On the afternoon of June 15, Prime Minister Pham Minh Chinh chaired a conference where the Prime Minister worked with State-owned enterprises (SOEs) to contribute to promoting growth, stabilizing the macro-economy, and ensuring major balances of the economy.
Promoting the key role and transforming to innovate and create
In his concluding remarks at the conference, Prime Minister Pham Minh Chinh first conveyed the warm greetings and kind regards of General Secretary Nguyen Phu Trong to the SOEs; saying that the General Secretary hoped that the SOEs would continue to promote the spirit of initiative and creativity, reap greater success, and fulfill their responsibilities to the Party, State and people.
The Prime Minister welcomed and highly appreciated the reports and opinions presented at the Conference; assigned the Government Office and the Ministry of Planning and Investment to absorb the reports and opinions, complete and submit appropriate directive documents after the Conference. At the same time, he welcomed, expressed gratitude and appreciation to SOEs for their contributions to socio-economic development since the beginning of the term and in the first 5 months of 2024; hoped that SOEs would continue to promptly advise the Government on developing mechanisms and policies for production and business development.
The Prime Minister affirmed that the Party and State always pay attention to and focus on developing the state-owned enterprise sector - a sector that makes a large contribution to the goal of socio-economic development, promoting growth, stabilizing the macro-economy, ensuring major balances of the economy, and doing a good job of social security.
In the context of the world economic situation continuing to be complicated, the domestic economy facing many difficulties and challenges, the role of SOEs is once again affirmed and promoted, continuing to be an effective tool to stabilize the macro-economy, orient, regulate, lead, promote socio-economic development, and overcome the shortcomings of the market economy.
The Prime Minister affirmed that the Government and the Prime Minister are always receptive, listen, and do not ignore any opinions of businesses, whether domestic or foreign, large or small - Photo: VGP
The Prime Minister affirmed the outstanding achievements of state-owned enterprises in the first 5 months of this year.
Firstly, state-owned enterprises closely follow and basically complete production and business tasks according to approved plans, focusing on developing key business sectors and fields, achieving positive results in terms of revenue, profit, and payment to the state budget, while ensuring the lives and incomes of workers.
Second, SOEs focused on implementing development investment projects and achieved many positive changes, ensuring progress, quality and efficiency according to the approved plan. By the end of May, the consolidated investment value of 19 large corporations and groups reached over 76,000 billion (equal to 38% of the annual plan and 120% compared to the same period).
Some major, key national projects achieved high implementation value, especially in the energy sector such as Nhon Trach 3, 4, Quang Trach 1 thermal power plants, expansion of Hoa Binh and Yaly hydropower plants, 500 kV power lines, a series of Lot B power projects, transportation projects (expansion of Tan Son Nhat and Noi Bai airports, Ben Luc - Long Thanh expressway, Long Thanh airport, container terminals 3 and 4 at Lach Huyen port), restructuring of Nghi Son oil refinery project) achieved positive results...
Third, SOEs continue to maintain their position, promote their core, leading and dominant role in many important economic sectors and fields, contributing to ensuring macroeconomic stability and ensuring major balances through the provision of essential products and services such as electricity, coal, petroleum, basic chemicals, air, sea, rail, telecommunications, information technology, etc., meeting the needs of the people and serving socio-economic development. There are local SOEs that have developed strongly and reached out across the country.
Fourth, the state-owned enterprise sector has gradually transformed itself in innovation, applied science and technology, piloted and applied modern management models, optimized production and business efficiency, and enhanced its reputation domestically and internationally. Some large state-owned enterprises have become pioneers in new technology fields and the fourth industrial revolution.
Besides the very basic results achieved in recent times, the Prime Minister said that the operations of state-owned enterprises still have many limitations and shortcomings.
Accordingly, the exploitation of capital and assets is not commensurate with what has been assigned; production and business activities of state-owned enterprises in general are subject to many adverse impacts of objective contexts and the world situation; some enterprises are making losses, and some corporations and general companies do not achieve their planned targets.
The SOE sector in general still has delays and institutional problems, leading to lost opportunities, reduced operational efficiency, and has not clearly demonstrated its role in leading, paving the way, and promoting other economic sectors. The legal system on SOEs, reporting and approval processes and procedures still have many layers, are not thoroughly decentralized, and require approval from many agencies.
Disbursement of public investment capital has not met expectations. The scale of development investment and the participation of state-owned enterprises in key national projects are still modest, especially investment in new fields such as clean energy, renewable energy, hydrogen, high technology such as semiconductor chip manufacturing, artificial intelligence. Overall development investment efficiency has not met expectations, some projects with large investment capital have potential risks, large accumulated losses, continuously for many years.
Restructuring methods are not effective, some businesses have not optimized capital efficiency, decided to invest when financial capacity did not meet requirements but mainly relied on loans, some projects have been pending for a long time.
Competitiveness, innovation, and application of science and technology still have many shortcomings and are still behind the development trend; business administration and management have not been innovated much and have not really followed international principles and practices, suitable for the modern market economy.
The treatment and handling of responsibilities are still largely administrative, not creating motivation associated with responsibilities according to market mechanisms, and the capacity for management, investment, and project implementation in general is still lacking and weak. Most state-owned enterprises managed by localities have limited capacity and low business efficiency.
Expectation: "Each ministry and sector has a Viettel, each province and city has a Becamex"
The Prime Minister emphasized that 2024 is a year of extremely important acceleration to complete the goals of the 13th National Party Congress. There is not much time left from now until then, so we must promote the achievements made over the past 3 years, overcome the limitations, weaknesses, and inadequacies due to both subjective and objective factors.
The Prime Minister highlighted a number of orientations, first of all, always clearly defining the leading role of the State economy, SOEs are an important and core force for the task of socio-economic development, promoting growth, stabilizing the macro-economy, and ensuring major balances. This is an important task of SOEs.
Promote the spirit of autonomy, self-responsibility, creativity, patriotism, and responsibility of cadres, civil servants, public employees, and workers to fulfill this noble mission. Focus on renewing traditional growth drivers (investment, export, consumption) and promoting new growth drivers such as digital transformation, green transformation, circular economy, semiconductor chip production, hydrogen, and artificial intelligence (AI) development.
Second, continue to review and effectively implement approved restructuring projects, development strategies, annual and five-year production, business and investment development plans; thoroughly handle long-standing issues, accelerate investment progress, complete unfinished projects, projects that have been behind schedule for many years, and finalize projects within the prescribed time limit.
"The right strategy will help businesses overcome challenges. Therefore, with annual and 5-year production, business and investment development plans, businesses need to proactively build detailed, specific short-term, medium-term and long-term roadmaps, actively implement key tasks and solutions such as striving to achieve all key targets including revenue, profit, payment to the State budget, and average income of workers.
Third, focus on improving the operational efficiency, production and business of state-owned enterprises in a fundamental, systematic, comprehensive and sustainable manner through innovation and optimization of production methods, cooperation, technology, administration, personnel, etc.; focus on innovating personnel work, human resources are the key of the key, recruiting and hiring high-quality human resources, considering piloting the hiring of foreign executives and leaders who are not party members; building appropriate compensation and salary mechanisms and policies.
The Prime Minister affirmed that the Party and State always pay attention to and focus on developing the state-owned enterprise sector - a sector that makes a large contribution to the goal of socio-economic development... - Photo: VGP
Fourth, accelerate the progress, improve the quality and efficiency of development investment projects of state-owned enterprises to promote traditional growth drivers, new growth drivers, and three strategic breakthroughs. Thoroughly grasp and clearly recognize the outstanding advantages in terms of resources, capital, assets, technology, and high-quality human resources that are being held.
"If state-owned enterprises do not become pillars, take the lead, pioneer in opening the way for investment and development, create motivation, lead and spread in socio-economic development, then which economic sector can do it?", the Prime Minister asked.
Fifth, prioritize the formation and development of national enterprises and large-scale enterprises to promote their pioneering role in a number of important industries and fields with competitive advantages and the ability to lead the country's industrialization and modernization process.
Further analyzing this content, the Prime Minister said that Resolution 29 of the Central Committee clearly defines the building and development of a number of large-scale economic groups, state-owned enterprises, and domestic private enterprises that operate effectively, have international competitiveness, and play a leading and pivotal role in a number of important fields, and strengthen the ordering mechanism and assign tasks to a number of large-scale groups, state-owned enterprises, and private enterprises that have sufficient capacity to carry out strategic tasks.
With the desire and expectation that "each ministry and sector has a Viettel, each province and city has a Becamex", the Prime Minister said that the model already exists, the problem is that it needs to be expanded.
Resolution 41 of the Politburo also identifies research on breakthrough policies to form and develop national enterprises and large-scale enterprises that play a leading role in a number of key and important industries and fields, and have an important position in the global supply chain and value chain.
"More than ever, Vietnam needs large enough domestic enterprises with competitive capacity, reaching international standards, and having brands, playing a core role in leading the industrialization and modernization process," the Prime Minister said, asking SOEs, especially large-scale SOEs, to make more efforts, increase accumulation, focus on promoting investment activities, become large locomotives on par with the region and the world, and strive to affirm the prestige and brand of national and ethnic enterprises in the international arena.
"5 pioneers" of state-owned enterprises
In that spirit, the Prime Minister requested that SOEs implement well the "5 pioneers": (1) Pioneer in innovation, application and mastery of science and technology in the era of the 4th industrial revolution; (2) Pioneer in international integration, effective investment abroad; (3) Pioneer in effectively exploiting the country's resources, along with actively promoting the prevention and fight against corruption and negativity; (4) Pioneer in researching, proposing and implementing breakthrough mechanisms and policies for national development, including enterprise development, socio-economic development along with good social security; (5) Pioneer in training high-quality human resources, smart governance.
Regarding a number of specific tasks, the Prime Minister requested that state-owned enterprises operating in the energy sector (electricity, petroleum, coal) must meet the needs of the economy; especially ensuring electricity supply under any circumstances.
In the supply of food, State corporations and groups in the agricultural sector need to promote production, business, application of science and technology, grasp the market, and closely coordinate to implement the Project to develop 1 million hectares of high-quality, low-emission rice. The Prime Minister agreed to organize a 3-party conference (State, enterprises and people) to implement this project.
For the group of state-owned enterprises providing public services, the Prime Minister requested that social security, clean water supply, and flood prevention be ensured. Corporations and general companies continue to research solutions to exempt and reduce fees and charges, support people and businesses, especially with regard to water, telecommunications fees, logistics costs, landing and take-off costs, etc.
Corporations and state-owned enterprises in the fields of construction, urban infrastructure development and urban housing focus on developing 1 million social housing apartments, especially this year must complete investment and development of 130,000 apartments.
State-owned commercial banks have taken drastic and pioneering actions to reduce interest rates for people and businesses, directing credit to traditional and new growth drivers, linking and developing regional economies.
For ministries, agencies and localities, the Prime Minister suggested paying attention to and accompanying businesses in a practical way, "thinking honestly, speaking honestly, doing honestly, achieving real results, businesses enjoying real benefits", "talking less, doing more", "saying is doing, committing is doing, doing, implementing must produce specific products, achieving quantifiable results, weighing, measuring, and counting".
The Ministry of Planning and Investment needs to make more efforts, closely follow the international and regional situation, domestic developments and business activities to always innovate; pioneer in removing difficulties, reducing administrative procedures, proposing mechanisms and policies, researching preferential policies to develop priority sectors and fields, reviewing legal procedures, and simplifying administrative procedures.
The Ministry of Home Affairs coordinates with the Central Organization Committee and the Party Committee of the Central Enterprises Bloc to propose reasonable personnel and organizational work, specific to state-owned enterprises but ensuring harmony within the overall political system under the leadership of the Party.
The Ministry of Finance shall promptly study the draft Law on Management and Investment of State Capital in Enterprises in the spirit of Resolution 68, further promote decentralization to the owner's representative agency; strengthen decentralization and delegation of authority along with resource allocation, improve implementation capacity for subordinates and strengthen inspection and supervision.
The State Capital Management Committee at Enterprises continues to improve the effectiveness of operational management in accordance with Resolution 68 of the Government; on the basis of the conclusions of the Politburo, summarize appropriate operational models; further promote the role of managing capital and assets of enterprises; strengthen inspection, supervision, and urge enterprises to effectively implement strategies and production and business plans.
The agencies representing the owners of state-owned enterprises shall resolutely, fully and effectively perform the functions, tasks, powers and responsibilities of the representative agencies, promptly and proactively resolve tasks within their authority and long-standing issues, without shirking or avoiding them; the leaders of corporations, general companies and state-owned enterprises shall perform well the assigned duties and tasks with the spirit of daring to think, daring to do, daring to take responsibility, improving management capacity and focusing on core business lines.
The Prime Minister affirmed that the Government and the Prime Minister are always receptive, listen, and do not ignore any opinions of businesses, whether domestic or foreign, large or small.
The Prime Minister hopes and believes that with the core role in using and managing huge resources, with solidarity, high determination, great efforts, and drastic actions, SOEs will continue to promote the achieved results, including positive results in the first 5 months of the year, steadfastly overcome all difficulties and challenges, contributing to the excellent completion of the general task of 2024, which is to promote growth, control inflation, maintain macroeconomic stability, and ensure major balances in the spirit of "growing from hands, minds, sky, seaports, turning nothing into something, turning difficult into easy, turning impossible into possible, only discussing doing, not retreating".
Source: https://www.nguoiduatin.vn/thu-tuong-ky-vong-moi-bo-nganh-co-mot-viettel-a668488.html
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