Focus on researching key solutions, strongly promoting investment and development of 19 corporations and general companies

The Government Office has just issued Document 51/TB-VPCP announcing the Prime Minister's conclusion at the Conference of the Prime Minister working with the State Capital Management Committee at Enterprises and 19 economic groups and state-owned corporations with the Committee as the owner representative on production and business implementation in 2024 and promoting investment in socio-economic development.

Prime Minister Pham Minh Chinh works with the State Capital Management Committee at Enterprises and 19 corporations and groups. Photo: Duong Giang/VNA

2024 is a very important year, a pivotal year for implementing the 5-year socio-economic development plan 2021 - 2025, the requirements for 2024 are higher than 2023 while the international and domestic situation is forecasted to continue to have advantages, opportunities and difficulties, challenges intertwined, of which difficulties and challenges are more. 19 economic groups and state-owned corporations are holding large resources of the country, therefore, the Prime Minister requested the State Capital Management Committee at Enterprises, ministries, agencies and 19 economic groups and state-owned corporations to thoroughly grasp the following viewpoints:

Closely follow the Party's guidelines and policies, the State's laws and policies, the Resolution of the 13th National Party Congress, the conclusions, resolutions and directions of the Central Committee, the National Assembly and the Government; grasp the developments and actual situations to concretize them into specific plans and projects, and organize flexible and effective implementation.

Focus on removing legal obstacles and difficulties in relevant legal documents, decrees, and circulars on tax, land, real estate, housing, etc. in the spirit of minimizing administrative procedures that increase compliance costs for businesses; decentralizing and delegating more authority along with appropriate resource allocation, improving enforcement capacity, and strengthening inspection and supervision.

Overcoming shortcomings and limitations in 2023 to focus on promoting investment and development, in which investment has a focus and key points, focusing on the country's 3 strategic breakthroughs (institutions, infrastructure, human resources); renewing 3 growth drivers (investment, export, consumption); adding new growth drivers: Digital transformation, green transformation, circular economy, knowledge economy, sharing economy....

The Prime Minister requested to focus on restructuring 19 economic groups and state-owned corporations according to approved plans, focusing on restructuring governance including: Organization, people, improving the quality of human resources; restructuring finance; restructuring industries, input materials, etc. to suit the market and development trends. The assessment and classification of enterprises should be based on overall efficiency.

Promote decentralization, delegation of power, and reduction of administrative procedures; be proactive, daring to think, daring to do, daring to take responsibility in performing tasks within one's authority; firmly adhere to the State's viewpoints and guiding thoughts, and comply with the laws of the market economy. Promote prevention and combat of negativity, corruption, waste, group interests, and combat the mentality of waiting and relying on others.

Promoting the tradition, history of the brand developed over many years, the mettle of each enterprise to create new momentum, new motivation, new results, new victories. Actively improve the material and spiritual life of cadres, workers, and laborers in the direction that each year must be higher than the previous year; actively contribute to the work of ensuring social security.

The Prime Minister requested the State Capital Management Committee at Enterprises to synthesize the difficulties and problems of corporations and general companies mentioned at the Conference for consideration and handling according to assigned functions and tasks; proactively work with corporations and general companies to work with relevant ministries and state management agencies to promptly find solutions for enterprises. Synthesize the difficulties and shortcomings of Law No. 69/2014/QH13 (Law on Management and Use of State Capital Invested in Production and Business at Enterprises), clearly identify the contents that need to be urgently amended and supplemented to remove difficulties, free up resources, facilitate state-owned enterprises to carry out development investment, and contribute comments to the Ministry of Finance in February 2024.

The State Capital Management Committee at Enterprises arranges the right personnel based on the standards, conditions, procedures, and regulations of the Party and the State, ensuring publicity, democracy, objectivity, and transparency; absolutely not allowing the buying and selling of positions, power, negativity, and corruption in personnel work. Everything must follow the procedures and regulations; not allowing anyone to negatively interfere in personnel work.

Urgently submit to the Government Standing Committee the Projects and Plans to report the results, submit to the Politburo and the National Assembly (Projects: Viet Trung Steel VTM, expansion of Thai Nguyen Iron and Steel Plant Phase 2 in March 2024; VEC restructuring project in the first quarter of 2024; Dung Quat Shipyard in the first quarter of 2024; Overall project of solutions to remove difficulties for Vietnam Airlines Corporation due to the impact of the COVID-19 pandemic in the period of 2021 - 2026 in February 2024). The State Capital Management Committee at Enterprises focuses on researching key and focal solutions, strongly promoting investment and development of 19 economic groups and state-owned corporations.

Regarding 19 economic groups and state-owned corporations, the Prime Minister stated that production, business and investment development activities, financial indicators, especially the state budget contribution to economic growth in 2024 must be higher than in 2023; better prevention and control of corruption, negativity and waste; focus on promoting development investment; create jobs and livelihoods for the people; contribute more to social security, contributing to the goal of developing a strong and prosperous country, bringing an increasingly happy and prosperous life to the people.

The following corporations: Vietnam Electricity, Vietnam Oil and Gas, Vietnam Coal and Mineral Industries Group, and Vietnam Petroleum in 2024 will perform well their role in ensuring the major balance of the economy in terms of electricity, petroleum, and gas. The exploitation of resources and minerals must follow a long-term program and plan, not just for immediate goals.

Based on their functions, tasks and powers, 19 economic groups and state-owned corporations must be proactive, active and effective in investing in developing and expanding production and business towards digital transformation, green transformation, circular economy... based on innovation and science and technology.

The Prime Minister requested relevant ministries and agencies to closely and effectively coordinate with the State Capital Management Committee at Enterprises to promptly resolve difficulties, problems and proposals of enterprises in the spirit of all for the common good, national and ethnic interests, for the development of 19 economic groups and state-owned corporations; not to push, avoid, not to cause trouble or harassment, to work with enterprises to remove difficulties and overcome challenges; to promote the development of legal corridors, mechanisms and policies for enterprises to develop more and more sustainably.

The Prime Minister assigned the Ministry of Finance to urgently submit to the Government for submission to the National Assembly Law No. 69/2014/QH13 (amended). In case the expected time is extended for many years due to the difficult Law project, based on the proposal of the State Capital Management Committee at Enterprises, research and propose to immediately amend a number of articles in Law 69 according to the simplified procedures to take effect as soon as possible to promptly remove obstacles and free up investment resources of state-owned enterprises to contribute to socio-economic development.

The Ministry of Finance urgently submits to the Government in March 2024 the Decrees guiding Law No. 69 (all of which are overdue) such as: Decree amending and supplementing Decree No. 126/2018/ND-CP and Decree No. 140/2020/ND-CP to remove difficulties and obstacles in equitization, divestment, increase resources for state-owned enterprises from after-tax profits and other resources to invest in important and effective projects, and improve production and business capacity.

Urgently submit to the Government a Decree amending and supplementing Decree No. 155/2020/ND-CP of the Government detailing the implementation of a number of articles of the Securities Law (task assigned in Official Dispatch No. 9453/VPCP-KTTH dated December 1, 2023).

The Prime Minister assigned the Ministry of Planning and Investment to urgently synthesize the opinions of Government members on amending and supplementing Decree 10/2019/ND-CP on the implementation of rights and responsibilities of representatives of state owners, and submit it to the Government/Prime Minister for consideration and decision in February 2024.

The Ministries of Natural Resources and Environment, Finance, and Agriculture and Rural Development urgently submit to the Government documents detailing the implementation of the provisions of the 2024 Land Law.

The Prime Minister assigned the Ministry of Industry and Trade to innovate the mechanism for managing petroleum business hubs in the direction of reducing hubs and intermediaries even more, making it easier to inspect and monitor; implementing a roadmap for adjusting electricity prices appropriately, without jerkiness, without perfectionism, without haste. The Ministry of Industry and Trade urgently submits to the Government in March 2024 the Decree amending and supplementing Decree No. 95/2021/ND-CP and Decree No. 83/2014/ND-CP of the Government on petroleum business; urgently develop gas, wind and solar electricity prices in accordance with the market mechanism, and submit to the Government in the second quarter of 2024.

According to VNA

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