Governance management still low

Playing catch-up: Workers assemble an electric car at a plant in Haiphong. Compared with regional countries, the governance level of Vietnam’s large enterprises is still very low, only half of that of countries with high corporate governance scores. — AFP

HANOI: The management level of large enterprises in Vietnam is still very low, compared with countries such as Singapore, the Philippines, Malaysia, Indonesia and Thailand, according to experts.

Hoang Quang Phong, vice-president of the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam would build an independent and self-reliant economy in the context of international integration.