State-owned enterprises must grow sustainably and strongly with the country.

Prime Minister Pham Minh Chinh chaired the meeting. Photo: Duong Giang/VNA

Attending the conference were Deputy Prime Minister Ho Duc Phoc; leaders of ministries, branches, central agencies; leaders of provinces and centrally run cities; representatives of associations, especially 68 state-owned enterprises representing sectors and fields of the economy .

In his opening speech, Prime Minister Pham Minh Chinh emphasized that the Government and the Prime Minister regularly have meetings with the business community. However, in the face of new difficulties, challenges and fluctuations, the Government continues to work with businesses to assess the situation, discuss solutions, overcome together, continue to develop rapidly and sustainably, in which state-owned enterprises play a leading role.

According to the Prime Minister, Vietnam is a developing country with a transitional economy, modest in scale, large in openness, and limited in resilience to external shocks. Therefore, in the face of difficulties and challenges, we must remain calm, not panic or fear, but also not be subjective or negligent; promote self-reliance and self-reliance, the more difficult it is, the more we strive to overcome it.

Prime Minister Pham Minh Chinh said that since the beginning of his term, every year we have encountered difficulties and challenges, from the COVID-19 pandemic to conflicts causing disruptions in supply and production chains; impacts from adjustments in monetary policies of countries; difficulties in the stock market, real estate, and corporate bonds; storms, floods, and landslides causing particularly serious consequences...

However, the above difficulties and challenges cannot be as difficult as when Vietnam waged resistance wars to regain national independence, during the period of embargo and siege, and carried out the renovation process from "empty hands"... Thanks to unity, consensus, self-reliance, self-reliance, and overcoming itself, Vietnam has been confident, strongly and resolutely innovated, overcoming all difficulties and challenges, including the role of state-owned enterprises.

The Prime Minister said that our country is currently vigorously implementing the "strategic quartet" including breakthroughs in science, technology, innovation and national digital transformation; streamlining the political system and local administrative units; developing the private economic sector; and international integration in the new situation. Along with that, implementing three strategic breakthroughs in building and perfecting institutions; developing strategic infrastructure; and training high-quality human resources.

Considering that the world seems to be in a “trade war”, the Prime Minister pointed out that Vietnam does not have just one market but many markets; does not have just one growth driver which is export but many growth drivers. Therefore, it is necessary to diversify products, diversify production chains, diversify supply chains…

Prime Minister Pham Minh Chinh chaired the meeting. Photo: Duong Giang/VNA

Emphasizing that the Prime Minister's conference with state-owned enterprises today is considered as the "Dien Hong Conference" in the face of difficulties and challenges in global trade; with the spirit that everyone must have high determination, great efforts, drastic actions, complete each task, have a focus and key points to "make a storm out of a few", Prime Minister Pham Minh Chinh asked delegates to focus on assessing and analyzing the situation; at the same time, propose solutions, with breakthroughs, assigning "clear people, clear work, clear time, clear responsibility, clear authority, clear products" to overcome difficulties and challenges together.

Noting that “The Party has directed, the Government has agreed, the National Assembly has agreed, the people support, then we only discuss action, not retreat”, Prime Minister Pham Minh Chinh requested drastic and synchronous implementation of solutions to promote growth to 8% or more in conjunction with stabilizing the macro economy, controlling inflation, ensuring major balances of the economy, ensuring social security, improving the material and spiritual life of the people...

Governor of the State Bank of Vietnam Nguyen Thi Hong speaks. Photo: Duong Giang/VNA

* According to the Ministry of Finance, in 2024, 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. In 2024, the total assets of state-owned enterprises will reach more than 5.6 million billion VND, equity will reach nearly 3 million billion VND, total revenue will reach nearly 3.3 million billion VND, and pre-tax profit will reach more than 227 thousand billion VND.

State-owned enterprises have focused on implementing investment projects to improve their capacity and scale of production and business; especially focusing on important and key sectors and fields of the economy, contributing to the implementation of the socio-economic development goals of the whole country.

At the conference, which is considered the Prime Minister's "Dien Hong Conference" with state-owned enterprises in the context of new difficulties and challenges in global trade, leaders of ministries, branches, especially business leaders, proposed many breakthrough solutions to promote the role of state-owned enterprises as pioneers in digital transformation and promote double-digit growth, developing the country quickly and sustainably.

In particular, delegates proposed solutions to create breakthroughs, strongly promote new growth drivers; support and encourage enterprises to innovate technology, invest in emerging industries such as semiconductors, artificial intelligence, renewable energy, high-tech agriculture, logistics and smart infrastructure... Along with that, focus on restructuring industries and fields; improve labor productivity and economic competitiveness; assign specific tasks to each domestic technology enterprise to carry out tasks of localizing platform technologies and solutions to support digital transformation; build mechanisms to help state-owned enterprises access Technology Investment Funds, State Venture Investment Funds...

Major General Tao Duc Thang, Chairman and General Director of the Military Industry-Telecoms Group, speaks. Photo: Duong Giang/VNA

Concluding the conference, Prime Minister Pham Minh Chinh emphasized that although the number of Groups and General Corporations only accounts for a small proportion of the total of nearly 1 million enterprises operating in our country, they hold a key role and position as an important material force of the economy, production and business activities in key economic and technical sectors; hold the majority of total equity capital of state-owned enterprises in the country as well as total assets of state-owned enterprises in the country, making important contributions to promoting economic development and realizing social progress and equity; contributing to stabilizing and developing the country, improving the material and spiritual life of the people, and realizing the country's two 100-year goals.

The Prime Minister reiterated that digital transformation is an objective requirement, a strategic choice, and a top priority in the country's development process, including business development. Therefore, businesses must pioneer in digital transformation, participate in leading the digital transformation process, and participate in building a digital government, digital society, and digital citizens. In particular, state-owned enterprises must grow at a high, sustainable rate to contribute to the country's high, fast, and sustainable growth, especially ensuring macroeconomic stability, controlling inflation, ensuring major balances, promoting growth; reducing public debt, government debt, foreign debt, and controlling budget deficits.

Delegates attending the Prime Minister's Conference working with state-owned enterprises. Photo: Duong Giang/VNA

To truly pioneer in transformation, the Prime Minister requires businesses to complete processes, regulations, and standardize digital transformation; build data, digitize documents and records of businesses; develop digital infrastructure of businesses, contributing to the digital infrastructure of the whole country; manage and ensure security and safety of technology, information, and data; build a team of digital staff and workers, contributing to building digital citizens.

To promote growth, the Prime Minister directed state-owned enterprises to actively and proactively innovate and promote the three traditional growth drivers: consumption, export, and investment, including expanding and diversifying markets, expanding investment, taking advantage of the domestic market with more than 100 million people, developing both domestic and foreign markets; promoting new growth drivers such as science and technology and innovation, digital transformation, green transformation, circular economy; applying smart management solutions, reducing management costs, and allocating funds for investment.

Requiring corporations, general corporations, and state-owned enterprises in general to coordinate and support each other for mutual development, the Prime Minister directed ministries and branches to review and remove obstacles related to institutions, especially the Law on Management and Use of State Capital Invested in Production and Business at Enterprises; immediately eliminate the mindset of "not knowing but still managing, if you can't manage, then ban"; review and eliminate all cumbersome and unnecessary administrative procedures; develop strategic infrastructure to reduce logistics costs and input costs for enterprises.

The Prime Minister also directed ministries and branches to train and provide high-quality human resources for businesses; strengthen the prevention and fight against negative corruption; boldly assign work to businesses; operate monetary and fiscal policies reasonably and effectively, including continuing to cut costs, reduce lending interest rates, reduce taxes, fees and charges for businesses; implement solutions, promote connections between domestic and Vietnamese businesses with FDI and foreign businesses, etc.

Affirming: The Government always accompanies, creates the best conditions and is ready to resolve proposals, recommendations, and remove difficulties for businesses. The Prime Minister hopes and believes that ministries, branches, and businesses will focus on implementing the above solutions with the spirit of 6 clear "clear people, clear work, clear time, clear responsibility, clear authority, clear products" and with available intelligence and experience accumulated over time, state-owned enterprises will take the lead in digital transformation and rapid, sustainable growth.

VNA

Source: https://daibieunhandan.vn/doanh-nghiep-nha-nuoc-phai-cung-dat-nuoc-tang-truong-cao-ben-vung-post410284.html