State-owned enterprises must integrate into the country's digital transformation process.

Develop yourself and your country

Concluding the conference of the Prime Minister working with State-owned enterprises (SOEs) pioneering in digital transformation and promoting growth on the morning of April 15, Prime Minister Pham Minh Chinh emphasized: SOEs must develop, grow, become stronger and more mature, on the basis of promoting science and technology, innovation, digital transformation, green transformation, and increasing labor productivity; both developing for themselves and contributing to the rapid and sustainable development of the country, contributing to the implementation of the two 100-year goals (by 2030 and 2045) set out.

According to the Prime Minister, digital transformation is an objective requirement, a strategic choice and a top priority in national development and for each enterprise.

" Enterprises must be pioneers in digital transformation because they have resources, conditions, and people to participate in leading the country's digital transformation, building a digital government, digital society, and digital citizens.

At the same time, enterprises must grow at a high double-digit rate, grow rapidly and sustainably to contribute to the country's GDP growth of 8% or more by 2025 and double-digit growth in the coming years, stabilize the macro-economy, control inflation, ensure major balances, control public debt, foreign debt, government debt, and budget deficit ," the Prime Minister emphasized.

The Prime Minister emphasized: State-owned enterprises must integrate into the digital transformation process of the whole country. (Photo: VGP/Nhat Bac)

Regarding digital transformation solutions, the Prime Minister requested that enterprises must complete processes, regulations, and standardize according to digital transformation; build databases, digitize documents and records to promote, develop, and use artificial intelligence; develop digital infrastructure and contribute to the development of the country's digital infrastructure; develop digital products of enterprises in all fields of operation, in line with the development of enterprises; develop digital quickly, strongly, and effectively but must be manageable, ensure digital security and safety, contributing to national digital security and safety; train and develop digital human resources, contributing to the development of digital citizens because humans are the most valuable asset to use artificial intelligence and must overcome artificial intelligence.

" All these tasks must be integrated into the digital transformation process of the whole country, including the digital education movement for the masses ," the Prime Minister noted.

Regarding solutions to promote growth, the Prime Minister stated that businesses must pay attention to renewing the three traditional growth drivers of investment, export, and consumption and promoting new growth drivers.

The Prime Minister assessed that exports are currently facing difficulties, but not as difficult as the difficulties we have overcome; the export market is not just shrinking now, but has been shrinking since the COVID-19 pandemic, conflicts, and supply chain disruptions.

Enterprises must diversify markets, products, supply chains, focus on exploiting the domestic market and dynamically and creatively seek new markets in the world such as the Middle East, Central Asia, Halal, Latin America, Africa... and consolidate traditional markets, participate in the global supply chain with the spirit of "harmonious benefits, shared risks".

Along with that, promote new growth drivers such as digital transformation, green transformation, circular economy, sharing economy, creative economy, knowledge economy; innovate operations, smart governance, reduce management costs.

Ministries cut at least 30% of procedures to support businesses

Regarding ministries and branches, the Prime Minister requested to review, propose and immediately remove institutional obstacles, especially those related to the law on management and investment of state capital in enterprises according to the principle of "only manage what you know, do not manage what you do not know", and strengthen decentralization and delegation of authority. Review and eliminate all cumbersome administrative procedures for enterprises; cut at least 30% of procedures, costs and compliance time.

Along with that, develop strategic infrastructure to reduce input costs for businesses; train high-quality human resources for businesses; contribute to preventing corruption, negativity, and waste; boldly assign work to businesses.

Regarding monetary policy, the Prime Minister noted the need to stabilize exchange rates, make efforts to reduce interest rates, have preferential credit packages for various sectors, and defer debt when businesses are facing difficulties. Fiscal policy needs to focus on disbursing public investment; exempting and deferring taxes, fees, and land rents; and quickly and conveniently refunding VAT.

The Ministry of Science and Technology must cut administrative procedures on science and technology.

The Prime Minister emphasized: The Party has directed, the Government has agreed, the National Assembly has agreed, the people have supported, the Fatherland has expected, so we only need to discuss action, not retreat, requiring clear assignment of people, work, time, products, responsibilities, and authority.

Digital transformation is vital for business

At the Conference, leaders of many state-owned enterprises affirmed that digital transformation is a vital factor for businesses in the new situation.

Businesses attending the Conference. (Photo: VGP/Nhat Bac)

Mr. Huynh Quang Liem, General Director of VNPT said that as a pioneer in digital transformation, with the capacity and implementation of the unit and hundreds of thousands of customers, VNPT wishes to work with the Government to put digital transformation solutions into practice. This is a lever for us to increase labor productivity, improve operational efficiency and expand growth space for each business and each industry.

Mr. Dang Hoang An, Chairman of the Board of Directors of Vietnam Electricity Group (EVN), also affirmed that the digital transformation program has been implemented for many years.

" Currently, all 110 kV and 220 kV substations have been completely unmanned, reaching over 97%. This year, 100% of 220 kV and 110 kV substations will be completely unmanned. In the coming time, we will gradually switch to applying AI in diagnostic technology, serving the repair and maintenance of power plants and power grids, " said Mr. An.

According to Deputy Minister of Science and Technology Pham Duc Long, currently, SOEs operating in many fields such as energy, telecommunications, finance, etc. have achieved some success in digital transformation and achieved impressive growth. However, many SOEs have low labor productivity and production efficiency, and digital transformation is fragmented.

" The Ministry of Science and Technology will organize an assessment of the level of digital transformation of state-owned enterprises at the end of the year ," Mr. Long informed and affirmed that the Ministry of Science and Technology will support state-owned enterprises in applying and commercializing innovation.

Thanh Lam

Source: https://vtcnews.vn/doanh-nghiep-nha-nuoc-phai-hoa-vao-qua-trinh-chuyen-doi-so-cua-ca-nuoc-ar937777.html