State Capital Management Committee points out restrictions before the date of termination of operations

According to the plan to implement Resolution 18 of the Government, this committee will cease its activities in December 2024.

According to the report at the conference, up to now, the State Capital Management Committee has: Basically separated the function of representing state capital ownership at enterprises from 5 ministries so that the ministries can focus on state management tasks and policy issuance; Formed a specialized agency to fully and comprehensively perform the functions, tasks, powers and responsibilities of the state ownership representative agency at 19 corporations and general companies according to regulations.

Completed processing of most of the 259 tasks under the responsibility of the ministries that were still unfinished and pending for many periods after receiving the enterprise.

To date, the total equity of 19 corporations and general companies has reached VND 1,180 trillion (up 11% compared to 2018); total assets have reached VND 2,540 trillion (up 5%); total consolidated revenue has reached VND 1,850 trillion (up 44%).

The total state budget contribution in the 2018-2023 period of 19 corporations and general companies reached 1.28 million billion VND, accounting for an average of 10-12% of the country's total annual state budget revenue.

The State Capital Management Committee at Enterprises will cease operations under the Government's plan to streamline the organization and apparatus.

The total investment value in the 2018-2023 period of 19 corporations and general companies reached 777 trillion VND, mainly focusing on the fields of energy, transport infrastructure, telecommunications, etc.

Along with the above achievements, the State Capital Management Committee also pointed out two limitations that need to be overcome.

Firstly, it has not shown any superiority compared to before in terms of professionalism and efficiency; its activities are still administrative in nature; it has not achieved the initial goals and expectations set for the Committee, which was to create a breakthrough in professional and effective management of corporations and general companies immediately after its establishment.

Second, the coordination between state management agencies and the Committee and between enterprises and the Committee is not really clear, tight and effective.

The State Capital Management Committee believes that the goals and expectations when establishing the Committee are very large; however, the legal framework for the organization and operation of the Committee is entirely based on the existing institutional and legal system, the method of operation is still administrative management like the previous ministries, without any additions or adjustments to improve the capacity and effectiveness of the new model.

As above, the initial resources of the Commission are very limited (no mechanism for high-quality personnel; no financial mechanism to supplement/transfer investment resources to enterprises). The quantity and quality of personnel in the initial stage of establishment are not adequate to fully meet the requirements of the task.

The payroll and personnel of the five ministries and branches that perform the function of enterprise management are not transferred to the Committee. There is no function to issue legal regulations to guide and remove difficulties and obstacles for the operation of enterprises. The State Capital Management Committee believes that this is one of the reasons why the performance is not as expected.

Yesterday (December 5), Permanent Deputy Prime Minister Nguyen Hoa Binh, Deputy Head of the Steering Committee for summarizing the implementation of Resolution 18, signed and issued a plan to guide the arrangement and streamlining of the Government's organizational apparatus.

According to the issued plan, the State Capital Management Committee at Enterprises will cease its operations and transfer its functions and tasks to the Ministry of Finance, specialized ministries and relevant agencies.

According to this plan, it is expected that the functions and tasks of exercising the rights of representing the owners of 19 corporations and general companies (currently managed by the State Capital Management Committee at Enterprises) will be transferred to the Ministry of Finance and Development Investment or the Ministry of Economic Development.

For State management tasks in sectors and fields related to the scope of operations of corporations and general companies, the ministries managing the sectors and fields will be responsible for management, ensuring the separation of State management functions from the function of representing the owner.

The Central Steering Committee on summarizing Resolution 18 requested units to complete the project to arrange and streamline the apparatus in December 2024 to serve the Central Conference and the extraordinary National Assembly session in February 2025.

(Source: VnEconomy)

Source: https://vtcnews.vn/uy-ban-quan-ly-von-nha-nuoc-chi-ra-han-che-truoc-ngay-cham-dut-hoat-dong-ar911923.html