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Prime Minister: State-owned enterprises must grow strongly and sustainably with the country

The Prime Minister directed to immediately eliminate the mindset of “managing without knowing, and banning if unable to manage”; review and eliminate all cumbersome and unnecessary administrative procedures; develop strategic infrastructure to reduce logistics costs and input costs for businesses.

Hà Nội MớiHà Nội Mới15/04/2025

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

Concluding the conference of the Prime Minister working with state-owned enterprises on the theme of pioneering in digital transformation and promoting growth on the morning of April 15, Prime Minister Pham Minh Chinh affirmed that the Government always accompanies, creates the best conditions and is ready to resolve proposals, recommendations, and remove difficulties for state-owned enterprises to develop quickly and sustainably.

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 charter capital and 198 enterprises in which the State holds more than 50% of charter capital.

Total assets of state-owned enterprises reached more than 5.6 million billion VND, equity reached nearly 3 million billion VND, total revenue reached nearly 3.3 million billion VND, pre-tax profit reached 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 a mechanism to help state-owned enterprises access technology investment funds, state venture capital funds...

Concluding the conference, Prime Minister Pham Minh Chinh emphasized: Although the number only accounts for a small proportion of the total of nearly 1 million operating enterprises, corporations and general companies hold a key role and position as an important material force of the economy, operating in production and business activities in key economic and technical sectors; holding the majority of total equity capital of state-owned enterprises nationwide as well as total assets of state-owned enterprises nationwide, 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.

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Prime Minister Pham Minh Chinh speaks. Photo: Duong Giang/VNA

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.

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, technology and innovation, digital transformation, green transformation, circular economy; applying smart management solutions, reducing management costs, and allocating funds for investment.

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Prime Minister Pham Minh Chinh speaks. Photo: Duong Giang/VNA

Requiring corporations, general companies, 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 fight against corruption and negativity; 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 that 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", with available intelligence and experience accumulated over time, state-owned enterprises will take the lead in digital transformation and rapid, sustainable growth./.

Source: https://hanoimoi.vn/thu-tuong-doanh-nghiep-nha-nuoc-phai-cung-dat-nuoc-tang-truong-cao-ben-vung-698993.html


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