'Super' State Capital Management Committee is about to disappear, chairman talks about 'most worrying' thing

Mr. Nguyen Hoang Anh – Chairman of the State Capital Management Committee – Photo: CMSC

On December 6, Permanent Deputy Prime Minister Nguyen Hoa Binh - Deputy Head of the Steering Committee for the Summary of the Implementation of Resolution 18 of the Government - continued to sign and issue Document No. 141 on the plan to orient, arrange, and streamline the Government's organizational apparatus.

Accordingly, the State Capital Management Committee at Enterprises (CMSC) will end its operations and transfer the right to represent state ownership of 19 state-owned corporations and groups to industry management ministries, and study the organizational model under the Government.

Over the past 6 years, officials of the State Capital Management Committee have been both "running" and "lining up".

On the same day, CMSC also held a 2024 year-end summary meeting, which is the final year-end conference before the agency ends its operations.

Mr. Nguyen Hoang Anh - Chairman of CMSC, shared about the activities of the Committee and his expectations about staff arrangement.

“The Committee has fully and correctly implemented the regulations on the rights and responsibilities of the State ownership representative agency for 19 corporations and general companies; overcoming the previous situation where many tasks of the ownership representative agency were not fully implemented or had been pending for many years,” said Mr. Nguyen Hoang Anh.

Not only did total revenue, profit, and average income of workers increase, the chairman of the State Capital Management Committee affirmed that there had not been any high-risk investment projects that caused large losses and loss of state capital.

Referring to the policy of innovation and organizational restructuring, Mr. Hoang Anh officially announced that the Committee will end its operations and change its functions.

“The Committee has met and established a Steering Committee and implemented the contents according to the Government’s instructions. Next week, the Committee will prepare detailed contents and seek opinions from Government leaders before meeting with ministries, sectors and businesses,” Mr. Hoang Anh outlined the roadmap.

The Chairman of this Committee also hopes that the staff of the Committee, regardless of their position, will always strive to maximize their responsibilities and contribute to the common development.

What the Committee is “most concerned about” is how to continue to assess the role of state ownership representatives and make the best contributions, Mr. Hoang Anh said.

“For the staff of the Committee, for the past 6 years, they have been both “running” and “lining up”. They have tried very hard.

The Committee has asked for opinions, hoping that the cadres will be assigned to ministries or agencies or according to the Government's direction," said Mr. Hoang Anh, hoping that the cadres will have stable jobs and continue to contribute to the common development.

Situation of 19 corporations and general companies before handover

In the latest report, the total consolidated revenue of 19 corporations and general companies in 2024 is estimated to reach more than 2 million billion VND, equal to 120% of the annual plan and 10% over the same period.

Consolidated pre-tax profit is estimated at VND111,692 billion, equal to 158% of the yearly plan and 156% over the same period.

Notably, this year, the Vietnam Oil and Gas Group (PVN) continued to set a new record when it exceeded the annual plan for total consolidated revenue, estimated at over VND966,000 billion, exceeding the annual plan by 32%, up 3% over the same period last year. PVN's consolidated pre-tax profit is estimated at VND48,900 billion, exceeding the annual plan by 2.2 times.

The report also said that EVN's revenue is estimated at VND575,000 billion, up 13.7% over the previous year. Meanwhile, MobiFone's consolidated pre-tax profit is estimated at VND2,048 billion, exceeding the yearly plan by 20.6%.

In addition, Vietnam Coffee Corporation (Vinacafe) continued to maintain profitable production and business results in 2023 after many consecutive years of losses, with consolidated revenue estimated at VND 2,252 trillion, equal to 104% of the annual plan and 103% over the same period.

Notably, in the list of 19 corporations and general companies that the Capital Management Committee has, there are many enterprises listed on the stock exchange such as: Petrolimex with code PLX, Vietnam Airlines (HVN), Vietnam Rubber Industry Group (GVR), Vietnam Airports Corporation (ACV), Vietnam Forestry Corporation (VIF), Southern Food Corporation (VSF), Vietnam National Shipping Lines (MVN).

The Commission is also indirectly involved in many stocks through the State Capital Investment Corporation (SCIC) – the unit holding capital of Vinamilk, FPT…

Source: https://tuoitre.vn/sieu-uy-ban-quan-ly-von-nha-nuoc-sap-khong-con-chu-tich-noi-ve-dieu-ban-khoan-nhat-20241207113905157.htm