Prime Minister directs 4 "big guys" Viettel, VNPT, Mobifone and GTEL to lead semiconductor chip research

Continue to review and simplify loan and disbursement procedures.

On February 23, the Government Office announced that Prime Minister Pham Minh Chinh has just signed and issued Directive No. 07/CT-TTg on innovation in governance, improving production and business efficiency and strongly promoting investment and development of corporations, general corporations and state-owned enterprises (collectively referred to as SOEs).

In the directive, the Prime Minister requested that SOEs continue to promote their pioneering and leading role in the economy , ensuring that SOEs are the pioneering force in the fields of innovation, digital transformation and economic recovery.

The Prime Minister also requested to speed up the progress of projects: Ring Road 4 of the Capital Region, Ring Road 3 of Ho Chi Minh City..., Long Thanh International Airport, Passenger Terminal T3 of Tan Son Nhat Airport; soon complete the upgrading of maritime routes to Cai Mep - Thi Vai port, Nam Nghi Son port...

Military Industry - Telecommunications Group (Viettel), VNPT, Mobifone, Global Technology - Telecommunications Corporation (GTEL)... continue to promote investment projects to develop and popularize traditional telecommunications infrastructure to digital infrastructure.

At the same time, these corporations develop data center and cloud computing infrastructure, digital technology infrastructure and digital platforms, digital applications to create momentum for digital economic development; at the same time, they play a leading role in researching emerging technologies (semiconductor chips...).

Vietnam Electricity Group (EVN) is speeding up the implementation of the 500KV line 3 circuit projects from Quang Trach (Quang Binh) to Pho Noi (Hung Yen), striving to put it into operation in June 2024.

EVN, Vietnam Oil and Gas Group (PVN), Vietnam National Coal and Mineral Industries Group (TKV) and their affiliated units shall promptly and effectively implement the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII) according to regulations, ensuring national energy security, providing sufficient electricity for production, business and people's consumption.

EVN and PVN proactively propose to competent authorities solutions to remove bottlenecks and obstacles arising in the development of gas-fired thermal power projects to contribute to promoting investment progress in gas-fired power source projects and gas exploitation projects.

Vietnam National Petroleum Group and other state-owned enterprises are key enterprises in the petroleum business, increasing the ability to forecast world market price movements, proactively ensuring the supply of petroleum for the economy and minimizing disadvantages caused by fluctuations in world petroleum prices.

State-owned enterprises in the field of urban infrastructure development and urban housing have promoted the development of social housing and worker housing projects; contributing to the rapid and effective implementation of the Project "Investing in the construction of at least 1 million social housing apartments for low-income earners and industrial park workers in the 2021-2030 period", striving to complete about 130,000 apartments by 2024.

State-owned commercial banks continue to review and simplify lending and disbursement procedures in accordance with regulations, reduce costs, strive to reduce lending interest rates, and ensure reasonable interest costs to support economic recovery.

Completely overcome the avoidance and shirking of responsibility

Ministries, branches, agencies, People's Committees of provinces and centrally-run cities and representative agencies of owners shall promote administrative procedure reform, improve the investment and business environment, create favorable conditions for people and businesses; resolutely cut down on unnecessary, inappropriate and unfeasible administrative procedures and business regulations.

Correct and thoroughly overcome the avoidance and shirking of responsibility in performing public duties; at the same time, it is necessary to protect cadres who dare to think, dare to do, and dare to take responsibility for the common interest, including the interests of the people and businesses.

The Ministries of Natural Resources and Environment, Finance, Agriculture and Rural Development urgently submit to the Government for promulgation of Decrees detailing the Land Law to ensure progress and quality, soon put the Land Law into practice, unlock resources, develop the socio-economy and support the development of production and business of state-owned enterprises.

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