State-owned enterprises rise in the new era

Along with efforts to comprehensively restructure to improve operational efficiency, state-owned enterprises wish to carry out large-scale investment projects with widespread impact, creating momentum for the country's socio-economic development in the new period.

Vietnam Airlines will receive its fifth Boeing 787-10 and 30th wide-body aircraft in its fleet in mid-2024 - Photo: VNA

Affirming the pioneering and leading role of state-owned enterprises

Despite facing many risks and challenges, Vietnam's economy is recovering positively and returning to a high growth trajectory. Investment, export and consumption continue to be the main growth drivers of the economy, along with increasingly positive contributions from new growth drivers. In that context, the state-owned enterprise system continues to play a leading role in the economy. This role is demonstrated through positive contributions to disease prevention, participation in the socio-economic recovery and development program, creating a foundation to create an operating environment for all economic sectors and ensuring social security. Up to now, the restructuring and innovation of state-owned enterprise operations have achieved encouraging results. From operating widely, state-owned enterprises have focused on maintaining key and essential sectors; important areas of national defense and security; sectors in which enterprises from other economic sectors do not invest. However, in addition to the achieved results, the process of state-owned enterprise reform in recent times also has some limitations. That is, the progress of implementing the Project to restructure some enterprises is still slow due to bottlenecks in mechanisms and policies that have not been promptly resolved; some enterprises have low production and business efficiency, are making losses, and are not commensurate with the resources they hold; there are also ineffective projects, affecting production and business results; the management innovation of some enterprises has not kept up with the changing requirements of the market... The practice of 40 years of reform shows that the state economy has always affirmed its leading role, as the basic foundation for the development of industries, fields, economic sectors and types of enterprises in the national economy. State-owned enterprises, as the core part of the state economy, always hold an important position in the economy. In the new development stage of the country, the urgent requirement for state-owned enterprises is to effectively carry out the task of arranging and innovating their operations with the goal of increasing their scale and efficiency to become strong economic entities, ensuring the implementation of the responsibility of leading the market, regulating the macro economy and being competitive in the region. This is also an important time for Vietnam to consolidate and build a number of leading corporations and groups in key areas of the economy such as oil and gas, telecommunications, aviation, infrastructure, etc. To do so, it is necessary to study the mechanism of assigning tasks to large enterprises to carry out large-scale investment projects with spillover effects, creating momentum for the country's socio-economic development.

Assign state-owned enterprises to participate in major projects

At the scientific workshop "Enhancing the role of the state economic sector in the socialist-oriented market economy in Vietnam - Practice of Vietnam Airlines Corporation", delegates agreed that, in the aviation sector, Vietnam needs to make focused investments to build a strong enough aviation enterprise with a flight network and an internationally competitive aircraft fleet. This is one of the important factors contributing to making Vietnam a new economic and tourism center of Asia and the world. Vietnam Airlines is the right enterprise to implement this important strategy.

Vietnam Airlines currently has flights to 90 destinations worldwide, connecting with more than 20 countries - Photo: VNA

"Among current state-owned enterprises, Vietnam Airlines is one of the few that has a great opportunity to become a strong economic group on par with the region thanks to its good management capacity and extensive experience competing with foreign enterprises. Therefore, the State needs to have appropriate investment in both financial resources and mechanisms and policies to give Vietnam Airlines more impetus for development" - Associate Professor, Dr. Nguyen Van Thao - former Vice Chairman of the Central Theoretical Council expressed his opinion. In fact, overcoming the negative impact of the COVID-19 pandemic, Vietnam Airlines has recovered and ensured international competitiveness. Mr. Le Hong Ha - General Director of Vietnam Airlines said that by the end of the third quarter of 2024, the airline had opened 7 more international routes, increasing its flight network to 90 destinations worldwide, connecting with more than 20 countries and territories. Along with that, the airline has carried out many promotional activities, trade promotion, introducing the image of the country and people of Vietnam to friends around the world. In the first 9 months of 2024, Vietnam Airlines has carried out more than 106,000 safe flights, achieving 4/5 in the world aviation safety rating scale; on-time flights remained at nearly 85%, among the top in Asia in terms of on-time flight index. In addition, the airline also focuses on digital transformation, green transformation, sustainable development and has won many prestigious international awards for service quality. "The impact of the COVID-19 epidemic is extremely severe, but it is also an opportunity for Vietnam Airlines to restructure its operations, find flexible solutions to overcome difficulties, in addition to important support from the State" - Mr. Le Hong Ha shared. However, to build Vietnam Airlines into a strong brand in the world with high competitiveness requires not only the efforts of enterprises but also the support of the State as well as the efforts of the whole country. Because, currently, Vietnam Airlines is still in a negative equity situation due to the negative impact of the COVID-19 pandemic. The most important solution for Vietnam Airlines is to remove the bottleneck mechanism for the airline to recover and develop sustainably, including the approval of the Master Plan of solutions to remove difficulties caused by the impact of the COVID-19 pandemic. In addition, the Government needs to have a mechanism to assign Vietnam Airlines and other large enterprises to participate in the implementation of the Long Thanh International Airport project to promote the effectiveness of the project, develop synchronous and modern aviation infrastructure, promote trade and attract foreign investment. Through investment in key national projects, using state-owned enterprises, including Vietnam Airlines, the State will create new production capacity for the economy and create a favorable business environment for the aviation industry.

Tuoitre.vn

Source: https://tuoitre.vn/doanh-nghiep-nha-nuoc-vuon-minh-trong-ky-nguyen-moi-20241121093855116.htm