Prime Minister Pham Minh Chinh: State-owned enterprises promote patriotism, accelerate, break through, and reach the finish line together with the whole country

On the morning of February 27, concluding the Government Standing Committee Conference with state-owned enterprises on tasks and solutions to contribute to double-digit economic growth and rapid and sustainable national development, Prime Minister Pham Minh Chinh requested state-owned enterprises to implement 6 pioneering measures to accelerate, break through, and reach the finish line together with the whole country.

Prime Minister Pham Minh Chinh concluded the Government Standing Committee's meeting working with state-owned enterprises. Photo: Duong Giang/VNA

Also attending were Deputy Prime Ministers : Bui Thanh Son, Ho Duc Phoc, Mai Van Chinh; leaders of ministries, branches, central agencies; leaders of key economic development provinces and cities and leaders of corporations, general companies, and state-owned enterprises.

According to the Ministry of Finance, in 2023, the country will have 671 state-owned enterprises, including 473 enterprises in which the State holds 100% of the charter capital and 198 enterprises in which the State holds more than 50% of the charter capital. The total assets of state-owned enterprises are nearly 3.9 million billion VND; total revenue is more than 2.6 million billion VND, with pre-tax profit of 211 trillion VND and budget contribution of more than 365 trillion VND. State-owned enterprises play a key role, dominating a number of areas such as energy security, food, telecommunications, petroleum, finance, etc.

In recent times, enterprises have actively restructured and improved production and business efficiency. The Government Standing Committee has worked with state-owned enterprises to listen, exchange, discuss and propose solutions to maximize resources, renew growth drivers and promote new growth drivers, contributing to accelerating the economy and making breakthroughs in 2025, towards the country's sustainable development goals.

At the conference, supporting and determined to work with the whole country to strive to achieve the growth target of 8% in 2025, double-digit growth in the following years, however, business leaders said that this target is a big challenge.

Business representatives said that in recent times, the Party and the State have had many mechanisms and policies; the Government has directed to drastically remove bottlenecks and clear obstacles for business development. However, there is still a delay from policy to practice.

Delegates proposed to urgently realize and put new policies into practice; need to be flexible in macroeconomic management; strongly and clearly decentralize the management of state capital invested in enterprises; separate and define the state management function from the function of capital owners and enterprises; give more power to state-owned enterprises; increase the initiative of enterprises in decisions on using investment capital and purchasing assets to serve the production and business activities of enterprises; reduce direct intervention of the owner's representative agency; enhance autonomy, responsibility and limit loss, waste, embezzlement, and corruption; have policies on socialization, attracting investment capital, especially investment in large-scale projects...

After the leaders of ministries and branches spoke, answered the opinions of enterprises, and concluded the conference, Prime Minister Pham Minh Chinh requested the Government Office to synthesize the opinions of enterprises and submit to the Prime Minister to assign tasks to ministries and branches in the spirit of "clear people, clear work, clear time, clear responsibility, clear results" to remove obstacles, create favorable conditions for enterprises to develop, and contribute to the country's rapid and sustainable development.

Assessing that, in recent times, state-owned enterprises have made important contributions to stabilizing the macro-economy, promoting growth, ensuring major balances of the economy and having developed and contributed greatly to the budget, the Prime Minister said that the achievements are still mainly concentrated on a number of large enterprises, the majority of remaining enterprises have not produced and operated as effectively as expected, and have not contributed to strongly promoting the country's economic growth.

Wishing that state-owned enterprises develop, contribute more strongly, promote the economy to develop rapidly, strongly, sustainably, and help the country take off in the coming time to achieve two 100-year goals, by 2030, Vietnam will be a developing country with modern industry, high average income and by 2045 become a developed country, high income, the Prime Minister said that it is necessary to change thinking, working methods; closely follow reality, respect reality, take reality as a measure; mobilize the strength of the people; review, supplement, and perfect institutions and laws in the direction of openness, market economy institutions, socialist orientation, as a lever, fulcrum to mobilize resources for national development; diversify markets, diversify products, diversify supply chains, participate deeply in the global supply chain; proactively apply new science and technology to increase labor productivity, reduce resource use; Innovate governance in a smart direction…, with the motto “institutions must be open, governance must be smart and infrastructure must be smooth”.

Stating that the State plays a role in creating, designing and organizing the implementation of macro policies to ensure political stability, social order and safety, maintain macroeconomic stability, ensure policy stability and practical development; at the same time, design tools to mobilize maximum social resources for development, take public investment as the leading factor in private investment, especially promote public-private cooperation in all fields..., the Prime Minister requested that state agencies must listen, absorb and be open-minded to solve practical problems and difficulties posed by enterprises; tasks under the authority of which sector or level must be solved by that sector or level.

The Government Standing Committee's meeting works with state-owned enterprises. Photo: Duong Giang/VNA

The Prime Minister requested enterprises, especially state-owned enterprises, to take 6 pioneering steps: Pioneering in innovation, digital transformation, development and application of science and technology; pioneering in making more active and effective contributions to the 3 strategic breakthroughs in institutions, infrastructure and human resources; pioneering in accelerating and breaking through effective development, making practical contributions to the country's inclusive, comprehensive and sustainable growth and development; pioneering in developing the digital economy, green economy, circular economy, sharing economy, knowledge economy and creative economy; pioneering in ensuring social security, especially in eliminating temporary and dilapidated houses and building social housing for workers; pioneering in creating goods with high added value, participating in global value chains, supply chains and production chains, reaching out to the region and internationally, contributing to improving national competitiveness and brand.

Prime Minister Pham Minh Chinh requested enterprises to develop plans, scenarios, and set growth targets to contribute to the country; propose and recommend mechanisms and policies for the Government, ministries, branches, and localities to consider, supplement, amend, complete, and resolve on the basis of functions, tasks, and powers. "Proposals and recommendations from enterprises that fall within the authority, functions, tasks, and powers of a ministry, branch, or level shall be handled by that ministry, branch, or level; if not handled, it shall be reported to the Prime Minister," the Prime Minister noted.

Directing the continued improvement of the Government's mechanisms and policies such as Resolution 58, Resolution 01, as well as Resolution 158 of the National Assembly, especially the amendment of Law 69/2014/QH14 on management and use of state capital invested in production and business at enterprises, the Prime Minister requested the continued implementation of Resolution 18-NQ/TW on streamlining and streamlining the apparatus, improving the effectiveness and efficiency of state management; reducing costs to increase labor productivity and reduce prices.

Regarding the proposals of enterprises, the Prime Minister assigned Deputy Prime Minister Ho Duc Phoc to be in charge of resolving them, in the spirit of being open-minded and accepting them for amendments. In particular, considering the overall efficiency, accepting risks but ensuring the overall stability and development of enterprises; promoting the intelligence, dynamism and creativity of each subject, enterprise and each person; creating space for enterprises to be creative and responsible before the law for their decisions; ensuring the harmony of interests between the State, people and enterprises.

The Prime Minister hopes that businesses will promote patriotism, have aspirations, look far and wide, think deeply, do big things, grasp reality, respond flexibly to the situation, and join the whole country in accelerating, breaking through, reaching the finish line, and bringing the country to rapid and sustainable development.

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