Ministry of Finance receives all 18 corporations and general companies, Deputy Prime Minister gives series of instructions

After transferring and restructuring the apparatus, the Ministry of Finance must have reasonable management solutions so that corporations and general companies can promote, mobilize and use resources more effectively.

Sự kiện chưa có tiền lệ, Phó Thủ tướng nói cần phân cấp phân quyền - Ảnh 1. — Transfer of state capital ownership representation rights to the Ministry of Finance - Photo: VGP

On February 28, the Ministry of Finance coordinated with the State Capital Management Committee at Enterprises to organize a ceremony to transfer the rights and responsibilities of the agency representing the State capital owner from the State Capital Management Committee at Enterprises to the Ministry of Finance with the participation of Deputy Prime Minister Ho Duc Phoc.

Strengthening the economy

Considering today's event to be unprecedented, the Deputy Prime Minister emphasized: The transfer aims to implement the policy of streamlining the apparatus, strengthening the economy with the goal of fulfilling the mission of rising up and accelerating the building of an increasingly powerful and prosperous country.

According to Mr. Phoc, after merging with the Ministry of Planning and Investment and the State Capital Management Committee, the reception of all 18 corporations and general companies, the largest in scale of the State, shows that the role and mission of the Ministry of Finance is extremely great.

Especially when the Ministry of Finance is currently the "backbone" of the economy, meaning that whether it can break through and rise or not has a very important role - "the core of the core" to promote development.

After the reorganization, the scale of the Ministry of Finance is very large, the responsibility is very heavy. The Ministry manages all financial resources from public investment of the country, including capital of state-owned enterprises, state budget, ODA loans... so the leadership and direction must reach everyone, every household, to achieve the goal.

Therefore, after transferring and rearranging the apparatus, the Ministry of Finance must have reasonable management solutions so that corporations and general companies can promote strongly, mobilize and use resources more effectively to promote economic development. To do so, it is necessary to focus on decentralization, delegation of authority, innovation, and new thinking for development.

There are policies for businesses to make breakthroughs.

"This is a huge responsibility placed on the shoulders of the leaders of the Ministry of Finance and the leaders of state-owned corporations and groups - those who are sitting here. You must come together, discuss and share to remove difficulties and obstacles, and promote business development," Mr. Phoc emphasized.

Based on the experience of countries such as Russia, Japan, South Korea, and China, he requested the Ministry of Finance to study and advise competent authorities on mechanisms and policies so that the business sector in general, including state-owned enterprises, can promote their fundamental role and create breakthroughs for the country's development.

He also suggested that businesses should be more creative and strive harder. In particular, they should pay attention to market development, building reputation and brand, improving product quality and competitiveness; corporate governance, human resources, administrative procedure reform; promoting research, transfer, and application of science and technology...

Business leaders need to have a new mindset and approach with "the mindset that working is for your own home". He expects that when working together, all parties must coexist and work side by side to successfully complete their tasks. The Government will continue to strive to improve institutions and laws for businesses and ministries to develop together.

18 corporations and general companies transferred to the Ministry of Finance

- Vietnam Oil and Gas Group (PetroVietnam);

- Vietnam Electricity Group (EVN);

- Vietnam National Coal and Mineral Industries Group (TKV);

- Vietnam Chemical Group (Vinachem);

- 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);