Creating strong changes in the use of State resources and opportunities for State-owned enterprises to break through

(Chinhphu.vn) - On the morning of September 30, chairing a meeting to develop a project and draft Resolution on State economic development, Deputy Prime Minister Nguyen Chi Dung emphasized the need to research and propose breakthrough solutions to remove obstacles for State enterprises and improve the efficiency of the State economy.

Chairing a meeting to develop a Project and Draft Resolution on State economic development, Deputy Prime Minister Nguyen Chi Dung emphasized the need to research and propose breakthrough solutions to remove obstacles for State-owned enterprises and improve the efficiency of the State economy - Photo: VGP/Thu Sa

Attending the meeting were leaders of the Ministry of Finance, the Government Office and representatives of 26 State-owned corporations and groups.

According to the report of the Ministry of Finance , the draft Resolution mentions specific goals: Striving to have 3 State-owned enterprises (SOEs) in the group of 500 enterprises with the largest revenue in the world (Fortune Global 500); striving for 100% of economic groups and State-owned corporations to apply OECD governance principles.

At the meeting, delegates focused on discussing the above two goals, as well as solutions to focus on investment and development of a number of large-scale economic groups and state-owned enterprises that play a leading role in key, strategic sectors and fields of the economy.

These include a breakthrough mechanism for enterprises to mobilize sufficient capital, support interest rates and provide sufficient credit to meet investment needs for key national projects assigned by competent authorities; a strong enough policy on using State resources to develop large-scale State-owned enterprises, including: Allowing the use of all revenue from equitization and divestment of State capital in enterprises; increasing the proportion of after-tax profits left in enterprises; land allocation, land lease, and lease without auction.

Delegates discussed two goals: Striving to have 3 SOEs in the group of 500 enterprises with the largest revenue in the world, striving for 100% of economic groups and State-owned corporations to apply OECD governance principles, as well as solutions to focus on investment and development of a number of large-scale economic groups and SOEs that play a leading role in key and strategic sectors and fields of the economy - Photo: VGP/Thu Sa

To promote investment and develop science and technology, large-scale state-owned corporations and groups need to build and form research and development centers and laboratories to pioneer digital transformation and green transformation; and pilot the formation of venture capital funds.

Representatives of ministries, branches and enterprises also discussed solutions to effectively implement salary and bonus mechanisms to ensure attracting high-quality resources for state-owned enterprises; Mechanisms to form bonus stock funds at joint stock companies to encourage highly qualified workers.

Along with that is the continued restructuring of State capital in enterprises and innovation and arrangement of State-owned enterprises; strengthening and promoting the model of the State Capital Investment Corporation in the direction of professional capital trading, moving towards forming a Government Investment Fund; orienting the formation of enterprises, groups of pioneering enterprises, leading and mastering core technologies, strategic technologies, and implementing key national and regional projects.

Representative of the Military Industry-Telecoms Group speaks at the meeting - Photo: VGP/Thu Sa

Representative of Vietnam Electricity Group speaks at the meeting - Photo: VGP/Thu Sa

Concluding the meeting, Deputy Prime Minister Nguyen Chi Dung assessed that the comments were very responsible, enthusiastic, and in the spirit of innovation.

Unifying and affirming that the State economy has a leading role and that State-owned enterprises play a leading and pioneering role in the economy, the Deputy Prime Minister emphasized that corporations and groups need to determine their responsibilities and missions in the new context and situation and proactively build a worthy development strategy.

The editorial team will continue to review, systematize, and filter content related to granting autonomy and self-determination within allowable limits; focus on strengthening potential and scale; support mechanisms for state-owned enterprises; separate political tasks, national defense and security and business activities...

Unifying and affirming that the State economy has a leading role and that State-owned enterprises play a leading and pioneering role in the economy, the Deputy Prime Minister emphasized that corporations and general companies need to determine their responsibilities and missions in the new context and situation and proactively build a worthy development strategy - Photo: VGP/Thu Sa

The Deputy Prime Minister encouraged businesses to actively contribute their opinions to the draft until the end, and recommended and proposed that the Ministry of Finance continue to research and properly absorb it, so that the Resolution must create a strong change in the use of State resources, creating opportunities for State-owned enterprises in the coming time to have conditions to break through.

Thu Sa

Source: https://baochinhphu.vn/tao-chuyen-bien-manh-me-trong-su-dung-nguon-luc-nha-nuoc-va-co-hoi-de-doanh-nghiep-nha-nuoc-but-pha-10225093012402222.htm