Lao PM: Embezzlement, lax management key to losses by state enterprises

Prime Minister Phankham Viphavanh tells the National Assembly that nepotism dominates many state enterprises. - VT

VIENTIANE (Vientiane Times/Asia News Network): Embezzlement by executives and staff, combined with poor management, are the main reasons for the chronic losses suffered by state enterprises, the Prime Minister has told the National Assembly (NA).

Premier Phankham Viphavanh said the government is now engaged in comprehensive reform of these enterprises, hoping to put an end to the state’s burdensome subsidy of their operations.