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Continue to promote the core, leading, and paving the way role of state-owned enterprises in the economy



(MPI) – On March 23, 3, the Government Office issued Notice No. 2024/TB-VPCP on the conclusions of the Standing Government at the Spring Meeting with typical state-owned enterprises worldwide. country.

Illustration. Source: MPI

According to the Notice, the Prime Minister highly appreciated the Report of the Ministry of Planning and Investment, the opinions of the delegates, and acknowledged the important and positive contributions of the business community in general and businesses. the state (SOE) in particular on the development of the country. After nearly 40 years of innovation, our country has emerged strongly after war, siege, and embargo; achieved great achievements of historical significance. The country's fortune, potential, position and international reputation have never been as good as they are today.

The Government always accompanies businesses, including SOEs; Focus on developing SOEs quickly, sustainably, and in the right direction, contributing to implementing the Party's policy that the state economy plays a leading role in the economy, and SOEs play a pioneering and core role.

State-owned enterprises continue to hold large resources in terms of capital, assets, technology, and high-quality human resources, making significant contributions to the state budget, creating jobs for workers, and actively participating in welfare work. society, contributing to macroeconomic stability, controlling inflation and ensuring great balance of the economy. In 2023, although still facing many difficulties, the business results and contributions of SOEs to socio-economic development are remarkable: Total revenue is about 1,65 million billion VND, exceeding 4%. Compared to the plan, pre-tax profit is about 125,8 trillion VND, exceeding 8% of the year plan, state budget contribution is estimated at about 166 trillion VND, exceeding 8% of the year plan.

However, besides the achieved results, there are still businesses that are at a loss and have not met their production and business plan targets; Some economic groups and corporations have negative profits, including large-scale enterprises with important roles; Operational efficiency and investment are not commensurate with assigned resources; Some projects with large investment capital were unsuccessful and had potential risks; some projects had large accumulated losses over many years and the restructuring method was not effective; Investment projects abroad have many difficulties.

The Prime Minister requests ministries, branches, agencies, People's Committees of provinces and centrally run cities and agencies representing owners and SOEs to thoroughly grasp and implement Directive No. 07/ CT-TTg dated February 22, 02 of the Prime Minister on governance innovation, improving production and business efficiency and strongly promoting development investment of economic groups and state-owned corporations , SOEs and other related directions and conclusions; which focuses on the content.

Specifically, promote the core, leading, and paving the way role of SOEs in the economy; SOEs need to be a pioneering force, leading in innovation, innovating management models, restructuring capital sources, and restructuring production and supply chains. Continue to improve operational efficiency and competitiveness of SOEs in the direction of improving quality, specifically research and cooperate in implementing a number of new energy and technology projects according to world trends. , focusing on renewing traditional growth drivers. Strengthen links with domestic enterprises in other economic sectors, create domestic linkage and supply chains, and reduce dependence on foreign countries. Focus on building brands, properly evaluating and promoting the unique potential, outstanding opportunities, and competitive advantages of each SOE to rise from internal strengths. Completely handle shortcomings and weak projects based on consideration of overall benefits.

For ministries, branches, agencies, People's Committees of provinces and centrally-run cities and owner representative agencies, be positive, proactive and responsible in helping businesses according to their functions, duties and powers; create conditions and opportunities for businesses to develop, "don't let businesses come to ask, only when they ask will they do it".

Effectively carry out the assigned tasks in Resolution No. 68/NQ-CP dated May 12, 5 of the Government on continuing to innovate, improve operational efficiency and mobilize resources of SOEs.

The Prime Minister assigned the Ministry of Planning and Investment in the third quarter of 2024 to preside and coordinate with relevant agencies to research and propose to the Prime Minister to assign a focal agency to monitor and synthesize the situation. production, business and investment and development of SOEs serve the goals of state management of SOEs; At the same time, promote the role of the Steering Committee for Innovation and Enterprise Development.

People's Committees of provinces and centrally run cities actively promote good models such as Industrial Investment and Development Corporation - Joint Stock Company (Becamex IDC Corp); contribute to building institutions and supervision mechanisms to ensure healthy and effective operations of SOEs, building a team of officials and restructuring weak enterprises.

The Committee for Management of State Capital at Enterprises is more proactive and active in operating according to its assigned functions and tasks; Based on a preliminary review of the Commission model, proactively coordinate with relevant agencies to propose completion of regulations related to the functions, tasks, powers of the Commission and relevant laws./.



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