On the afternoon of November 29, the National Assembly discussed in the hall the Law on State-owned Enterprises (amended).
Mr. Hoang Van Cuong, member of the Finance and Budget Committee, said that more power should be given to capital representatives at state-owned enterprises. According to him, instead of this representative only being assigned the responsibility of capital preservation and development, profit deduction, etc., they should have full authority in organizing the apparatus, selecting and deciding on staff at state-owned enterprises.
Explaining for the first time as Minister of Finance, Mr. Nguyen Van Thang agreed with the view that more power should be given to representatives of State capital, because they play a decisive role in the business performance of enterprises. "There needs to be a management and evaluation mechanism, linked to a remuneration regime and there must be tools for them to work," he said.
Minister Nguyen Van Thang acknowledged that the salary and bonus regime for representatives of capital at State-owned enterprises has long been a difficult and challenging issue. In this amendment to the law, many conditions and responsibilities have been assigned to representatives of State capital at enterprises. However, according to him, "if strict mechanisms are introduced, they work hard but the salary and bonus regime is still based on scales and ranks, there will never be talented people and even if there are, they will not fulfill their responsibilities."
Similarly, the management and evaluation of these capital representatives also needs to be objective and transparent. "If they do well and the business exceeds its profit target, will they receive a bonus increase? On the contrary, if they do not do well, will warnings or even dismissal be considered?", Mr. Thang raised the issue, affirming that it is necessary to empower capital representatives at state-owned enterprises because "having agreed to open up as private enterprises, there must be a mechanism".
There are currently 676 state-owned enterprises, 70% of which are 100% state-owned. The total assets of state-owned enterprises are over VND3.8 trillion, with total capital of VND1.8 trillion, as of the end of 2023.
Mr. Hoang Van Cuong said that state-owned enterprises are holding a huge amount of capital and assets but are operating less dynamically and are less effective than private enterprises.
The reason is that the management mechanism is still overlapping, binding and rigid, so responsibilities are not clearly defined. This leads to the loss of State investment capital, individual responsibility cannot be determined, or when discovered, money has been lost, leading to the loss of officials.
With the principle that when there is state investment, there must also be a mechanism to monitor and manage the capital there, Mr. Cuong said that it is necessary to expand the scope of the draft law. That is, the provisions of the draft law do not stop at enterprises holding more than 50% of charter capital, but need to expand the scope of entities holding less than 50% of capital, F2, F3 enterprises...
Meanwhile, Mr. Nguyen Manh Hung, Standing Member of the Economic Committee, said that the model of the State capital ownership agency in enterprises operates in an administrative manner.
Mr. Hung said the ownership function should be separated from State management, and the responsibilities and obligations of State-owned enterprises in public and social activities should be made public. "It is necessary to limit administrative intervention in operations, attach accountability and supervision mechanisms, and attach management and operational personnel recruitment mechanisms to work efficiency," he suggested.
According to the Government's report, the current regulations also demonstrate the "administrative intervention" of the State in business operations. That is, they do not cover the management of State capital invested in enterprises, including the arrangement and restructuring of State capital in enterprises.
Therefore, in this amendment, the draft law provides regulations to adjust the use of capital and assets in the direction of "State capital investment in enterprises", in order to clearly identify the State as the owner of capital investment, management according to capital contribution, no administrative intervention in operations and strong decentralization associated with accountability of enterprises.
Giving his opinion, Mr. Trinh Xuan An, Standing Member of the National Defense and Security Committee, said that with the goal of untying and creating maximum conditions for State-owned enterprises, administrative regulations should be reviewed and reduced.
"The capital management agency model has not yet had any major changes in terms of capital ownership representation. There needs to be a more revolutionary model, further innovating capital management to facilitate state-owned enterprises," Mr. An said.
Mr. Nguyen Van Thang said the Ministry of Finance will absorb and complete the best draft to send to the National Assembly for consideration and comments at next year's session.
VN (according to VnExpress)Source: https://baohaiduong.vn/luong-cua-nguoi-dai-dien-von-tai-doanh-nghiep-nha-nuoc-theo-thang-bac-thi-kho-co-nguoi-tai-399243.html
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