State-owned enterprises hold large resources and need qualified and experienced managers with commensurate salaries and benefits, according to the Minister of Planning and Investment.
At a meeting with state-owned enterprises on the morning of March 3, Minister of Planning and Investment Nguyen Chi Dung acknowledged that the role of this sector is very large and full of challenges, but salaries and benefits are not commensurate.
Mr. Dung said that currently state-owned enterprises do not have autonomy, workers, especially managers, are not encouraged to innovate, dare to think, dare to do, and maximize their capacity.
"Enterprises must select and appoint qualified and experienced managers, and must have a salary and benefit regime commensurate with their capacity and management and operational results," said the Minister.
Minister of Planning and Investment Nguyen Chi Dung speaks at a meeting with state-owned enterprises on the morning of March 3. Photo: VGP
Currently, enterprises decide the salary of employees, while the management level is issued by the Government. The basic salary of leaders of state-owned enterprises is about 16-36 million VND per month. When the company makes a profit, the profit exceeds the plan, this level is calculated with a coefficient and bonus, up to 86.4 million VND per month. The above regulation has been applied since 2013.
For example, in 2022, the average labor income will be 10-12 million VND per month, while in corporations and general companies it will be 17-18 million VND. Leaders will have an average of 40 million VND per month, while in corporations and general companies it will be 60-70 million VND.
According to a report by the Ministry of Planning and Investment, by the end of 2023, Vietnam will have 676 state-owned enterprises, of which 70% are wholly owned by the State, with the rest holding controlling shares.
In 2024, the world and domestic economy is forecast to still face difficulties and challenges. Prime Minister Pham Minh Chinh said that businesses need to renew old driving forces (consumption, investment, export) with a leading and motivating role.
"In difficult times, businesses need to prove themselves, both preserving and developing capital and ensuring the lives and jobs of workers and social security," said the Prime Minister.
At the same time, corporations and general companies restructured their management, apparatus and capital to increase efficiency, self-sufficiency in raw materials and fuel for production and limit imports. He cited the Nghi Son Oil Refinery project as an example, after a long period of operation, it still accumulated losses, but the restructuring of the plant was achieved thanks to proactive negotiations with Japanese and Kuwaiti partners.
"State-owned enterprises need to "dare to think, dare to do, dare to take responsibility" to develop with new motivation and spirit," said the Prime Minister.
From the business perspective, they also want to be given more autonomy to develop to a large enough scale, in keeping with their role as the main force in the economy. Mr. Phan Duc Tu, Chairman of the Board of Directors of the Bank for Investment and Development of Vietnam (BIDV), said that for state-owned enterprises to be the main force and innovate, they must have a large enough scale, modern technology and advanced management methods.
He recommended that the Government improve institutions and basic technology infrastructure. This will create conditions for state-owned enterprises, including commercial banks, to develop modern, high-tech products and services.
Meanwhile, Mr. Pham Duc An, Chairman of the Vietnam Bank for Agriculture and Rural Development (Agribank), said they need to be given more autonomy, to "dare to think, dare to do". He recommended that the Government shift from behavioral management to target management, increase monitoring, detection, warning and early handling of violations.
"The targets assigned to state-owned enterprises need to be specific to each type and unit, avoiding assigning simple business growth and profit targets," he said, adding that the appointment and dismissal of officials also needs to be radically reformed.
Regarding this, Minister Nguyen Chi Dung said that in addition to removing mechanisms, there should be more specific policies for state-owned enterprises to play a leading role in important industries and fields.
He informed that the ministry is about to submit to the Government a Decree on the establishment, management and use of the Investment Support Fund from additional corporate income tax revenue, when Vietnam applies a global minimum tax from early 2024. This is to attract strategic investors and support domestic enterprises to invest in a number of emerging industries and fields towards green transformation (semiconductor chips, offshore wind power, hydrogen, etc.).
In 2023, the total assets of state-owned enterprises will be VND3.82 trillion, of which the value of state capital invested is nearly VND1.7 trillion. Enterprises will collect VND1.65 trillion, of which 80% will come from 19 corporations and general companies under the State Capital Management Committee at Enterprises (more than VND1.3 trillion). Pre-tax profit will be about VND125,800 billion.
Source link
Comment (0)