Deputy Prime Minister Ho Duc Phoc spoke of the principle of "people following work, separating state management and business operations" when transferring 19 corporations and general companies to specialized ministries.
According to the Government's plan to orient, arrange and streamline the organization and apparatus, the State Capital Management Committee at Enterprises will cease its operations and transfer 19 corporations and general companies returned to the management of ministries and branches.
At the meeting on December 10, Deputy Prime Minister Ho Duc Phoc said the principle of transferring corporations and general companies to the ministry for industry management is "people must follow their work, each person must do their own job".
The arrangement principle must also reasonably separate the State management function of specialized ministries from the operations of enterprises. Therefore, he suggested that ministries, groups, and corporations speed up the progress of handling work according to the set plan and schedule.
"The process of restructuring the apparatus must ensure that corporations and general companies operate stably and continuously, avoiding interruptions," said the Deputy Prime Minister.
According to the report of the State Capital Management Committee, this agency will transfer the functions and tasks of exercising the representative rights of owners at corporations and general companies to the ministries. At the same time, the management personnel of enterprises will be transferred according to the principle of "people follow the job".
During the reorganization process, the Committee's leaders, civil servants, and employees will be guaranteed their rights and jobs. After the reorganization, this agency will operate under a new model as an independent unit exercising the rights and responsibilities of the owner's representative at the enterprise.
The Committee continues to exercise the rights and responsibilities of the State owner representative with 19 corporations and general companies until the transfer is completed.
Currently, 19 corporations and general companies belong to the State Capital Management Committee at Enterprises. This committee was established in February 2018 and is an agency under the Government. This agency performs the function of representing the owner of enterprises in which the State holds 100% of the charter capital and the State capital invested in joint stock companies and limited liability companies with two or more members.
The total equity of the "big guys" is now 1.18 quadrillion VND, an increase of 11% after 5 years. The total assets held by these companies are about 2.54 quadrillion VND, equal to 65% of the total assets of state-owned enterprises nationwide.
Representatives of ministries, branches and corporations expect that through restructuring, mechanisms and policies will be improved in the direction of increasing decentralization, rights and creating more favorable conditions for state-owned enterprises to operate.
On the same day, Deputy Prime Minister Ho Duc Phoc met with the National Financial Supervision Committee and the State Bank to reorganize and streamline the apparatus. Accordingly, opinions agreed on the plan to transfer part of the National Financial Supervision Committee to the Ministry of Finance and the rest to the State Bank. This transfer is also in the spirit of "people follow the work". The National Financial Supervision Committee, together with the Ministry of Finance and the State Bank, implemented and proposed a plan to transfer personnel, headquarters and assets.
For the State Bank , the two biggest changes are the State Bank branches in provinces and cities and the Banking Inspection and Supervision Agency. According to the State Bank's report, the inspection and supervision agency will change from a general department model to a department model.
Deputy Prime Minister Ho Duc Phoc said that the banking inspection and supervision apparatus must ensure a reasonable scale, sufficient staff, and responsibility. He suggested that the State Bank continue to review and calculate to balance and ensure the reduction of focal points as required.
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