老挝人民民主共和国国有企业综合框架评估

© 2026 The World Bank 1818 H Street NW, Washington, DC 20433Telephone: 202-473-1000; Internet:www.worldbank.org Some rights reserved ThisworkisaproductofthestaffoftheWorldBankwithexternalcontributions.Thefindings,interpretations,andconclusionsexpressedinthisworkdonotnecessarilyreflecttheviewsoftheWorldBank,itsBoardofExecutiveDirectors,orthegovernmentstheyrepresent.TheWorldBankdoesnot guarantee the accuracy of the data included in this work.The boundaries,colors,denominations,and other information shown on any map in this work do not imply anyjudgmentonthepartofTheWorldBankconcerningthelegalstatusofanyterritoryortheendorsement or acceptance of such boundaries. Nothinghereinshallconstituteorbeconsideredalimitationuponorwaiveroftheprivilegesandimmunities of the World Bank, all of which are specifically reserved. Rights and Permissions ThisworkisavailableundertheCreativeCommonsAttribution3.0IGOlicense(CCBY3.0IGO)http://creativecommons.org/licenses/by/3.0/igo.Under the Creative Commons Attributionlicense,youarefreetocopy,distribute,transmit,andadaptthiswork,includingforcommercialpurposes, under the following conditions: Attribution—ElenaGeorgieva-Andonovska,ViengmalaPhomsengsavanh,andTessaClareCullen.IntegratedState-OwnedEnterprisesFrameworkAssessmentLaoPeople'sDemocraticRepublic.Washington,DC:WorldBank.2026.License:CreativeCommonsAttributionCCBY3.0IGO Translations—Ifyoucreateatranslationofthiswork,pleaseaddthefollowingdisclaimeralongwiththeattribution:ThistranslationwasnotcreatedbytheWorldBankandshouldnotbeconsideredanofficialWorldBanktranslation.theWorldBankshallnotbeliableforanycontentor error in this translation. Adaptations—Ifyoucreateanadaptationofthiswork,pleaseaddthefollowingdisclaimeralongwiththeattribution:ThisisanadaptationofanoriginalworkbytheWorldBank.Viewsandopinionsexpressedintheadaptationarethesoleresponsibilityoftheauthororauthorsoftheadaptation and are not endorsed by the World Bank. Third-partycontent—TheWorldBankdoesnotnecessarilyowneachcomponentofthecontentcontainedwithinthework.TheWorldBankthereforedoesnotwarrantthattheuseofanythird-partyownedindividualcomponentorpartcontainedintheworkwillnotinfringeontherightsofthosethirdparties.Theriskofclaimsresultingfromsuchinfringementrestssolelywithyou.Ifyouwishtore-useacomponentofthework,itisyourresponsibilitytodeterminewhetherpermissionis needed for that re-use and to obtain permission from the copyright owner.Examples of components can include, but are not limited to, tables, figures, or images. AllqueriesonrightsandlicensesshouldbeaddressedtoWorldBankPublications,TheWorldBank Group, 1818 H Street NW, Washington, DC 20433, USA; e-mail:pubrights@worldbank.org. Layout:Insmai Front cover:Insmai Photos:Pagevii-gettyimages,Pageviii-pexels,Chochengchannel,Pageix-GettyImages,EnginAkyurt,AiImage,Pagex-Kazhiya,avigatorphotographers,insmai,Pagexiii-jkraft52,Page19-@peruphotoart, Page 27 -Ai Image, Page 53 - insmai Acknowledgements ThisreportwaspreparedbytheWorldBankundertheThirdPublicFinancialManagementReformProgramfortheLaoPDR(P179015),financedbytheEuropeanUnionandAustralia.TheteamcomprisedElenaGeorgieva-Andonovska(SeniorPublicSectorSpecialist,TaskTeamLeader and lead-author),Viengmala Phomsengsavanh(Public Sector Specialist,Co-TaskTeam Leader),Dalaphet Sengsoulivong(Consultant),and Tessa Cullen(Public SectorSpecialistandtaskteamleader).OversightwasprovidedbyOleksiiBalabushko(PracticeManager),AlexanderKremer(FormerCountryManager)KhwimaNthara(CountryManager),andMariamSherman(CountryDirector).DatacollectionandanalysiswasperformedbyPricewaterhouseCoopersPrivateLimited.TheteambenefittedfrompeerreviewandqualitycontroloftheWorldBank’sglobalSOEteamledbySerdarYilmaz(PracticeManager)andcomprising Henri Fortin(Lead Public Sector Specialist)and Immanuel Frank Steinhilper(SeniorGovernanceSpecialist).TheteamthankstheLaoauthoritiesfortheircollaborationandproductivediscussions,especiallytheformerDepartmentofState-OwnedEnterprisesandInsuranceattheMinistryofFinance(MOF)andrepresentativesofSOEs. Contents AcknowledgementsContentsFiguresTablesBoxesAbbreviationsExecutiveSummary 1.Introduction 1 1.1.Background1.2.Methodology1.3.DataAvailabilityandLimitations1.4.Structureofthereport1123 2.SOELandscape 2.1.BackgroundandRecentDevelopmentsintheSOESector2.2.SOEPortfolio2.3.PerformanceoftheSOESector2.3.1.FinancialPerformance2.3.2.ServiceDeliveryPerformance479916 3.iSOEFModule:FiscalContributionsandFiscalRisksofSOESector 3.1.FiscalContributionsofSOEs3.2.FiscalRisks 2123 4.iSOEFModule:CorporateGovernanceandAccountabilityMechanisms 4.1.DataLimitations4.2.LegalandRegulatoryFramework4.3.OwnershipandOversightFunction4.4.PerformanceMonitoring4.5.BoardsofDirectorsandManagement4.6.Transparency,ReportingandDisclosure4.7.PublicProcurementandSOE28283438404549 5.RecommendationsandImmediatePriorities535.1.Recommendations54 6.Annexes Annex1:SOEFinancialDataSourcesAnnex2:LaoPDRMacroeconomicsContextAnnex3:FinancialAnalysisoftheMOFsampleSOEsAnnex4:SOEssurveyedfortheCorporat