Chính sách cổ phần hóa DNNN: Cần nhất quán, rõ ràng, thông suốt

TAI CHiNH DOANH NGHIEP

Chinh sach co phan hoa DNNN

Cdn nhdt qudn, ro rdng, thong sudt

ThS. DtfaNG THI NHI

Nhom Tu van chinh sach - Bo Tai chinh

Ben canh nhiing ket qud dat dugc, qud trinh CPH cdc DNNN o Viet Nam

thdi gian qua cimg hoc Id khdng it hcin che... Thdi gian toi, qud trinh CPH •

cdc DNNN lai diin ra trong hd'i cdnh nen kinh te trong nuoc vd qud'c teco

nhimg dac trung nhat dinh. Bdi viet duoi day se neu mdt sd'ton tai ve chinh

sdch CPH hien nay, nhiing vd'n de tdc ddng tdi chinh sdch CPH DNNN vd

de xud't mot sd'dinh hudng chinh sdch CPH trong thdi gian tdi.

Ddu Id tdn tai?

Ke til nam 2010, ehinh sach

CPH budc sang giai doan mdi

- giai doan CPH cac DNNN cd

quy md hoac rit Idn nhu cac

tdng edng ty, tap doan kinh te

nha nudc hoac rat nhd (cac

DNNN nhd chii yeu d cac dia

phuong ehua the CPH). Vi

vay, cin thiet phai nghien ciiu,

ra soat va dinh hudng chinh

sach de viec ban hanh nghi

dinh mdi thay the Nghi dinh

109/2007/ND - CP (Nghi

dinh 109) the hien chinh sach

CPH mdi, toan dien va phu

hgp hon. Qua nghien ciiu so

bd, cd the ke ra mdt sd tdn tai

ve chinh sach va co chi CPH

the hien tai Nghi dinh 109

hien hanh nhu sau:

• Trudc het phdi kide'n vudng

mdc ve muc tieu cita chinh sdch

CPH. Cac nghi dinh vi CPH

thdi gian qua diu neu rd muc

tieu eiia CPH DNNN d mdi

thdi ky. Tuy nhien, nhiiu

nhan dinh cho ring CPH

DNNN d Viet Nam dang cd

qua nhiiu muc tieu khien mdt

sd muc tieu cd phin loai trir

nhau thay vi cimg mdt muc

dich. Ching han, muc tieu diu

tien la CPH de tao thuan lpi

cho viec nang cao hieu qua

hoat ddng ciia DNNN thdng

qua da sd huu, di dang huy

ddng vd'n, ddi mdi cdng nghe,

phuong thiie quin Iy... Tuy

nhien song hanh vdi nd la phai

thuc hien muc tieu thii 2, dd la

dam bao hai hda lgi ich ciia

Nha nudc, DN, nha dau tu

(NDT) va ngudi lao ddng

trong DN. Them vao dd, ban

than eae muc tieu nhd trong

mue tieu thii 2 nay ciing tu

mau thuin... dat ra cho qua

hinh CPH DNNN de hoach

dinh cac quy dinh eu the dugc

xac dang.

• Hien tai chinh sdch CPH

chua chi ro duac su hdi hda lai ich

gitta Nhd nudc - DN - NDT vd

ngudi lao dong mac du cd dinh

hudng dung trong muc tieu.

Dinh hudng vi viee dam bao

lpi ich can cu thi hon de dii

siic thu hiit ddi tac chien lugc,

thu hut chat xam va lao ddng

ky thuat, ma Nha nudc vin cd

lpi ich nha't dinh, DN vin phat

triin duge. Mudn vay cin eho

phep thuc thi nhiing ca che

gan kit lgi ich giiia cac ben,

niu cin phai lua chpn - nen uu

tien mue tieu phat trien DN

sau nay.

• Chinh sdch CPH hien cUng

chua de cap den viec tdi cdu triic

DNNN trudc vd sau khi CPH

(viee xii ly ng, Iao ddng doi

du, tai san du thiia... trudc

CPH hien dang quy dinh tai

cac nghi dinh chi la nhiing xii

Iy nhd, vi nhu viec "lau chui

sach se DN" trudc khi CPH,

khdng phai la tai ciu triic

DN). Tai cau triic DN theo

thdng le la yeu cau bit budc

dd'i vdi DN CPH, nha't la dd'i

vdi cae DN Idn bdi CPH la con

dudng ddi mdi phucmg thiic

hoat ddng san xuit kinh

doanh va quan tri DNNN.

Mudn vay nhit thiit phai tai

ciu triic DN mdt each manh

me. Tai ciu triie mdt DN ddi

hdi phai ed nhiing danh gia va

cai nhin bao quat, toan dien va

dai hoi dd'i vdi cae gia tri ciia

DN va linh vuc hoat ddng ciia

nd. Chinh sach hien hanh ehua

di cap sau din van d i nay ma

tha ndi cho DN tu may md

hoac thue tu van. Viec DN tu

xac dinh phuong an CPH la

can thiet va dung din, tuy

nhien cin cd khung ehinh sach

26 THANG 7/2010 I • Chinh