The Lao government has announced plans to recruit capable executives to lead state-owned enterprises (SOEs), according to local reports. The move is part of broader reforms to improve the performance of SOEs, which have faced financial difficulties and inefficiencies.
Prime Minister Sonexay Siphandone has emphasized the need for professional management in state firms, stating that appointments should be based on qualifications and experience rather than political connections. The government aims to reduce losses and increase transparency in these enterprises.
Details on the recruitment process, including salary structures and selection criteria, have not been fully disclosed. However, officials have indicated that the initiative is a priority for the current administration, which has been under pressure to address economic challenges.
The reform comes amid Laos's ongoing efforts to stabilize its economy, which has been affected by high debt and currency depreciation. International financial institutions have urged Laos to strengthen governance and efficiency in its state sector.
