State-owned enterprises contributed about 166 million billion VND to the budget, exceeding the annual plan by 8%.
The Directive clearly states that in 2023, the world and domestic situation will continue to evolve rapidly, complicatedly, unpredictably, and more difficultly than forecast, creating pressure and great impact on the socio-economic development of our country. However, with the participation, efforts, and determination of the entire political system, our country has achieved important results, becoming a bright spot in the global economy.
In the overall success, there is a positive and important contribution of state-owned enterprises (SOEs). The total estimated revenue of SOEs in 2023 is about 1,652 trillion VND, exceeding the 2023 plan by 4%; pre-tax profit is about 125.8 trillion VND, exceeding the annual plan by 8%; State budget contribution is about 166 trillion VND, exceeding the annual plan by 8%.
State-owned enterprises are increasingly demonstrating their leading, dominating, and leading role in important and essential sectors and fields of the economy; contributing to stabilizing the macro-economy, controlling inflation, promoting growth, ensuring major balances of the economy, making practical contributions to socio-economic development and national defense.
In addition to the achieved results, the operation of the SOE sector also revealed some limitations such as: Some SOEs have not fully promoted the efficiency of resources, capital, and assets assigned by the State; disbursement of investment capital for the whole year of 2023 has not met the set plan; there are also SOEs operating at a loss; competitiveness, application of science and technology, innovation, and digital transformation are still limited; innovation in corporate governance is still slow...
Promote the implementation of major, key national investment projects in important fields.
In order to continue to promote the leading role, improve production and business efficiency and promote investment and development of SOEs, contributing to the successful implementation of the socio-economic development task in 2024, with the spirit of "Discipline, responsibility, proactiveness, timeliness, accelerated creativity, sustainable efficiency" , the Prime Minister requested that SOEs raise awareness and responsibility in performing the assigned tasks of managing State capital and assets at enterprises, especially the responsibility of the Chairman, General Director/Director, and representative of State capital at enterprises. Promote the spirit of self-reliance, self-reliance, enhance initiative, creativity, dare to think, dare to do, dare to take responsibility, strive with the highest sense of responsibility for the interests of the nation and people, create new momentum, thinking, ways of doing, determination, and drastic action.
Urgently and effectively implement the Enterprise Restructuring Project for the period 2021-2025; Development Strategy, Annual and 5-year Production, Business and Investment Development Plan of the enterprise that have been approved, and related tasks and directions of the Government and Prime Minister.
Accelerate the implementation of major, key national investment projects in important areas according to strategies and plans assigned by competent authorities, the Government and the Prime Minister; create important premises and motivation for the development of industries, sectors and the whole economy. Do a good job of investment preparation and timely disburse investment capital to speed up the progress of investment projects. Research and increase investment in innovation, emerging industries and sectors.
Prioritize focusing resources on core business areas, overcome the situation of scattered, ineffective investment; improve innovation capacity; innovate corporate governance models in a modern direction in line with international practices; arrange and streamline the apparatus; improve competitiveness in domestic and international markets; create position and strength as well as the basis for building development orientation and strategic vision for the next stage.
Exceeding the assigned production and business plan targets, contributing the most to ensuring major balances for the economy, stabilizing the macro-economy, generating revenue for the State budget, solving employment and ensuring the lives of workers, and implementing social security policies.
State-owned enterprises are the pioneering force leading innovation, digital transformation and economic recovery.
The Prime Minister requested that State-owned corporations, groups and enterprises continue to promote the pioneering and leading role of SOEs in the economy, ensuring that SOEs are the pioneering force in the fields of innovation, digital transformation and economic recovery.
In particular, SOEs are investing and constructing infrastructure and key traffic works to accelerate progress, ensure quality, efficiency and safety in implementing important national traffic infrastructure works such as: the North-South Eastern Expressway, East-West Expressways, Expressways connecting key economic regions, contributing to the implementation of the goals of the 13th National Party Congress, striving to complete over 3,000km of expressways by 2025 and over 5,000km of expressways by 2030; speed up the progress of projects: Ring Road 4 of the Capital Region, Ring Road 3 of Ho Chi Minh City, Long Thanh International Airport, Passenger Terminal T3 of Tan Son Nhat Airport; soon complete upgrading maritime routes to Cai Mep - Thi Vai Port, Nam Nghi Son Port, etc.
Military Industry - Telecommunications Group (Viettel), VNPT, Mobifone, Global Technology - Telecommunications Corporation (GTEL) ... continue to promote investment projects to develop and popularize traditional telecommunications infrastructure to digital infrastructure; develop data center infrastructure and cloud computing, digital technology infrastructure and digital platforms, digital applications to create momentum for digital economic development; at the same time, play a leading role in researching emerging technologies (semiconductor chips ...).
Removing bottlenecks and obstacles arising in the development of gas-fired thermal power projects
Vietnam Electricity Group (EVN) is speeding up the implementation of the 500KV line 3 circuit projects from Quang Trach (Quang Binh) to Pho Noi (Hung Yen), striving to put it into operation in June 2024.
EVN, Vietnam Oil and Gas Group (PVN), Vietnam National Coal and Mineral Industries Group (TKV) and their affiliated units promptly and effectively implement the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII) according to regulations, ensuring national energy security, providing sufficient electricity for production, business and people's consumption. EVN and PVN proactively propose to competent authorities solutions to remove bottlenecks and obstacles arising in the development of gas-fired thermal power projects to contribute to promoting the investment progress of gas-fired power source projects and gas exploitation projects.
Vietnam National Petroleum Group and other state-owned enterprises are key petroleum trading enterprises, increasing their ability to forecast world market price movements, proactively ensuring oil supply for the economy and minimizing disadvantages caused by fluctuations in world oil prices.
State-owned enterprises assigned to manage and exploit agricultural infrastructure systems, including irrigation works, continue to perform well in irrigation and drainage tasks to respond to drought and saltwater intrusion to support effective and sustainable agricultural development, firmly ensure national food security and boost exports.
The Northern Food Corporation and the Southern Food Corporation proactively and actively participate in effectively implementing the Project "Sustainable development of one million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030".
Vietnam Rubber Industry Group continues to promote its strengths in production and export of rubber latex products; promote wood and wooden furniture processing and export activities.
Seafood exploitation service companies continue to play an important role in providing logistics services for offshore fishermen and developing the marine economy.
Continue to improve the competitiveness of industrial production enterprises, especially supporting industries.
State-owned enterprises under the Ministry of Industry and Trade, the People's Committee of Ho Chi Minh City, the People's Committee of Hanoi and the People's Committees of provinces and centrally run cities operating in the fields of industry, trade, services and tourism continue to improve the competitiveness of industrial production enterprises, especially in the supporting industry sector; develop e-commerce; promote domestic market development; develop logistics; "renew" tourism products associated with night-time economic development in major cities.
State-owned enterprises providing public services in localities perform well their tasks of providing public services, ensuring social security, and improving people's quality of life (especially preventing urban flooding and ensuring continuous urban clean water supply).
State-owned enterprises in the field of urban infrastructure development and urban housing have promoted the development of social housing and worker housing projects; contributing to the rapid and effective implementation of the Project "Investing in the construction of at least 1 million social housing apartments for low-income earners and industrial park workers in the period 2021-2030", striving to complete about 130,000 apartments by 2024.
State-owned commercial banks continue to review and simplify lending and disbursement procedures in accordance with regulations, reduce costs, strive to reduce lending interest rates, and ensure reasonable interest costs to support economic recovery.
Promote improvement of investment and business environment, creating favorable conditions for people and businesses
Ministries, sectors, agencies, People's Committees of provinces and centrally-run cities and representative agencies of owners shall promote administrative procedure reform, improve the investment and business environment, create favorable conditions for people and enterprises; resolutely cut down on unnecessary, inappropriate and unfeasible administrative procedures and business regulations. Proactively remove difficulties to speed up customs clearance of goods, improve the efficiency of import and export activities at border gates, especially for seasonal agricultural and aquatic products.
Correct and thoroughly overcome the avoidance and shirking of responsibility in performing public duties; at the same time, it is necessary to protect cadres who dare to think, dare to do, and dare to take responsibility for the common interest, including the interests of the people and businesses.
Continue to review and improve relevant mechanisms, policies and legal regulations: Corporate bond market, land use rights, real estate, labor, science and technology, energy..., contributing to improving the efficiency of mobilizing and using resources for production and business.
Early implementation of the Land Law, unlocking resources, and developing socio-economy
The Ministries of Natural Resources and Environment, Finance, Agriculture and Rural Development urgently submit to the Government for promulgation of Decrees detailing the Land Law to ensure progress and quality, soon put the Land Law into practice, unlock resources, develop the socio-economy and support the development of production and business of state-owned enterprises.
The People's Committees of provinces and centrally run cities shall accelerate the progress of rearranging and handling houses and land of local enterprises according to their authority to remove bottlenecks and free up resources for production and business development. Carry out land allocation, lease and determine land use value in a timely manner, in accordance with the provisions of law.
Research and facilitate the settlement of procedures for granting Land Use Right Certificates for land areas used for construction works serving railway transport exploitation.
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