The State Enterprise Policy Office (Sepo) plans to propose a five-year development plan for state-owned enterprises (SOEs) once the new government takes office.
The plan will be proposed to the State Enterprise Policy Commission or superboard, said Charnwit Nakburi, deputy director-general at Sepo.
A law on development, supervision and management of SOEs came into effect in late May, said Mr Charnwit. The act stipulates a five-year phase for an SOE development plan to set goals and policy direction to develop SOEs, in line with the Constitution, the 20-year national strategy, the national social and economic development plan and other development plans on a national level.
He said the Prayut Chan-o-cha administration drafted the act and will implement it to strengthen the role of SOEs for the country's economic development.
Under the act, some of the superboard's roles and authorities comprise preparing an SOE development plan for cabinet submission, giving advice to the cabinet on supervision policies and guidelines, and determining the shareholding proportion of the Finance Ministry in SOEs with cabinet approval.