Don't let businesses come and ask, only do it when they call!

Developing state-owned enterprises quickly, sustainably and in the right direction

On March 3, the Government Standing Committee held a spring meeting with typical SOEs. In his concluding remarks, Prime Minister Pham Minh Chinh affirmed that the Government is always by the side of SOEs, FDI enterprises and domestic private enterprises; emphasizing the viewpoint of developing SOEs quickly, sustainably and in the right direction, contributing to the implementation of the policy of the State economy playing a leading role in the economy, in which SOEs play a pioneering and core role.

Appreciating the reports and comments of the delegates, the Prime Minister acknowledged the important and positive contributions of the business community in general and SOEs in particular to the country's development.

The Prime Minister also stated: Production and business activities of state-owned enterprises are basically stable, but there are still some enterprises making losses, some corporations and general companies have not achieved their production and business plan targets, some corporations and general companies have negative profits, including large-scale enterprises with important roles.

State-owned enterprises, especially corporations and general companies, have made great efforts to implement new investment projects, but the resources assigned to them are still not commensurate with the resources they have been assigned. Some enterprises have committed violations, corruption, and negativity, which must be dealt with. State-owned enterprises have not yet demonstrated their leadership role.

The reason is that in some places and at some times, we are still passive and confused in the face of major changes, policy responses are not timely, restructuring is not appropriate to the situation; the spirit of innovation in some corporations and general companies is still limited, there is still fear of mistakes and responsibility, and some policies and regimes are not suitable.

Prime Minister Pham Minh Chinh delivered a concluding speech at the conference (Photo: VGP).

The Prime Minister emphasized the need to learn from experience, point out the causes of shortcomings, strictly handle those who make mistakes and violate, but not to falter because of that; must be politically sensitive, economically astute, scientifically and technologically profound, turn the situation around, and change the state using all available thinking and experience combined with the world's experience; must be more proactive in proposing new ways of doing things to accelerate and overcome.

According to the Prime Minister, state-owned enterprises must confidently move forward, not be arrogant in victory, not be discouraged in defeat, create new motivation, new spirit, new achievements, new victories. It is important to promptly detect difficulties and obstacles, promptly respond to policies, develop mainly based on science and technology, innovation, taking people as the center, the subject, the goal, the driving force, and the resource for development.

The Prime Minister believes that SOEs will definitely succeed as their leaders have held many different positions, experienced many difficulties and challenges to mature, and have enough capacity and qualifications to handle sudden and arising problems.

Promote the role of pioneering and leading

In the coming time, the Prime Minister requested to continue to thoroughly grasp and effectively implement Directive No. 07 of the Prime Minister dated February 22, 2024 on innovation in governance, improving production and business efficiency and strongly promoting investment and development of corporations, general companies, state-owned enterprises and other relevant instructions and conclusions.

Emphasizing some additional contents, the Prime Minister requested to continue promoting the pioneering and leading role of SOEs in the economy. SOEs need to be the pioneering and leading force in innovation, digital transformation, and economic restructuring associated with growth model innovation.

Continue to improve the operational efficiency and competitiveness of SOEs in the direction of improving quality, specifically researching and cooperating to implement a number of new energy and technology projects following the shifting trends in the world, focusing on renewing traditional growth drivers (investment, export, consumption), while promoting new growth drivers related to digital transformation, green transformation, circular economy, knowledge economy, sharing economy, and climate change response.

Promote digital transformation and application of science and technology, encourage the formation of innovation centers in enterprises, create breakthrough momentum, improve productivity, quality, efficiency and competitiveness. Promote effective implementation of restructuring projects, development strategies, annual and 5-year production, business and investment development plans that have been approved, reviewed, supplemented and adjusted to suit the situation.

The Prime Minister talks with delegates attending the conference (Photo: VGP).

Stressing that the right strategy will help overcome challenges, the Prime Minister stressed that SOEs need to restructure their governance.

Specifically, restructuring the operating apparatus to be lean, effective and efficient, restructuring the workforce towards improving quality and reducing quantity. Restructuring capital, ensuring safety, developing capital, focusing on investment and development.

Restructuring production and business towards following the market, respecting the laws of supply and demand, and the laws of competition. State-owned enterprises must improve their competitiveness and resilience to economic shocks both domestically and internationally; ensuring growth, thereby contributing to overall growth, the State budget, and improving the lives of workers.

The Prime Minister gave an example: the construction of the 500 kV line 3, Quang Trach - Pho Noi, must mobilize the strength of localities and businesses, create competition, and fight monopoly in the construction of this power transmission line.

"What I most want, the message I want to convey is that SOEs must play a pioneering and leading role in innovation, science and technology, and emerging industries; on that basis, diversify markets, products, supply chains, and link with foreign corporations, groups, and private groups to create value chains, not doing business alone in the current context of integration," said the Prime Minister.

Regarding ministries and branches, the Prime Minister requested that based on their functions, tasks and powers, they must be active, proactive and responsible in helping businesses, creating conditions and opportunities for businesses to develop, "not waiting for businesses to come and ask for help, then doing things", effectively coordinating with businesses to remove difficulties, overcome challenges, promote strengths, limit weaknesses, move forward, keep up and rise up, and accelerate development.

The Prime Minister assigned the Ministry of Planning and Investment to preside over and develop a project on State management of SOEs, in the direction of separating the ownership function and the State management function. Assigned the State Capital Management Committee at Enterprises to review the Committee model, propose to perfect related regulations and be more proactive and active in its activities.

The Prime Minister requested that localities also actively participate, promote and multiply good models such as Becamex Binh Duong; contribute to building institutions, building staff, and building monitoring mechanisms to ensure the healthy and effective operation of state-owned enterprises .

Source: https://www.nguoiduatin.vn/thu-tuong-khong-de-doanh-nghiep-den-xin-den-keu-thi-moi-lam-a652282.html