18 "big guys" are State-owned corporations and groups officially transferred to the Ministry of Finance.

Speaking at the signing ceremony, Deputy Prime Minister Ho Duc Phoc said that this transfer event is unprecedented. We are streamlining and reorganizing the apparatus so that the economy can increasingly accelerate and develop, bringing the country into a new stage of development that is more powerful and stronger.

Chairman of the State Capital Management Committee Nguyen Hoang Anh said that the transfer of the right to represent state capital ownership from the State Capital Management Committee to the Ministry of Finance is a milestone that not only marks a new step in the management and development of 18 Groups and Corporations, but also demonstrates the determination of the Party and State in further enhancing the management efficiency and maximizing the potential of state-owned enterprises in the new context.

The signing ceremony to transfer the rights and responsibilities of the agency representing the state capital owner from the State Capital Management Committee at Enterprises (SCMC) to the Ministry of Finance took place on the morning of February 28, at the headquarters of the Ministry of Finance.

18 'ông lớn' là tập đoàn, Tổng công ty Nhà nước chính thức về Bộ Tài chính

Party Central Committee member, Deputy Prime Minister Ho Duc Phoc attended and directed the Conference. Also attending the Conference were comrade Nguyen Van Thang - Party Central Committee member, Minister of Finance; comrade Nguyen Hoang Anh, Party Central Committee member - Chairman of the State Capital Management Committee; comrades Deputy Ministers of Finance, Deputy Ministers of Planning and Investment, Vice Chairman of the State Capital Management Committee, and leaders of 18 transferred corporations and general companies.

It can be said that in a very short time, under the close direction of competent authorities, the efforts of the collective leadership and civil servants of the Ministry of Finance and the State Capital Management Committee, the close and active coordination of 18 corporations and general companies, the preparation process for the transfer and the work contents related to the transfer took place in accordance with regulations, without affecting and without interrupting the production and business activities of enterprises (DN) so that today the Transfer Ceremony is on schedule and on time as directed by competent authorities.

Speaking at the ceremony, Deputy Prime Minister Ho Duc Phoc said that this transfer event is unprecedented. We are streamlining and reorganizing the apparatus so that the economy can increasingly accelerate and develop, bringing the country into a new, stronger and more stable development stage. The Ministry of Finance, after being reorganized and merged, will have an extremely important role and mission. “The Ministry of Finance is like the backbone of the economy. Whether the economy can break through and develop or not, the task of the Ministry of Finance is extremely important, being the core of the core to promote development”.

In 2025, the Government sets a growth target of 8% or more. According to the Deputy Prime Minister, economic growth must rely mainly on the strength of enterprises. The responsibility of the leaders of the Ministry of Finance, the Chairman of the Board of Members, and the General Directors of the Corporations and Groups is very great.

The Deputy Prime Minister requested that the Ministry of Finance continue to pay special attention to enterprises, creating conditions for state-owned enterprises to be a breakthrough platform for development, doing difficult things, and working effectively.

Enterprises need to make efforts, strive, be creative, think new ways, and work in new ways to operate more effectively. The Deputy Prime Minister expects that after returning to the common home - the Ministry of Finance, the Groups and General Corporations will continue to excellently fulfill their assigned tasks. The Government will also make efforts, first of all, to perfect the institutions, create conditions for enterprises to develop, and contribute their talents, intelligence, and strength to the common cause.

Fully accepting the direction of Deputy Prime Minister Ho Duc Phoc, Minister Nguyen Van Thang said: The 18 Groups and General Corporations that have transferred their rights and state ownership representation to the Ministry of Finance today are all "leading birds", with stable and effective production and business activities, making great contributions to the State budget, contributing to ensuring major balances for the economy and social security.

In order for corporations and general corporations to have better development conditions when transferring, Minister Nguyen Van Thang affirmed that the Ministry of Finance will continue to improve institutions and legal policies to regulate the operations of enterprises, including 18 corporations and general corporations. In particular, in the coming time, it will focus on building the Law on Management and Investment of State Capital in Enterprises in the direction of increasing decentralization and delegation of authority, creating conditions for enterprises to develop.

The Minister requested that units of the Ministry of Finance continue to support, accompany, and share with the Corporations and General Corporations. At the same time, he requested that 18 Corporations and General Corporations continue to work with the Ministry of Finance, ministries, branches, and localities to strive to fulfill assigned tasks and goals; must truly pioneer in innovation, creativity, and digital transformation according to Resolution 57 of the Politburo; pioneer in growth breakthroughs, making practical and effective contributions to the country's development.

The Minister believes that, with the close direction of the Government, the Prime Minister, the Deputy Prime Minister, and the efforts of the Corporations and General Corporations; the active coordination and support of the Ministries, branches, and localities, the Corporations and General Corporations will continue to promote the results achieved in the past time, strive to complete the set growth targets, and continue to affirm their position and role in contributing to stabilizing and promoting economic growth.

18 Groups and Corporations were transferred

Vietnam Oil and Gas Group (PetroVietNam):

Vietnam Electricity Group (EVN)

Vietnam National Coal and Mineral Industries Group (TKV)

Vietnam Chemical Group (Vinahem)

Vietnam Posts and Telecommunications Group (VNPT)

Vietnam National Petroleum Group (Petrolimex)

Vietnam Rubber Industry Group (VRG)

State Capital Investment Corporation (SCIC)

Vietnam National Tobacco Corporation (Vinataba)

Vietnam Airlines Corporation (VNA)

Vietnam National Shipping Lines (VIMC)