State-owned enterprises must pioneer and participate in leading in...

On the morning of April 15, Prime Minister Pham Minh Chinh chaired the Prime Minister's Conference working with state-owned enterprises pioneering in digital transformation and promoting growth.

According to the Government Electronic Information Portal, in his concluding remarks at the Conference, Prime Minister Pham Minh Chinh stated that although the number of corporations and general companies only accounts for a small proportion of the total of nearly 1 million operating enterprises in our country, they play an important role and position, holding an important material force of the economy.

Therefore, state-owned enterprises must develop, grow, become increasingly strong and 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.

The Prime Minister emphasized the need for stability and development, including internal and external stability, public confidence, political stability, ensuring social order and safety; rapid, sustainable, inclusive, comprehensive development, leaving no one behind; and constantly improving the material and spiritual life of the people.

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 pioneer 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, businesses 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.

Prime Minister Pham Minh Chinh chaired the Conference (Photo: VGP)

Regarding digital transformation solutions, the Prime Minister emphasized a number of important points: 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.

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.

Regarding exports, the Prime Minister assessed that the current situation is difficult, but not as difficult as the difficulties we have overcome; the export market is not only shrinking now, but has been shrinking since the COVID-19 pandemic, conflicts, and supply chain disruptions. Enterprises must diversify markets, products, and supply chains, focus on exploiting the domestic market and actively and creatively seek new markets in the world such as the Middle East, Central Asia, Halal, Latin America, Africa, etc. and consolidate traditional markets, participate in the global supply chain in the spirit of "harmonious benefits, shared risks".

Save more to focus on investment, expand investment, improve investment efficiency, reduce the capital efficiency ratio (ICOR). Regarding consumption, it is necessary to focus on expanding to meet domestic consumption needs, taking advantage of the market opportunity of 100 million people.

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.

The Prime Minister noted that state-owned enterprises must coordinate with each other, learn from each other, and support each other and private enterprises better. Agencies and enterprises need to evaluate, encourage, and reward in a timely manner, and encourage those who dare to think, dare to do, dare to innovate, and dare to take responsibility for the common good.

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 Prime Minister also directed a number of specific tasks to ministries and branches to remove many specific difficulties and obstacles for businesses such as reducing export tax on cement clinker, reusing waste in coal mining, etc.

Source: https://baodaknong.vn/doanh-nghiep-nha-nuoc-phai-tien-phong-tham-gia-dan-dat-trong-chuyen-doi-so-249464.html