of chartered capital Here, the Holding Company plays the role as owner of affiliated companies, accordingly, the relationship is renovated as per the following contents: First, an affiliated company is an economically independent entity, with full legal entity status, to exercise the civil rights and obligations under provisions of the law Second, the Holding Company has responsibility to provide full chartered capital for affiliated companies within a term as designated in financil regulations of affiliated companies Third, investment projects of affiliated companies equal to or exceed 50% of the total assets as recorded in account books of affiliated companies shall be approved by Board of Directors at the request of affiliated companies Fourth, the Holding Company is entitled to guarantee affiliated companies to borrow loans Fifth, affiliated companies have responsibility to strictly and fully comply with laws on accounting, statistics, coporate auding policy Second, with regard to the relationship between the Holding Company and affiliated company that has part of the Hodling Company’s equity First, depending on the rate of contribution, the Holding Company may appoint someone to directly manage the capital contributed to the affiliated company, exercise the rights and obligations of sharehoders to the affiliated company Second, if the Holding Company wishes to draw the capital it has invested in the affiliated company, it must comply with charter of the affiliated company 33 Third, use of the divided dividends or profit for increasing investment capital in the affiliated company shall be decided by Board of Directors of the Holding Company Third, with regard to the relation between the Holding Company and its subordinate entities Subordinate entities of the Holding Company carry out the tasks assigned by the Holding Company Fourth, relationship among affiliated companies Affiliated companies in economic groups are independent businesses, equal to one another in every area 3.2.5 Renovating Administrative Procedures in State Management over Corporations 90 – 91 toward Forming Economic Groups The following tasks shoud be done: - Assigning among State managing bodies so as to determine points of transactions, setlement of work relating to corporations and economic groups, under the “one-door” rule I.e the administrative procedures shall be handled by only one State managing body - Make a sample administrative procedure set for corporations and economic groups - Specify time for processing and handling - Announce the administrative procedure set along with regulations on businesses including corporations, economic groups so that they would know and follow 3.2.6 Strengthening Activities of Training, Re-Training Officers of Corporations, Economic Groups First, as to State officers managing over corporations and economic groups First, classify State officer managing over corporations and economic groups according to the title held 34 Second, form up requirements for knowledge, skills that need to be train for each kind of title Third, work out resfresher course program and time for each kind of title Fourth, organize refresher course under the program In our opinion, working out program and organizing refresher course should be assigned to Academy of Public Administration under National Academy of Public Administration Second, as to officers directly managing operating activities of corporations and economic groups - Classify the number of such officers as per the job titles they are holding - Work out resfresher course program and time for each kind of title - Organzing refresher courses may be carried out in different modes: + In intensive manner at refresher course centers of Ministries, sectors, localities + At corporations, economic groups In this mode, corporations, economic groups can put forward refresher course requirements, organize and convene trainees, invite experts in the related fields to act as trainers - Specify time and number of special subjects involved in training so as to issue certificates to officers attending the courses - It should be clearly specified that certificates shall be issued only to those officers who have attended the necessary number of special subjects and time attending within a year, for example, special subjects and for 15 days or more - Certificates issued by President of Board of Directors of corporations, economic groups, basing on results of each refresher course in which the trainee has participated 35 3.3 Conditions for Expediting Completion of State Management over Corporations 90-91 toward Forming Economic Groups First, renew the awareness of corporations 90 – 91 as well as economic groups in the socialist-oriented market economy in the tendency toward integration in Vietnam First, corporations and economic groups according to the model of Holding Company - Affiliated Company is a form of advanced, up-to-date business toward integration of the present time Second, the formation and development of corporations and economic groups according to the model of Holding Company - Affiliated Company have resulted in the shift from the mode of owning State businesses to the mode of owing capital invested in businesses Third, State managing bodies shall not interfere deeply in the production and business of corporations, economic groups as well as affiliated companies, but only concentrate on State management Second, carry out in sync all solutions on the basis of concentrating, stressing every specific solution within a certain time and in every cocrete corporation, economic group Third, consolidate, strengthen the bodies in charge of exercising State ownership over State corporations, economic groups Fourth, strengthen activities of inspecting, supervising of the State as owner of State corporations and economic groups Fifth, there should be sanctions as regards personal responsibilities of financial managers in both State bodies and businesses in economic groups 36 CONCLUSION Renovation of State management over Corporations 90 – 91 toward forming economic groups is something of a novelty in Vietnam Great importance is being attached by the State to this issue in an effort to build economic groups strong enough with potential for competition on demestic and international markets in the tendecy towards integration Through a paintaking research with personal experiences gained in many years working as a manager State corporations, the thesis can meet the scientific objectives, requirements for a doctoral thesis on public administrative management Accordingly, the main scientific results of the the thesis are represented throught the following: First, systemization with development and completion scientific grounds of State management over corporations 90 – 91 toward forming economic groups Second, systematic, specific and scientific analysis, assessment of real situation of operations of corporations 90 – 91, State economic groups and State management over corporations 90 – 91 toward forming economic groups Third, based on guidelines on renovation of the Party and State, socialeconomic development strategy till 2020, current international and domestic contexts, the thesis proposes orientations, system of solutions, and conditions for carrying out and completing State management over corporations 90 – 91 toward forming economic groups State management over corporations 90 – 91 toward forming economic groups is a major issue relating to various sectors, branches, State managing bodies at different levels, businesses, and labourers, and a major issue to Vietam, too The results of the thesis, however, can meet the scientific requirements for a doctoral thesis on public administrative management It has certain contributions to theory of State management on the economic aspect Particularly, the thesis research results have practical values contributing to the process of renovating, building, making plans for management of eonomic groups 37 The thesis constitutes a beneficial document to teaching, studying, researching, particularly, it serves as a valuable reference for pratical policy-makers As a doctoral thesis on public administrative management, though under a labourious and dutiful research, the thesis surely cannot avoid making shortcomings We would highly appreciate any sympathy and excuse for such shortcomings of the thesis 38 WORKS BY THE AUTHOR RELATING TO THE THESIS SUBJECT THAT HAVE BEEN PUBLISHED Le Hong Tinh, “Some Issues in Implementing Pilot Economic Groups in Vietnam”, printed on Propaganda and Training Magazine No 3/2010, released in March 2010 Le Hong Tinh, “Internationa Experiences in Developing Economic Groups and Lessons for Vietnam” , printed on Economic Management Magazine No 31, released in April 2010 Le Hong Tinh, “Completing State Management over Corporations 90-91 towards Forming Economic Groups”, printed on Economic Management Magazine No 36, released in October 2010 39 ... towards forming economic groups 1.2 Grounds for State Management over Corporations 90- 91 towards Forming Economic Groups 1.2.1 Conception of State Management over Corporations 90- 91 towards Forming. .. contents, conceptions (for instance, theory of the development of Corporations 90- 91 towards forming economic groups, conception of State management over Corporations 90- 91 towards forming economic groups, ... assessment of real situation of operations of corporations 90 – 91, State economic groups and State management over corporations 90 – 91 toward forming economic groups Third, based on guidelines on renovation