Minister of Planning and Investment Nguyen Chi Dung reported on the production and business situation of state-owned enterprises, saying that the total estimated revenue of state-owned enterprises in 2023 is about 1.65 million billion VND, exceeding the 2023 plan by 4%; of which the revenue of 19 corporations, general companies and Viettel Group alone reached more than 1.3 million billion VND, accounting for nearly 80% of the total revenue of all state-owned enterprises.
There should be a salary and benefits system that is commensurate with the situation.
Pre-tax profit of state-owned enterprises is about 125,800 billion VND, exceeding the annual plan by 8%; state budget contribution is estimated at about 166,000 billion VND, exceeding the annual plan by 8%.
In 2023, State-owned enterprises focused on implementing investment projects to ensure progress, efficiency, and savings according to approved plans.
The total disbursed investment capital of 19 corporations and general companies alone is estimated at VND161,000 billion compared to more than VND208,000 billion assigned, reaching nearly 80% of the yearly plan. Many key projects have been accelerated: Nhon Trach 3,4 Power Plant; Long Thanh International Airport, Terminal T3 of Tan Son Nhat International Airport; the project to expand the Ho Chi Minh City - Long Thanh - Dau Giay Expressway...
In addition to the achieved results, the operation of the State-owned enterprise sector still reveals some limitations, such as some enterprises have not yet fully exploited the resources, capital, and assets assigned by the State; some operations are still loss-making; competitiveness, application of science and technology, innovation, and digital transformation are still limited; innovation in corporate governance is still slow, not approaching international principles and good practices.
Along with that, the proportion of investment capital in important and essential industries and fields has not met the requirements; there are no large-scale development investment projects to create breakthrough momentum, spillover, and new growth momentum, especially in new fields such as: Clean energy production, renewable energy, high technology (semiconductor chip production, hydrogen...).
To develop the country quickly and sustainably, it is necessary to maximize and concentrate all resources that state-owned enterprises are holding for investment and development, especially important national infrastructure projects, invest in grasping core technologies, develop new industries, occupations and products in line with the development trends of the times. At the same time, it is necessary to select and appoint a team of state-owned enterprise managers with good management qualifications and experience; at the same time, there must be a salary and benefit regime commensurate with the capacity and results of management and operation of the enterprise's business activities.
The Minister also stated that in order for State-owned enterprises to fully exploit their potential and resources, contributing to the successful implementation of the goals and tasks set out in Resolution 01/NQ-CP, ministries, branches, localities and enterprises need to quickly and effectively implement solutions. In particular, it is necessary to complete and submit to the National Assembly and the Government to promulgate mechanisms and policies on State capital investment in enterprises, implementing the right to represent State ownership; specific mechanisms and policies for large-scale State-owned enterprises to play a pioneering role in important sectors and fields of the economy, thoroughly removing obstacles in legal mechanisms for production and business activities, investment and development of State-owned enterprises, etc.
The Ministry of Planning and Investment will urgently complete and submit to the Government a decree amending Decree No. 10/2019/ND-CP to promote decentralization and delegation of power, creating flexibility and initiative in the operations of state-owned enterprise and owner representative agencies.
Regarding state-owned enterprises, the Minister said that it is necessary to ensure that state-owned enterprises are the pioneering force in the field of innovation.
2024: 5G nationwide coverage
At the conference, Mr. Tao Duc Thang, Chairman and General Director of the Military Industry - Telecommunications Group (Viettel), said that in 2024, Viettel will boldly invest a lot in the infrastructure sector, such as traffic infrastructure, digital infrastructure, etc.
“2024 will be a year of major transition when 2G will be turned off this September, leaving only 4G and 5G. This year we will deploy 5G coverage nationwide. The Group will invest nearly VND30,000 billion to boost frequencies including connection systems to remote areas,” said Mr. Thang.
According to Mr. Thang, this requires the support of authorities at all levels, the People's Committees of provinces, districts, and communes to step up propaganda to the people, so that people understand and accompany businesses in the conversion from 2G to 4G.
Mr. Dang Hoang An, Chairman of Vietnam Electricity Group (EVN), said that in 2024, EVN is determined to make every effort and use every solution to carry out key political tasks, especially ensuring enough electricity for production, business and people's daily life, to meet the GDP growth target of 6-6.5%, and not to have power shortages in any situation as directed by the Prime Minister.
EVN has prepared a scenario of high growth in electricity demand (9.18% or higher), the total system's electricity output could reach 306.4 billion kWh (an increase of 26 billion kWh compared to 2023).
EVN also accelerates and accelerates power source and grid construction investment projects with an investment volume of VND 102,000 billion (an increase of VND 11,000 billion compared to 2023). In particular, focusing on key projects such as the Yaly hydropower expansion project - 360MW (operational in June 2024), Hoa Binh MR - 480 MW (June 2025), Quang Trach 1 (1,403 MW), preparing to invest in the Quang Trach 2 LNG thermal power project, starting the Tri An expansion project and Bac Ai pumped storage hydropower.
In particular, EVN is focusing on implementing the 500kV line 3 circuit project from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) with a length of 519km, total investment of 23,000 billion VND to energize before June 30 as directed by the Prime Minister.
PHAN THAO
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