SUMMARY: The Government Standing Committee held a spring meeting with typical state-owned enterprises nationwide.

(Chinhphu.vn) - On the morning of March 3, in Hanoi , the Government Standing Committee held a spring meeting with typical state-owned enterprises. Prime Minister Pham Minh Chinh and Deputy Prime Ministers Le Minh Khai and Tran Luu Quang co-chaired this event.

Prime Minister Pham Minh Chinh delivers the opening speech at the Conference - Photo: VGP/Nhat Bac

Today's meeting is an opportunity for the Government leaders, ministries and branches to listen to the voices of businesses, put themselves in the position of businesses to remove difficulties, promote production and business, with the spirit of each industry, each level, each person joining hands, contributing efforts, making efforts on the basis of assigned functions, tasks and powers to make a storm, overcome difficulties.

In recent times, the Party and State have paid great attention to innovation and improving the operational efficiency of state-owned enterprises and have identified them as one of the key tasks of all levels and sectors in implementing socio-economic development. With 676 enterprises, holding assets worth more than 3.8 million billion VND (as of early 2023), state-owned enterprises are identified as having a key position and being an important material force of the state economy, contributing significantly to stabilizing the macro-economy and promoting socio-economic development.

The Prime Minister once affirmed that the Party, State and people are always the mainstay, always believing that Vietnamese enterprises and entrepreneurs will develop with the country, joining hands to complete the task of building and defending the Fatherland.

With the goal of making state-owned enterprises truly become "an important material force of the state economy" leading other economic sectors, today's event is also an opportunity to focus on assessing the situation, achievements, and contributions of state-owned enterprises, clarifying the shortcomings, limitations, difficulties, and obstacles, thereby providing directions and solutions for innovation and improving the efficiency of resource use at state-owned enterprises.

08:05 March 3, 2024

Prime Minister attends meeting with typical state-owned enterprises - Photo: VGP/Nhat Bac

To let state-owned enterprises take the lead and lead…

In his opening speech, Prime Minister Pham Minh Chinh said that the conference aimed to discuss tasks related to the operations of state-owned enterprises in performing assigned tasks, contributing to the country's successful implementation of tasks and targets for 2024 and the targets and tasks according to the Resolution of the 13th National Party Congress. We only have 2 years left to implement the goals of this entire term and 2024 is the year of accelerated development, the management theme identified by the Government is "Discipline, responsibility; proactiveness, timeliness; accelerated innovation; sustainable efficiency".

According to the Prime Minister, 2023 is a difficult year for the world, including Vietnam and for businesses in general, and state-owned enterprises in particular, due to the prolonged consequences of COVID-19, conflicts, fierce strategic competition, changes in monetary policies in many countries, high inflation, reduced demand, broken supply chains, etc. On the other hand, Vietnam is a developing country, with a low starting point, an economy in transition, modest in scale, limited resilience and competitiveness, but high openness, a small external impact can also have a big impact on the internal.

In that context, under the leadership of the Party, regularly and directly led by the Politburo and the Secretariat, headed by General Secretary Nguyen Phu Trong, the participation of the entire political system, the efforts and participation of people and businesses, and the support and cooperation of international friends, we have achieved quite comprehensive results in all fields.

The macro economy is basically stable, inflation is under control, growth is promoted, major balances are ensured. Public debt, government debt, and foreign debt are under control. The size of the economy has increased to about 430 billion USD, GDP per capita is about 4,300 USD. National defense and security are maintained. The country's international reputation is enhanced.

The Prime Minister acknowledged, commended and thanked the efforts and achievements of state-owned enterprises - Photo: VGP/Nhat Bac

On behalf of the Government, the Prime Minister acknowledged, commended and thanked the efforts and achievements of state-owned enterprises, contributing to the overall achievements and results of the country. State-owned enterprises have recently promoted their role in the face of difficulties and challenges, become more mature, have more experience; preserved and effectively used capital; ensured the lives of workers and participated in ensuring social security...

In addition to the achievements, the operations of state-owned enterprises still face difficulties, shortcomings and limitations. The Prime Minister said that the meeting between the Government Standing Committee and state-owned enterprises aims to express gratitude, share difficulties, overcome challenges, remove obstacles and promote a higher sense of responsibility of state-owned enterprises.

More effectively exploiting the huge assets and capital resources available at state-owned enterprises

The Prime Minister asked the delegates to focus on assessing the situation related to the development of state-owned enterprises, current advantages and difficulties; promoting the role of state-owned enterprises to contribute to the state economy playing a leading role; solutions to more effectively exploit the huge assets and capital sources available at state-owned enterprises, especially investment solutions; renewing old growth drivers (investment, export, consumption) so that state-owned enterprises take the lead, lead, orient, create motivation, inspire the business community in general and strongly promote new growth drivers (digital transformation, green transformation, circular economy, sharing economy, knowledge economy) to maximize the capacity of state-owned enterprises; contributing to the implementation of 3 strategic breakthroughs (institutions, infrastructure, human resources); Restructuring state-owned enterprises in three major areas (management, human resources, apparatus; capital utilization; supply chain, input materials); healthy competition, promoting each other's development rather than eliminating each other; doing a better job of participating in social security work (such as the upcoming nationwide movement to eliminate temporary and dilapidated houses); promoting international cooperation, connecting with foreign-invested enterprises...

The Prime Minister said: The Party, the State, and the People trust SOEs to hand over huge capital and assets, so what must SOEs do to not betray that trust? - Photo: VGP/Nhat Bac

Further analyzing the content of restructuring state-owned enterprises, the Prime Minister gave an example of actively discussing with relevant partners from Japan and Kuwait to reach an agreement on the content of restructuring the Nghi Son oil refinery project, which invested more than 9 billion USD but still has large accumulated losses.

The Prime Minister said: The Party, the State, and the People have trusted you to hand over a large amount of capital and assets, so we must do everything we can to not disappoint that trust. What has been done well, we must do even better, what has not been done well, we must overcome difficulties and challenges, promote the spirit of daring to think, daring to do, daring to take responsibility, developing state-owned enterprises with new motivation, new spirit, progressing together with the whole country, bringing the country to develop quickly and sustainably in a difficult context.

08:19 March 3, 2024

Minister of Planning and Investment Nguyen Chi Dung: In 2023, state-owned enterprises have focused on implementing investment projects to ensure progress, efficiency and savings - Photo: VGP/Nhat Bac

Minister of Planning and Investment Nguyen Chi Dung : In 2023, the world and domestic situation continued to develop rapidly, complicatedly, unpredictably, and more difficultly than forecast, creating pressure and great impact on the socio-economic development of our country. In that context, the Government Standing Committee's organization of a meeting with typical state-owned enterprises nationwide on the first day of spring is of great significance, especially at a time when we are making every effort to mobilize and concentrate all resources to successfully implement the 2024 Socio-Economic Development Plan and the 2021-2025 Five-Year Plan.

Total revenue about 1.65 million billion VND

Here I would like to briefly report on the production and business situation of state-owned enterprises in 2023 and propose a number of tasks and solutions to maximize the role of enterprises in the country's socio-economic development in 2024.

In 2023, despite many difficulties and challenges, with the participation, efforts and determination of the entire political system, our country has achieved important results, becoming a bright spot in the global economy. In that common success, there are positive and important contributions from the business community, especially state-owned enterprises.

The total estimated revenue of state-owned enterprises in 2023 is about 1.65 million billion VND, exceeding the 2023 plan by 4%; of which the revenue of 19 Groups, Corporations and Viettel Group alone reached more than 1.3 million billion VND, accounting for nearly 80% of the total revenue of all state-owned enterprises.

Pre-tax profit of state-owned enterprises is about 125.8 trillion VND, exceeding the annual plan by 8%; state budget contribution is estimated at about 166 trillion VND, exceeding the annual plan by 8%.

In 2023, state-owned enterprises focused on implementing investment projects to ensure progress, efficiency and savings according to the approved plan. The total disbursed investment capital of 19 Groups and General Corporations alone is estimated at VND 161 trillion compared to VND 208,328 trillion assigned, reaching nearly 80% of the annual plan. Many key projects have been accelerated: Nhon Trach 3,4 Power Plant Project; Long Thanh International Airport Project, Terminal T3 of Tan Son Nhat International Airport; Ho Chi Minh City - Long Thanh - Dau Giay Expressway Expansion Project, etc.

Business representatives attending the Conference - Photo: VGP/Nhat Bac

State-owned enterprises increasingly demonstrate their leading, dominating, and leading role in important and essential sectors and fields of the economy; contribute to stabilizing the macro-economy, controlling inflation, promoting growth, ensuring major balances of the economy, making practical contributions to socio-economic development and national defense.

In addition to the above achievements, the operation of the state-owned enterprise sector still reveals some limitations such as: Some state-owned enterprises have not fully exploited the resources, capital, and assets assigned by the State; disbursement of investment capital for the whole year of 2023 has not met the set plan; some state-owned enterprises are still operating at a loss; competitiveness, application of science and technology, innovation, and digital transformation are still limited; innovation in corporate governance is still slow, not approaching good international principles and practices; the proportion of investment capital in important and essential sectors and fields has not met requirements...; there are no large-scale development investment projects to create breakthrough momentum, spillover, and create new momentum for growth, especially in new fields such as: clean energy production, renewable energy, high technology (semiconductor chip production, hydrogen...).

The above-mentioned shortcomings and limitations stem from both objective and subjective causes; some problems related to policy mechanisms have not been promptly resolved; relevant legal regulations on corporate governance, capital and asset management, land, auctions, bidding, etc. are not consistent and not suitable for business investment and management of state-owned enterprises in a market economy. Current laws on state-owned enterprises in general are not truly decentralized, and have not given autonomy to enterprises to proactively decide on investment and business activities.

There should be a salary and benefits system that is commensurate with the situation.

Based on the above content, some lessons can be drawn.

Firstly, the role, position and mission of state-owned enterprises are identified as extremely large and challenging, but the authority, responsibility, obligations and rights of state-owned enterprises in general and employees in state-owned enterprises in particular are not commensurate; state-owned enterprises are not autonomous in performing their roles and missions; employees, especially management employees, are not encouraged to innovate, dare to think, dare to do, and strive to maximize their capacity for the overall development of the enterprise.

Second, to develop the country quickly and sustainably, it is necessary to maximize and concentrate all resources that state-owned enterprises are holding for development investment, especially important national infrastructure projects, invest in capturing core technologies, develop new industries, professions and products in line with the development trends of the times.

Third, it is necessary to select and appoint a team of state-owned enterprise managers with good management qualifications and experience; at the same time, there must be a salary and benefit regime commensurate with the capacity and results of management and operation of the enterprise's business activities.

After analyzing the shortcomings and limitations, we propose some orientations and solutions to promote the role of state-owned enterprises in socio-economic development in 2024.

In 2024, it is forecasted that the world and domestic economies will continue to face greater difficulties and challenges, especially for production and business activities. This will also be a year of acceleration and breakthrough, which is of special importance in implementing the 5-year Socio-Economic Development Plan 2021-2025.

Right from the beginning of the year, the Government issued Resolution 01/NQ-CP with 12 groups of tasks and solutions, including a number of key and important tasks that businesses, especially the state-owned enterprise sector, need to implement, such as: Promoting the construction and development of a synchronous and modern strategic infrastructure system, especially the system of highways, airports, ports, urban infrastructure, inter-regional infrastructure, digital infrastructure, social infrastructure, healthcare, and education; Focusing on removing difficulties and obstacles in implementing large-scale infrastructure projects; Timely and effectively implementing the VIII Power Plan; Continuing to shift, develop and popularize traditional telecommunications infrastructure to digital infrastructure; popularizing the national digital platform; Promoting the development of the digital economy, green economy, circular economy, emerging fields, renewing old growth drivers and effectively exploiting new growth drivers...

There are solutions for state-owned enterprises to proactively develop in a competitive environment.

In order for state-owned enterprises to fully exploit their potential and resources and contribute to the successful implementation of the goals and tasks set out in Resolution 01/NQ-CP, ministries, localities and enterprises need to quickly and effectively deploy solutions.

Representatives of state-owned enterprises attending the Conference - Photo: VGP/Nhat Bac

For ministries, branches and localities, it is necessary to urgently carry out the tasks assigned by the Government and the Prime Minister in the Government's Resolutions and the Prime Minister's Decisions; speed up the progress of building strategies and development plans for sectors and fields; promote administrative procedure reform, improve the investment and business environment, and cut down on administrative procedures.

In addition, it is necessary to complete and submit to the National Assembly and the Government mechanisms and policies on state capital investment in enterprises, implementing the right to represent state ownership; specific mechanisms and policies for large-scale state-owned enterprises to play a pioneering role in important sectors and fields of the economy, thoroughly removing obstacles in legal mechanisms for production, business and investment development activities of state-owned enterprises.

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

The Ministry of Finance urgently completes the drafting of the Law amending the Law on Management and Use of State Capital in Production and Business at Enterprises (Law 69) in the direction of having solutions for state-owned enterprises to proactively develop in a competitive environment associated with responsibilities and effective inspection and supervision mechanisms; promotes decentralization and delegation of authority; urgently completes and submits to the Government amendments to the Decrees guiding Law 69/2014/QH13, focusing on studying and removing obstacles in divestment at enterprises in which the state holds more than 50% of charter capital, which are public companies that are losing money, transferring investment projects and assets between state-owned enterprises, transferring assets from state-owned enterprises to localities, handling land issues when equitizing state-owned enterprises...

As for the Ministry of Planning and Investment, it will urgently carry out the tasks. That is, completing the submission to the Government for promulgation of a Decree amending Decree No. 10/2019/ND-CP to promote decentralization, delegation of authority, creating flexibility and initiative in the activities of representative agencies of owners and state-owned enterprises; developing a Government Action Program to implement Resolution No. 41-NQ/TW of the Politburo on building and promoting the role of Vietnamese entrepreneurs in the new period; completing the submission to the Government for promulgation of a Decree amending Decree No. 10/2019/ND-CP to promote decentralization, delegation of authority, creating flexibility and initiative in the activities of representative agencies of owners and state-owned enterprises;

In addition, the Ministry also strives to complete and submit to the Government the Project "Building mechanisms and policies to form and develop ethnic enterprises to promote the pioneering role in a number of emerging industries and fields with competitive advantages to build an independent and self-reliant economy";

At the same time, complete the submission to the Government for promulgation of a Decree on the establishment, management and use of the Investment Support Fund from additional corporate income tax revenue according to regulations against global tax base erosion to attract strategic investors, support domestic enterprises to invest in a number of emerging industries and fields towards green transformation, digital transformation, and fields that create new driving forces for growth (New energy, renewable energy: offshore wind power, green hydrogen, electric cars, semiconductor chips, etc.).

Localities need to speed up the progress of rearranging and handling houses and land of local enterprises according to their authority to remove bottlenecks and free up resources for production and business development.

For the owner's representative agency, the State Capital Management Committee needs to continue to direct and implement the solutions and orientations stipulated in Resolution No. 68/NQ-CP; review and resolutely implement large and key investment projects, especially new investment projects included in the 2024 investment plan; strengthen inspection, supervision, urging and directing enterprises to implement the Development Strategy, 5-year and annual production, business and investment development plans of enterprises; closely coordinate with ministries and branches to thoroughly handle or report to competent authorities to propose solutions to immediately handle legal problems during the implementation process.

The business sector in general and state-owned enterprises in particular always play a very important role in socio-economic development - Photo: VGP/Nhat Bac

Ensuring that state-owned enterprises are pioneers in the field of innovation

For state-owned enterprises, focusing on economic groups and state-owned corporations, it is necessary to urgently organize and implement the Enterprise Restructuring Project, the Development Strategy for the period 2021-2030, with a vision to 2045; the approved 5-year and annual production, business and investment development plans, focusing on large-scale investment projects that have a spillover effect on socio-economic development, contributing to the implementation of the planning and socio-economic development plans of the industry and locality. Do a good job of investment preparation and promptly disburse investment capital to speed up the progress of investment projects.

Corporations, General Corporations, and state-owned enterprises continue to promote the pioneering and leading role of state-owned enterprises in the economy, ensuring that state-owned enterprises are the pioneering force in the fields of innovation, digital transformation, and economic recovery; applying new technologies, using clean energy, and transforming business models towards green, circular, sustainable, inclusive, and humane according to Vietnam's commitment at COP 26.

Deputy Prime Minister Le Minh Khai chaired the discussion of state-owned enterprises - Photo: VGP/Nhat Bac

In addition, it is also necessary to improve innovation capacity; innovate the corporate governance model in a modern direction in line with international practices; arrange and streamline the apparatus; enhance competitiveness in domestic and international markets; create position and strength as well as the basis for building development orientation and strategic vision for the next stage; and strive to exceed the assigned production and business plan targets, contributing to the highest level of ensuring major balances for the economy, stabilizing the macro economy, creating revenue for the state budget, solving employment and ensuring the lives of workers, and implementing social security policies.

The business sector in general and state-owned enterprises in particular always play a very important role in the socio-economic development of the country. The Government, the Prime Minister, ministries, branches and localities will always share and accompany state-owned enterprises in carrying out new tasks and difficult tasks. Therefore, the Ministry of Planning and Investment hopes that state-owned enterprises will be truly proactive, closely follow the situation, strive to fulfill the highest tasks, production, business and investment development plans for 2024 as set out, strive to exceed the assigned plan, ensure the progress and implementation plan of approved investment projects.

08:43 March 3, 2024

Mr. Tao Duc Thang - Chairman and General Director of Viettel - Photo: VGP/Nhat Bac

5G coverage nationwide this year

Mr. Tao Duc Thang - Chairman and General Director of Military Industry and Telecommunications Group (Viettel):

We are very honored and proud, and feel pressured when operating a state-owned enterprise to ensure efficiency and social security, aiming to contribute more to society.

In 2023, in such a context, state-owned enterprises, including our Group, have completed their tasks, "reaching the finish line well and safely". One of the important reasons that we see is the close management, attention, and support in terms of mechanisms and policies of the Prime Minister, Deputy Prime Ministers, and ministries and branches.

Viettel's major strategies were all approved very early. We saw the Government's concern, closeness, and support.

In 2024, we identify many advantages ahead. Opportunities are opening up, especially in the high-tech sector. Foreign affairs trips by the Government, the Prime Minister, and delegations to Vietnam of large foreign enterprises show that many opportunities lie ahead. However, along with opportunities there will be challenges, so how to ensure effective business development is something we are particularly concerned about.

To have growth, there must be investment, so in 2024 we will boldly invest a lot in infrastructure, such as transportation infrastructure, digital infrastructure, etc. 2024 will be a year of great transformation when this September, 2G waves will be turned off, only 4G and 5G waves will be available. This year we will deploy 5G coverage nationwide.

Firstly, the Group will invest nearly 30,000 billion VND to boost frequency including connection system to remote areas.

Second, strengthen international cooperation, focus on building large data centers so that large enterprises such as Amazon and Microsoft can place large data centers.

Third, focus on implementing digital transformation for the Government, businesses, and society. We are very excited that yesterday, from the regular Government meeting, we learned that there will be a very important mechanism for purchasing information technology at ministries, branches, provinces, and cities based on regular spending sources. This is a great advantage when digital businesses like us focus on providing effective digital transformation solutions.

Fourth, focus on promoting high technology. Since the end of 2023, the Central Military Commission and the Ministry of National Defense have closely directed and clearly oriented the Group on high technology. In the first months of 2024, the Group has launched to carry out important tasks assigned by the Government and the Prime Minister.

The Group aims to ensure the effective use of existing assets, while seeking new ones for growth. In addition, it focuses on resolving bottlenecks and problems. We hope that the Government will continue to support the legal framework, policies, and international cooperation so that the Group can continue to grow and develop, and have more opportunities to cooperate with large foreign enterprises in this field.

In 2024, the Group strives to synchronously deploy 4G and 5G wireless network infrastructure to cover remote areas. This requires the support of authorities at all levels, provincial, district and commune People's Committees.

Strengthen propaganda to the people, so that people understand and accompany us in the conversion from 2G to 4G. Only then can it be implemented synchronously, helping Vietnam become a country with a modern digital infrastructure in the near future.

In 2024, although there are still difficulties and challenges, Viettel Group will always be a pioneer, accepting the direction of the Prime Minister and the Ministry of National Defense to better perform the assigned tasks.

08:54 March 3, 2024

Mr. Le Manh Hung, Chairman of the Board of Members of Vietnam Oil and Gas Group (Petrovietnam): Petrovietnam's total assets as of December 31, 2023 reached 42.5 billion USD - Photo: VGP/Nhat Bac

Petrovietnam sets many new records

Mr. Le Manh Hung, Chairman of the Board of Members of the Vietnam Oil and Gas Group (Petrovietnam): In recent years, the Group as well as other enterprises have encountered many difficulties, as stated in the speech of the Minister of Planning and Investment and of Mr. Duc Thang, Chairman of the Board of Directors and General Director of Viettel Group.

Along with the general difficulties, the Group also encountered many specific difficulties related to Petrovietnam's activities such as fluctuations in major energy centers in the world and complicated developments in the East Sea, rapid fluctuations in energy transition speed, large fluctuations in supply and demand and prices of energy products. However, with the attention, direction and support of the leaders of the Party, the State, central ministries and branches, especially the close and regular direction of the Government and the Prime Minister, as well as the efforts of 60,000 oil and gas workers, in recent years, especially in 2022, Petrovietnam has overcome many difficulties, successfully completed production and business tasks, achieved many new records in revenue, budget payment, and contributed to the socio-economic development of the country.

The Group has focused on removing and resolving many big and difficult issues in recent years such as difficult investment projects: Thai Binh 2 Thermal Power Plant, the Lo B-O Mon gas-electricity project chain, and gradually removing difficulties of the Nghi Son oil refinery complex project.

Along with that, Petrovietnam also promotes expansion of scale, step by step international integration, recreating business models to adapt to circular economy, sharing economy, green economy, digital economy and energy transition.

In particular, under the direction of the Government and the Prime Minister, Petrovietnam has perfected institutions and policies in oil and gas activities for stable development.

According to FiinRatings, Petrovietnam has a strong influence on the country's socio-economic development, the Group's activities have a significant impact on the entire energy value chain in Vietnam. For the fifth consecutive year, the Group has been independently rated BB+, reflecting the Group's strong business and financial situation.

The Group has 5 areas of operation: Oil and gas exploration and exploitation, gas industry, renewable energy industry, petrochemical industry and high-quality oil and gas technical services.

Petrovietnam's total assets as of December 31, 2023 will reach 42.5 billion USD (998,000 billion VND).

Petrovietnam will certainly overcome all difficulties and challenges in 2024

2024 is a year of special significance in the successful implementation of the 5-year socio-economic development plan for 2021-2025. Aware of its responsibility and role from the first days and months of the year, Petrovietnam has urgently organized the implementation of key tasks for 2024, striving to complete and exceed the tasks and targets in 2024 assigned by the Government and the State Capital Management Committee at Enterprises, contributing significantly to the successful implementation of Resolution No. 01/NQ-CP of the Government and the socio-economic development of the country.

In which, Petrovietnam focuses on 06 key task groups, including: (1) Organizing the implementation of the Strategy and deploying the Restructuring Project in sync with Optimizing the model and modernizing the management system, the risk control system of the Group with the goal of building and developing the Vietnam Oil and Gas Group into a leading Industry-Energy Group in the country and region; (2) Deploying the Human Resource Development Strategy, focusing on talent management associated with the Project to regenerate and enhance Petrovietnam culture; (3) Promoting scientific research (especially long-term scientific research); digital transformation; applying technology and management to renew and improve the efficiency of traditional driving forces, adding new driving forces (New Energy, New Materials, Energy Industry) associated with shifting business models in line with the trend of energy transition and green transformation; (4) Strongly deploy new management methods: fluctuation management, value chain management, ecosystem management inside and outside the Group; expand international investment and business cooperation based on the country's trade and diplomatic relations; (5) Manage investment and financial portfolios, focus on implementing large projects, thoroughly handle projects and businesses in difficulty; (6) Continue to promote the completion of the system of mechanisms and policies for the Group's development, especially in the fields of new energy.

Regarding the production and business results in the first 2 months of 2024, most of Petrovietnam's production targets exceeded the 2-month plan by 5-30%, many targets increased significantly compared to the same period in 2023 such as gasoline increased by 23.5%; electricity production increased by 11%; LPG increased by 6.7%; (iv) Nitrogen production increased by 2.1%; (v) Polypropylene increased by 8.5%; NPK increased by 2.6 times - contributing to stabilizing the market and making important contributions to the country's socio-economic development.

All financial targets of the Group in the first 2 months of 2024 exceeded the plan by 16-26%, with high growth compared to the same period in 2023 (Total revenue of the Group reached 145.4 trillion VND, exceeding 26% of the plan, up 16% over the same period in 2023; Budget contribution of the Group is estimated at 20.1 trillion VND, exceeding 16% of the plan, up 3.0% over the same period in 2023). The value of investment implementation of the Group in the first 2 months reached 3.14 trillion VND, equal to 81% of the plan for the first 2 months (3.86 trillion VND), up 58.6% over the same period in 2023 (1.98 trillion VND). The Group's consolidated pre-tax profit is estimated at over 7.7 trillion VND, exceeding 48% of the plan.

We believe that, with the existing tradition of oil and gas workers and the lessons learned in the past, especially Petrovietnam always receiving the attention, encouragement, and timely direction to remove difficulties from the Government, the Prime Minister, the Central Committees, Ministries, and branches, Petrovietnam will certainly overcome all difficulties and challenges in 2024 to excellently complete the tasks assigned by the Party, the Government, and the Prime Minister.

09:05 March 3, 2024

Mr. Dang Hoang An, Chairman of Vietnam Electricity Group (EVN): No power shortage in any situation - Photo: VGP/Nhat Bac

Mr. Dang Hoang An, Chairman of Vietnam Electricity Group (EVN):

The Group expressed its high agreement with the report of the Ministry of Planning and Investment; the report mentioned both the achievements and failures of the corporations and state-owned enterprises, including EVN.

2023 is a year with many unpredictable global issues for the energy industry, and EVN is no exception.

The electricity industry has the largest power system in Southeast Asia.

After 69 years of development, Vietnam's electricity industry has the largest power system in Southeast Asia. Our electricity output has also increased for many consecutive years, from 2010 to 2019, our electricity growth rate was 10.35%.

In 2023 alone, it increased by 4.56%, the country's electricity output was 280.6 billion kWh. EVN's investment volume reached VND 90,997 billion, disbursed VND 87,545 billion, the highest among State-owned corporations and groups, started 146 projects, completed energizing 163 projects with voltage of 110-600kV. The electricity loss index, electricity access index, and reliability of electricity supply to customers are in the TOP 4 of ASEAN.

Digital transformation and automation have had many positive results: 100% of electricity services are provided online at level 4, 96.3% of customers pay cashlessly, 97% (967/996) of 110-220kV transformer stations are fully automated, operating without personnel (110kV alone is 100%).

EVN provides electricity to 11/12 island districts, including Truong Sa island district. 99.74% of households nationwide, 99.6% of rural households have used it. 94.5% of communes (7745/8197 communes) meet criterion number 4 in the National Target Program for New Rural Areas. The Group and its units pay 21 trillion VND to the state budget.

However, EVN's performance in 2023 also encountered many difficulties, including a power shortage in May and early June, which lasted only 2-3 days in the North but greatly affected the lives, production and business of people and businesses. This is a profound lesson that EVN is continuing to analyze, dissect, and take remedial measures to better perform its tasks in the coming time.

Leaders of ministries and branches attend the Conference - Photo: VGP/Nhat Bac

No power shortage in any situation

In 2024, EVN is determined to use all efforts and solutions to carry out key political tasks, especially:

Ensuring enough electricity for production, business and people's daily life, to meet the GDP growth target of 6-6.5%, not to let there be power shortage in any situation as directed by the Prime Minister. EVN has prepared a scenario of high electricity demand growth (9.18% or higher), the total electricity output of the system can reach 306.4 billion kWh (an increase of 26 billion kWh compared to 2023).

Accelerate and accelerate investment projects in power source and grid construction with an investment volume of VND 102 trillion (an increase of VND 11 trillion compared to 2023). In particular, focus on key projects such as the Yaly hydropower expansion project - 360MW (operational in June 2024), Hoa Binh MR - 480 MW (June 2025), Quang Trach 1 (1,403 MW), prepare for investment in the Quang Trach 2 LNG thermal power project, start the Tri An expansion project and Bac Ai pumped storage hydropower plant, especially focus on implementing the 500kV line 3 projects from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) with a length of 519 km, with a total investment of VND 23 trillion to energize before June 30, 2024 as directed by the Prime Minister.

In addition, EVN also strives to balance finances; ensure employment and living conditions for workers; implement drastic and effective measures to improve labor productivity; make operations transparent, fight corruption and negativity, increase responsibility to the community and society, and better serve customers. The Group is focusing on amending working practices, amending and replacing internal management regulations and rules in the direction of increasing decentralization, delegation of authority, and delegation of authority associated with responsibility; strengthening ideological and ethical education for cadres, party members, and workers; exemplary responsibility and daring to take responsibility of leaders at all levels.

09:16 March 3, 2024

Mr. Pham Van Thanh, Chairman of Vietnam National Petroleum Group (Petrolimex) - Photo: VGP/Nhat Bac

Maintain the "lifeblood" of gasoline

Mr. Pham Van Thanh, Chairman of Vietnam National Petroleum Group (Petrolimex):

In 2023, in the context of unpredictable developments in the world economy, large fluctuations in oil prices, and scarce supply, Petrolimex has closely followed the Prime Minister's direction, promptly developed appropriate scenarios according to developments in gasoline prices, ensuring gasoline supply for the distribution system, thereby contributing to ensuring national energy security, and comprehensively completing the set plans and targets.

In December 2023, the Prime Minister issued Official Dispatch 1437/CD-TTg directing the Vietnam Oil and Gas Group, Petrolimex, the Ministry of Industry and Trade, the Ministry of Finance as well as provinces and cities across the country to ensure supply in all situations, thereby Petrolimex has deployed to 63 provinces and cities nationwide, especially before, during and after the Lunar New Year.

On behalf of the leaders of Petrolimex Group, I would like to thank the Government, the Prime Minister, the Deputy Prime Ministers, the Ministry of Industry and Trade, the Ministry of Finance, the State Capital Management Committee at Enterprises, and relevant ministries and branches for their attention, close and drastic direction in the field of petroleum business so that the petroleum market becomes increasingly open and transparent, and state management becomes increasingly effective.

2024 is forecasted to continue to face many difficulties. In order for the Vietnamese petroleum market to continue to develop healthily, openly, transparently and more effectively, from the perspective of the largest state-owned enterprise in the downstream petroleum business sector, the Vietnam National Petroleum Group would like to make a number of proposals and recommendations to the Government and the Prime Minister as follows:

Firstly, it is recommended that the Government and the Prime Minister direct the development and promulgation of a new Decree on petroleum trading to replace Decrees No. 83, 95, and 80 of the Government in the direction of improving the quality of petroleum trading hubs, by raising the conditions for becoming a distributor at warehouses and ports. In addition to taking advantage of social capacity, enterprises must have certain proactive capabilities in terms of materials, technology, finance, etc.

Second, continue to improve the effectiveness of state management in petroleum business activities, resolutely apply electronic invoices after each sale according to Decree 123 of the Government in petroleum retail activities; continue to promote the digital transformation program in petroleum business; directly connect data from petroleum depots and petroleum pumps to customs and tax agencies; clearly identify the state agency responsible for managing and operating petroleum business activities.

Third, regarding national petroleum reserves, Petrolimex continues to recommend that the Prime Minister direct relevant ministries and branches to promptly adjust the cost of preserving national reserves in accordance with reality, because the current national reserve fee was issued in 2003, and has not changed for 21 years.

Fourth, recommend the Government and the Prime Minister to have mechanisms and policies to encourage petroleum businesses to shift towards green and clean energy. Specifically, evaluate the implementation of Decision No. 49/QD-TTg dated September 1, 2011 of the Prime Minister on the roadmap for applying emission standards for automobiles and two-wheeled motorbikes; promptly develop and promulgate mechanisms and policies to encourage businesses to develop rooftop solar power, self-production and self-consumption; promulgate standards and regulations in line with fire prevention and fighting approval procedures nationwide for rooftop solar power installation projects on petroleum warehouses and ports; have preferential policies to encourage and support resources for petroleum businesses; research and implement green transition projects, ammonia gas, green hydrogen, etc.

Entering 2024 with a sense of responsibility and determination of nearly 70 years of construction and development, Petrolimex is determined to strive to excellently complete production and business tasks, ensure safe production and business, play a leading role in stabilizing gasoline prices, contributing to ensuring national energy security.

09:35 March 3, 2024

Mr. Lai Xuan Thanh - Chairman of the Board of Directors of Vietnam Airports Corporation (ACV) - Photo: VGP/Nhat Bac

Finishing early the Tan Son Nhat and Long Thanh projects

Mr. Lai Xuan Thanh - Chairman of the Board of Directors of Vietnam Airports Corporation (ACV)

In 2023, ACV successfully implemented its production and business plan, achieving a growth rate of 15%. In particular, international passenger volume increased by 173%. The Corporation's revenue and profit targets all exceeded the plan.

Regarding basic construction investment, the Corporation has successfully put into operation ahead of schedule key projects of Phu Bai Terminal T2, and expanded and upgraded Dien Bien Airport. At the same time, with the drastic direction and direct resolution of difficulties from the Prime Minister, Deputy Prime Ministers and relevant ministries and branches, ACV has simultaneously started construction of important items of two key national projects in the transport sector: the expansion of Tan Son Nhat Airport and the construction of Long Thanh Airport.

Entering 2024, the aviation market is still forecast to face many difficulties and challenges, but we are determined to achieve the set goals. In just the first 2 months of the year serving the recent Tet holiday, the number of international visitors continued to increase by 44%. Thus, the international visitor market has increased again to the same period of Tet 2020.

In the past 2 months, revenue and profit have both increased and exceeded the plan. The markets of Australia, the US, North Asia, and Southeast Asia have all seen growth. In particular, international airports have seen huge growth, for example, Phu Quoc increased by 282%, Cam Ranh by 184%, Phu Bai by 100%, Noi Bai and Da Nang by 35-45%.

In addition, the quality of Tet service has been improved, night flights have been increased, and new technologies have been introduced into the flight operating system at airports. In particular, strictly implementing the Prime Minister's telegram on piloting non-stop automatic toll collection, we have successfully organized a bidding process to select a service provider.

Regarding capital construction investment, we continue to ensure the progress and quality of key projects. The Corporation has been approved by the State Capital Management Committee at Enterprises for three important projects: development strategy, restructuring, and medium-term capital construction investment. Currently, we are simultaneously implementing projects with a total investment of VND 138,000 billion out of a total of VND 165,000 billion for the entire 2021-2025 period, ensuring the implementation of the medium-term plan.

In addition to key projects, there are also projects that the Prime Minister has just directed, and the Chairman of the State Capital Management Committee at enterprises has approved, included in the medium-term plan, for example Dong Hoi, Tuy Hoa... Thus, by 2025, 2026, the total capacity will be more than 150 million passengers/year, so the total assets of the Corporation will also reach about 115,000 billion VND, compared to 45,000 billion VND in 2016 when equitization was carried out.

Regarding projects, we are determined to follow the Government's instructions. The Tan Son Nhat key project will be completed 2 months ahead of schedule to celebrate the Southern Liberation Day (April 30), or the Long Thanh Airport project, the Corporation will also strive to complete at least 2 months ahead of schedule.

To soon achieve the set goals, ACV proposed to soon approve capital increase using the Corporation's retained profits, moving towards increasing capital using airport areas to reduce the burden of the state budget on investment in upgrading and repairing airport areas, reducing the initiative for port enterprises in investment and development.

ACV proposed to adopt a common mechanism for site clearance and accelerate detailed planning of airports. At the same time, the socialization project should be approved and implemented soon. The Ministry of Transport should submit and report to mobilize the private sector to join ACV in investing and developing airport infrastructure.

With the position and role of a leading enterprise in investing, developing, exploiting and managing the airport system, we are committed to successfully carrying out assigned political tasks, in order to contribute to the overall economic development of the country.

09:45 March 3, 2024

Mr. Pham Duc An, Chairman of Agribank Board of Members - Photo: VGP/Nhat Bac

Continue to reduce lending rates

Mr. Pham Duc An, Chairman of the Board of Members of Vietnam Bank for Agriculture and Rural Development (Agribank):

As a 100% state-owned commercial bank with the mission of serving agriculture, Agribank, together with state-owned commercial banks such as BIDV, Vietcombank, and Vietinbank, is always proactive, pioneering, exemplary, and promptly implementing solutions to support people and businesses in overcoming capital difficulties and restoring production and business in accordance with the direction of the Government, the Prime Minister, and the State Bank.

By the end of 2023, Agribank's total assets will be over VND 2 million billion, capital mobilization will reach VND 1 million 885 trillion and outstanding loans will be VND 1 million 550 trillion, of which outstanding loans for agriculture, rural areas and farmers will reach nearly 65%. Agribank is also a highly socially responsible enterprise. In 2023, it will allocate VND 500 billion for social security, focusing on building houses for policy beneficiaries, supporting school construction, investing in healthcare, and on the occasion of the Lunar New Year, Agribank will allocate VND 100 billion to give to the poor to celebrate Tet.

Entering 2024, the international situation is still gray, complicated, unpredictable, leading to many consequences; many major economies are still facing many difficulties in growth as well as inflation control, even showing signs of recession such as the UK and Japan. This is negatively affecting the production and business activities of domestic enterprises. Specifically, although deposit interest rates have decreased significantly, deposits continue to flow into the banking system, capital demand has decreased due to the demand for production and consumption of goods has not improved, so capital is becoming redundant at many commercial banks, increasing interest costs of commercial banks. For example, at Agribank, currently mobilizing 100 VND in deposits, only more than 80 VND can be lent out, although from the beginning of 2024, Agribank has proactively adjusted lending interest rates down, implementing credit programs of more than 120,000 billion VND with lending interest rates 2.5-3% lower than normal interest rates to encourage and support customers. Agribank's income in the first 2 months of 2024 decreased by nearly 1,200 billion VND compared to the same period in 2023.

In the coming time, Agribank will proactively continue to balance to strive to continue reducing lending interest rates, restructuring debts to support customers, especially businesses; improve and simplify lending procedures and processes to improve access to bank credit capital. At the same time, proactively and flexibly deploy many solutions to promote effective credit growth associated with controlling and improving credit quality, directing credit capital flows to production and business sectors, priority sectors, and businesses serving the growth drivers of the economy.

Proposal to shift from behavior management to goal management

About recommendations and proposals:

Firstly, the problems and shortcomings in mechanisms and policies, and barriers related to responsibility and public ethics need to continue to be clarified and specific solutions must be found so that businesses can confidently and boldly make breakthroughs in development.

Second, in the current conditions, fiscal policies, especially public investment and business support, are the key to stimulating production and consumption, thereby increasing capital demand and commercial bank capital becoming more effective. The government needs to implement solutions to encourage and support businesses to make green transformations to meet international trends and standards.

Third, if state-owned enterprises dare to think and act, the mechanism for managing capital invested in state-owned enterprises as well as their operations needs to be reformed soon, including increasing the autonomy of state-owned enterprises in the spirit of shifting behavior management to target management, strengthening monitoring, detection, warning and handling of violations early to prevent and minimize damage. Regarding the targets assigned to state-owned enterprises, it is necessary to specify them for each type and each specific enterprise, especially the ability to master technology, produce import-substituting goods with high added value, avoiding simply assigning business growth and profit targets. The mechanism for appointing and dismissing officials in state-owned enterprises also needs to be thoroughly reformed.

09:53 March 3, 2024

Mr. Phan Duc Tu - Chairman of BIDV Board of Directors - Photo: VGP/Nhat Bac

State-owned enterprises must be large enough.

Mr. Phan Duc Tu - Chairman of the Board of Directors of Bank for Investment and Development of Vietnam (BIDV):

To fulfill its leading and key role, state-owned enterprises must: be large enough in scale in that industry or field; have outstanding modern technology in the industry and have advanced management methods, open and transparent information.

Currently, BIDV is achieving those 3 requirements.

Currently, state-owned commercial banks account for over 50% of capital sources, and are the leading banks in technology. The management of state-owned commercial banks is also equivalent to that of foreign banks in Vietnam.

In 2023, the economy was very difficult. With the direction of the Government and the State Bank, we have completed the set targets: Total assets reached 2.26 million billion VND; continued to maintain our position as the joint stock commercial bank with the largest total assets in Vietnam; capital mobilization reached 1.89 million billion VND, a growth of 16.5%. We have implemented the national monetary policy well and actively participated in social security programs.

Regarding recommendations, I have two main recommendations:

- The Government, ministries and branches promptly issue regulations to implement the amended Law on Credit Institutions, effective from July 1, 2024.

- The Government directs ministries and branches to continue to improve technological infrastructure (improving institutions and basic technological infrastructure) to create conditions for state-owned enterprises, including commercial banks, to develop modern products and services with high technology content to supply the market and internal management.

09:59 March 3, 2024

Ms. Bui Thi Thanh Tam, Chairwoman of the Northern Food Corporation: Private companies are now also purchasing rice - Photo: VGP/Nhat Bac

Rice farmers are completely profitable.

Ms. Bui Thi Thanh Tam, Chairwoman of the Northern Food Corporation: As assessed by the Prime Minister at the meeting with the Capital Management Committee and corporations and general companies last January, the agricultural sector continues to affirm its key role in the economy, in which the rice industry is a bright spot, this has been quantified by the export figure of 8.1 million tons, reaching 4.67 billion USD, the average price reaching 575 USD/1 ton, ensuring national food security.

At the time of great fluctuations in rice prices in August 2023, some countries had policies to ban rice exports, creating increasing pressure on rice supply. Meanwhile, the Prime Minister promptly issued Directive No. 24/CT-TTg on August 5, 2023, assigning ministries, branches and enterprises to carry out 3 tasks: first is to ensure national food security, second is to continue to take advantage of high prices to increase production and export. In the end, we have achieved the greatest results in history, both consuming rice for farmers, ensuring domestic consumption, exporting effectively and fulfilling international responsibilities. At the same time, with the immediate plan, the Prime Minister invited leaders of major rice importing countries and specifically invited the Presidents of Indonesia and the Philippines to visit, thereby, the two sides signed rice trade agreements for the next 5 years, ensuring supply for you and also ensuring the output market for us in the long term.

Entering 2024, according to information from the Ministry of Agriculture and Rural Development, rice output is expected to still reach 43 million tons and after being reserved for domestic consumption and ensuring food security, the amount for export is targeted at 7.5 - 8 million tons of rice. Currently, it is March 2024, in the main winter-spring crop, this is the largest crop of the year with a harvest of about 6 million tons of rice, of which 3 million tons are for export.

Recently, there was information that rice prices decreased by about 30% and businesses and importers were slow to buy to wait for prices to decrease. Regarding this issue, the report to the conference was that due to the continuous high price of rice in the third and fourth quarters of 2023 after India's export ban, it has decreased since mid-January 2024, from over 9,000 VND/kg to 7,300 to 7,800 VND/kg. Although the price has decreased, it is still higher than that of the 2023 Winter-Spring crop and especially higher than the prices of previous crops.

Reporting to the conference, it must be affirmed that at the current rice price, people still have a profit of about 60% according to the production cost announced by the Finance Association, which is about 4,000 VND/kg and is decreasing on the basis of a sudden high price.

Reported to the conference that in 2023 the price increased dramatically and now the price is decreasing but decreasing on the basis of the previous high price.

Previously, the Government set a target of ensuring that people earn 30% profit. Looking back at Vietnam's export history, we have now entered the 35th year of Vietnam's participation in rice exports. Almost every year, during the winter-spring crop, rice meetings become a hot topic. The Government is very concerned about farmers. There were times, about 7-10 years ago, when the rice price was below the cost price, the Government would implement temporary purchase and let businesses buy to increase the price of farmers' rice.

By doing this, the Government has to compensate for bank interest support and does not guarantee the market rules. However, up to now, not only have we had a good harvest but we have also had good prices. This is a great success and this is also a process of restructuring the agricultural sector and close direction of the Government.

The reason for the recent drop in rice prices is that it is now the main harvest season, all fields are harvested, and all provinces are harvesting at the same time.

The reason is that last year, when the price was good, the provinces sowed seeds at the same time and the farmers were very excited, so they implemented it together. Now, all regions are harvesting at the same time, causing congestion from the fields, from the factories, and even from the inland ports. Furthermore, to purchase 6 million tons of rice, we have to prepare bank credit and logistics, so it will be congested and slower.

Moreover, Thailand, Philippines, and Indonesia are also harvesting in March-May. In addition, some African countries currently have a lot of rice in stock. The Philippines currently has a high price of rice, so they have to consume it domestically first, then continue to import.

Recently, the General Food Corporation has offered to some importers but they said "will study further and can discuss later". The current world market price is being adjusted. We only account for 15-18% of the total rice export volume of the world.

Last January, Vietnam participated in a bidding in Indonesia with a very large quantity, the total invited quantity was 500,000 tons, but Vietnamese exporters won nearly 400,000 tons at a high price.

With the current price, we report to the Prime Minister so that he can rest assured that farmers are making a complete profit and are very excited, and certainly with this price, farmers will continue to increase production.

In the coming time, the Government and ministries, departments and branches have forecasted that 2024 will be a year of continued high demand for rice and current importers continue to have plans to implement.

Prime Minister talks with leaders of Northern Food Corporation - Photo: VGP/Nhat Bac

Continuously buy rice

As for the consumption, at present, the Northern and Southern Food Corporation has implemented the direction of the Prime Minister and the Chairman of the Capital Management Committee, continued to buy and from the New Year to the present, about half a million tons of rice and bought continuously day and night and no time to rest, and affirmed in the coming time to continue buying.

Also more information is that the warehouses of private companies are also buying rice.

This morning, the Corporation received a new directive from the Prime Minister issued yesterday (2/3). In this Directive, the Prime Minister directed the ministries, departments, branches and Vietnam Food Association, provinces and especially two state food corporations, in the new situation, it must deploy the strengthening of production, to ensure domestic food security and at the same time ensure export. If we implement this directive, we not only worry about the short -term step, but we also ensure the long -term goals.

The Corporation would like to have some proposals as follows:

Firstly, with the General Department of State Reserve, usually every March, the General Department will organize the opening of the bid with about 200-250 thousand tons of rice. This number is enough to contribute to stimulus. If the conditions allow, it is required that the General Department of State Reserve and the Ministry of Finance will conduct an early purchasing program because businesses need contracts to implement and especially ensure quality in the warehouse.

Secondly, the State Bank and the commercial banking system are interested in rice and processing enterprises. This year, the situation has many difficulties, so the banks are requested to continue to pay attention, reduce interest rates, and loosen the lending conditions.

Finally, for the project of sustainable development of 1 million hectares specializing in high quality rice cultivation, this is a project with great significance for domestic and foreign, asking the Government to assign ministries, branches and provinces to implement the Project, and summarize the previous large field field program. When organizing the conference, the ministries and branches invite the business community to participate.

10:11 on 03/03/2024

Mr. Quang Van Viet Cuong, Deputy General Director of Becamex Binh Duong Corporation - Photo VGP/Nhat Bac

Great spiritual encouragement ...

Mr. Quang Van Viet Cuong, Deputy General Director of Becamex Binh Duong Corporation:

By this time, Becamex is a state -owned enterprise operating under the shares and listed on Ho Chi Minh City Stock Exchange nearly 5 years after equitization.

Becamex has an ecosystem that is in industry and multi -field. We are also flexible to apply and adapt in the new conditions under the direction of the Government and the Prime Minister and the ministries, departments and branches.

We have 3 ecosystems.

The first is about the development of industrial parks. Currently, Becamex and BIDV have developed development in more than 10 provinces such as Nghe An, Quang Ngai, Hai Duong, Bac Ninh, Hai Phong ... relatively successful. In September, the Prime Minister of Vietnam and the Prime Minister of Singapore witnessed Becamex and VSIP develop more in some provinces such as Can Tho, Thai Binh, Lang Son, Ha Tinh ... and continue to research and develop in some other provinces under the direction of the Prime Minister.

This is a spiritual encouragement for Becamex and Binh Duong province. We find that, as a state -owned enterprise, this is the development responsibility not only for Binh Duong and other provinces, but also for the community.

Currently, for the development of new industrial parks, we are also following the green and circulating development model.

For Becamex and the leader of Binh Duong province, we take the initiative in areas such as digital conversion.

In addition, Becamex always proactively proposed to the People's Committee of Binh Duong province about the difficulties to be removed. Through recent online meetings, we found that the Prime Minister was also very interested and directed to remove as issues related to adjusting the ratio of state capital.

We believe that the issues of the Prime Minister and leaders of ministries and branches are interested in, will surely be removed.

With the goal from now until 2025, a vision to 2030, Becamex will strive after 2025 as a capitalized enterprise on the stock market of 5 billion USD or more. We think that this is the goal, although there are many challenges, it is still feasible if the solutions we offer, the government and the ministries and branches are interested in.

As for the development of industrial parks, up to now, we have basically completed research in some provinces such as Tay Ninh ..., and will soon report to ministries and branches.

10:33 March 3, 2024

Mr. Duong Anh Duc - Vice Chairman of Ho Chi Minh City People's Committee: Create conditions for state -owned enterprises to promote potentials, effectively exploit the maximum assets - VGP/Nhat Bac photo

Should evaluate on the final result instead of on each incident

Mr. Duong Anh Duc - Vice Chairman of Ho Chi Minh City People's Committee: For Ho Chi Minh City, creating conditions and support for businesses and developed State is a focus in directing and operating.

Regarding creating conditions for state -owned enterprises to promote the potential, maximize the maximum exploitation of the assigned assets, we expect the Government to pay attention and adjust the policies and regulations early. The assessments should be based on the final results, instead of evaluating on each case, the process, thus making businesses more bold, more active, can invest more efficiently and better business.

There should be clear regulations for joint venture enterprises and foreign investment projects. Recently, Ho Chi Minh City had some difficulties. For example, in case of joint venture enterprises, after the expiry of the business term, all assets must be transferred to the Vietnamese side. However, due to the current regulation problems, the handover of assets to Vietnam is slow. If we solve the problems, we can take over immediately, maximize the maximum operations and the assigned assets. For example, Loc Phuc Hotel of Ho Chi Minh City is one of the first joint ventures of Vietnam, the business is very profitable, contributing a lot to the city's economy, but after the business period, for more than 3 years, it is still empty, not continuing to deploy and cause waste. Previously, Loc Phuc was one of the hotels that always had a high percentage of guests.

Currently, some state -owned enterprises in Ho Chi Minh City have some difficulties in development. Although this business previously operated very effectively.

Ho Chi Minh City hoped that in 2024, the Government would continue to remove difficulties and obstacles for state -owned enterprises in Ho Chi Minh City to be promoted more effectively.

So far, for Ho Chi Minh City, the investment and development of businesses has always been a top concern. The biggest desire of the Ho Chi Minh City leader is that the city has the initiative to be able to direct state -owned enterprises in the city, to continue contributing more to economic development.

10:40 on 03/03/2024

Minister of Industry and Trade Nguyen Hong Dien

Minister of Industry and Trade Nguyen Hong Dien: From the perspective of Industry and Trade, we would like to recommend businesses to achieve the goals and tasks set by the Government.

"1 house capital 4 people capital"

First, it is recommended that businesses focus on restructuring the organization of the personnel apparatus in the direction of streamlined as some group leaders mentioned.

Promote digital transformation, green conversion, satisfactory investment in research and development, and at the same time have strategies and plans to mobilize social resources, including domestic and foreign resources according to the formula "1 Housing capital of 4 people" to have conditions for development.

The second is to proactively review and remove obstacles, boldly propose strong enough mechanisms and policies to clear the bottlenecks such as issues in new energy development, mineral processing, semiconductor production and some new raw materials to replace fossil raw materials.

The third is to closely follow the national master plan, regional planning, provincial planning, especially national industry plans to make new investment projects.

Fourthly, actively mobilizing domestic resources combining resources from strategic partners, sticking to the government's foreign policy orientations, attracting resources from partners with great strengths in capital, technology and management at the world level.

The fifth is to propose corporations and state -owned enterprises to focus on implementing large projects in the field of mineral exploitation, processing, foundation of new energy, developing power storage systems, intelligent grids and developing hydrogen, ammonia green.

Create new motivation and room for corporations and corporations to develop

In order to promote the role of state -owned enterprises, on this conference, we would like to propose to the Central Government and the Government: Firstly, soon consider and approve the regional planning and the planning of the remaining localities, as well as approve the plan to implement the national industry planning, especially in the fields and minerals, as well as the national strategies, create legal bases for these ministries and localities to create these ministries and sectors. new force and room for corporations, corporations and localities developed.

Secondly, it is recommended that the Government promulgate appropriate policies and mechanisms to remove difficulties for businesses, for a number of fields such as gas, offshore wind power, attic solar power, mineral processing, chip production and semiconductors, production, hydrogen and ammonia.

Thirdly, it is recommended that the Government to improve the development institution of state -owned enterprises, state management mechanisms for state -owned enterprises, amend Decree 10 (2019) and regulations on decentralization, decentralization and empowerment to corporations and corporations.

There is a mechanism to order and deliver corporations and corporations with capacity, experience, implementation of key national programs and projects, investment projects in sensitive fields and areas such as oil and gas exploitation, offshore wind power ...

In short, it is necessary to renovate the state -owned enterprise management mechanism according to the current system of solutions. Increasing many autonomy for businesses, and at the same time, it is necessary to have a strategy to build and nurture the development of national brands, motivation and tractors for domestic businesses, especially small and medium -sized enterprises.

Fourthly, perfect policies for businesses in cooperating with foreign partners.

Finally, urge ministries, branches and localities to create favorable conditions, ensure resources, raw materials and site clearance for state enterprises to effectively implement investment projects.

It is impossible to develop an emotional or massive solar power.

In the speech of some corporations mentioning some contents related to the industry's responsibilities, I would like to exchange quickly as follows:

Regarding the petroleum corporation to request the Government to renovate the mechanism of management of petroleum funds, implement the direction of the Prime Minister, the Ministry is developing a new decree to replace Decree 83, 95 and most recently, Decree 80 on petrol and oil business, in the direction of giving petrol and oil management or in other words, the market is more in the process of managing this item business, of course, it has the role of the state as the state is not as stable as the current fund is not as stable as the fund is not as stable in the country.

The second is the national petroleum storage and storage mechanism, the Ministry is presiding over and coordinating with the concerned ministries and branches to rebuild the norms of petroleum storage fees, developing mechanisms to invest in national petroleum storage infrastructure.

The third is the digital conversion mechanism, green conversion in petroleum production, up to now, the Ministry has cooperated with the Ministry of Information and Communications to build software being implemented to apply to the focal units and distribution traders. Currently, over 50% of retail stores have applied electronic invoices.

Regarding the mechanism of attic solar power development, the national power source of the country by 2030 has been clearly defined, in which the power source structure is clearly allocated. If now we develop strong solar power when we cannot regulate, do not have enough background power to ensure a stable mobilization of the electrical system, this is a challenge, and it can be said that the countries in the world, even developed countries, cannot develop an empty or massive roofing of attic.

If the roof voltage does not have a net, does not depend on the national electricity system, does not use the national power source, it is normal, but if both using the national power source, while exploiting and developing roof voltage, it is a small challenge for each country's electrical security.

The Northern Food Corporation has stated that the export of rice is difficult due to the price, some countries do not welcome Vietnamese rice, some traders quit when buying goods of people, this is a real phenomenon, but after all, it is still because of us.

By this time, we and we and the Minister of Agriculture and Rural Development Le Minh Hoan chaired the conference in the South that clearly said this.

The Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development will continue to discuss and advise the Prime Minister to solve this problem in the near future. But the important thing now is that the Vietnam Rice Association, the state corporations in this field must be the train in the price control of the price, as well as control the quality of input, so that we can get our customers and new business in the future.

Regarding the proposal for the Government to buy rice reserves in the main harvest to help farmers have a high price, help the business stable, this is the right experience and we would like to absorb.

10:44 on 03/03/2024

Mr. Nguyen Nang Toan, Chairman of Saigon Tan Cang Corporation: Port and Logistics Service is the biggest benefit from us to promote the opening - VGP/Nhat Bac Photo

Continue to hold the No. 1 position in Vietnam in terms of port share of port exploitation

Mr. Nguyen Nang Toan, Chairman of Saigon Tan Cang Corporation:

Saigon Tan Cang is a 100% state -owned national defense enterprise, currently trading on 3 main business pillars, namely: Exploiting port - logistics service - transportation and variable economic sectors. In particular, the port exploitation is the main industry, currently managing and exploiting the system of 28 seaports, shallow ports, warehouses and yards in 17 provinces and cities nationwide, including the 3 largest seaports of Vietnam (Cat Lai port in Ho Chi Minh City and the two largest deep -water ports in Lach Huyen in Hai Phong and Cai Mep in Ba Ria - Vung Tau).

On behalf of Saigon Tan Cang Corporation, I would like to thank the Government Standing Government, the Government Office for organizing today's Conference, this is a very valuable opportunity for state -owned enterprises to generally exploit seaports and logistics such as Saigon Tan Cang Corporation with suggestions and recommendations to the Government and departments, ministries and sectors from the new year of the new year, contributing to the resolution of the Government, and contributing to the Government, it has contributed to the Government. news, excitement, smooth implementation and effectiveness of production and business tasks and development investment of the whole year.

In 2023, Vietnam's seaport exploitation industry and logistics service were influenced by negative impacts from natural disasters, epidemics, geopolitical conflicts and inflation rising worldwide. In Vietnam, the total import -export turnover of the whole country decreased by 6% compared to 2022, corresponding to a decrease of 2.8% for import and export container production through seaport systems nationwide.

In this context, the port business enterprises in the country have made efforts to improve the productivity of unloading and modernizing procedures procedures in the direction of digital, intelligence, promoting cooperation, creating maximum favorable conditions for customers and shipping lines. As a result, the prestige and brand of Vietnamese seaports has also been improved, raised, and competitiveness has been raised.

Particularly, for Saigon Tan Cang Corporation, he successfully completed the 2023 plan with the production and business targets growing compared to 2022, profits continued to increase over 2 numbers (+12.5%), Tan Cang continued to hold the No. 1 position in Vietnam with 56.8% of the country's market share, ranked 16th among the 20 largest container clusters in the world, ensuring good jobs and income for workers.

In 2023, the Corporation organized the opening of Tan port of Que Vo (Bac Ninh) with a large and modern river connection with the Northern region; Starting the project of Tan port Moc Bai (Tay Ninh), the first shallow port of Saigon New Port associated with the Cambodian border border gate. In the coming time, the Corporation continues to study investment in the inland port project in the Mekong Delta and Binh Duong provinces.

These are the most specific evidences for the efforts of Saigon New Port in system development, development of inland ports to connect with deep -water transit ports, help reduce logistics costs, support local economic development, and create a premise for green logistics development, green economy, circulating economy, sustainable, as guided and assigned by the Prime Minister in the first two sessions in the first session of 2023, 2024, 2024

Entering 2024, although the world and Vietnamese economy was forecasted to recover weakly and continue to face many great challenges. The competition for port exploitation and logistics services is increasingly fierce.

But we think that the seaport and logistics service industry will be one of the most beneficial industries from us to promote the opening of the world economic integration, actively involved in the new generation FTAs.

Tan Cang confidently sets higher goals, higher aspirations for 2024

In order to contribute to achieving the country's GDP growth target in 2024, 6-6.5%, as one of the large state-owned enterprises, plays the role of paving the way in the field of port exploitation and logistics services of the whole country, the Corporation is confident to set higher goals, higher aspirations for 2024, to join hands, contribute to building, developing the Vietnamese seaport system in the world, the world is modern, the world's seaport system is in a modern manner Growth over 5% for basic economic indicators.

Tan Cang identified as a pioneer representing the whole country in digitizing seaports under the direction of the Government - Photo VGP/Nhat Bac

Tan Cang identified as a pioneer for the whole country in the digitization of the seaport under the direction of the Government, the Ministry of Transport and the Ministry of Defense, the project of Ben 7, 8 Lach Huyen in Hai Phong to be approved by the Corporation's investment policy, which is also expected to be a pioneer port to apply semi -automatic technology in exploitation and unloading ...

In order to successfully implement the production and business plan in 2024 and the following years, and promote production and business, we propose recommendations.

Firstly, soon amend the Law on Management and use of state capital to invest in production and business in enterprises, in which it is necessary to concretize the regulations on state capital, capital of state -owned enterprises, on evaluation of the efficiency of using state capital investing in enterprises and capital of state -owned enterprises investing in other enterprises, on the basis of the overall goals of the long -term goals of the enterprise, it does not dare to change each project, to change each project, to change the portfolio, to change the portfolio, to change the portfolio, to change the portfolio. new creativity of state business managers; At the same time, adjust the regulations on profit distribution of state -owned enterprises in the direction of allowing some state -owned enterprises to sell effectively for many years, there are large and effective development investment projects that are proactive in retaining the after -tax profit after having deducted funds as prescribed to supplement the investment capital for development investment in projects, ensuring competitiveness and international integration.

The Prime Minister discussed with the leader of Saigon New Port - Photo VGP/Nhat Bac

Secondly, the Government continues to pay attention and creating conditions for Saigon New Port Corporation to be received, invested and exploited deep -water ports with strategic and important positions in defense, security and economic focus in order to continue promoting the role of leading the roads of large -scale state -owned enterprises, improving the competitiveness of Vietnamese enterprises, contributing to ensuring the economic development of national defense and security in the national defense and security areas.

Thirdly, the Ministry of Finance considers medium and long -term capital for the Corporation to develop key projects that both create a sustainable competition and ensure the implementation of strategies, production and business plans, 5 -year development investment plans of the period of 2021 - 2025 which has been approved by competent authorities, namely approval and facilitating the Corporation to increase charter capital from VND 10,935 billion.

Saigon Tan Cang Corporation believes that, with the fierce direction of the Government, the Prime Minister and the urgency of the Committees, ministries, central branches and localities, along with the efforts of businesses from the beginning of the year, expect that in 2024, it will be a year of promising economic development of the nation and the nation.

10:48 on 03/03/2024

Finance Minister Ho Duc Phoc: In recent years, SOEs are more sustainable in the fields of business, tax debt is also less - VGP/Nhat Bac photo

Market's left -side regulating tool

Finance Minister Ho Duc Phoc: I highly appreciate the role of SOEs because not only contributes to the development of the country but also comrades who have solved jobs for many workers, contributing a lot to the state budget.

But the very important problem is that when the country is in trouble, it is comrades who are the pioneering soldiers to regulate the inadequacies and the negative sides of the market.

For example, if there is no state commercial banks in the currency, the monetary policy is very difficult; Without corporations such as Petrolimex, recently, responding to the crisis of energy, petrol and oil very hard ... In particular, the comrades have made a lot of contributions to society from the construction of infrastructure to taking care of the lives of people in difficult circumstances.

In the 2023 Financial Budget Report, we have 676 SOEs, including 19 corporations and TCT. In 2023, the comrades paid 261 trillion dong of tax, accounting for 17% of domestic taxes.

Particularly in the first 2 months of the year, 36,894 billion dong was paid. In recent years, SOEs are more sustainable in the fields of business, tax debt is also less, currently tax debt of SOEs is 17,032 billion dong, while other enterprises in the field are about 150 trillion dong.

We want to exchange some content:

Comrades have a lot of opinions on the Law on replacing Law No. 69/2014/QH13 on the management and use of state capital investing in production and business in enterprises. We are very concerned and consulted with many rounds but there are not comrades who do not care about institutional issues and rectification, later when implemented, they will encounter problems. Therefore, we want to hear the opinions of comrades for SOEs to be proactive and effective.

We want to listen to comrades, especially in the issue of autonomy in production and business, we manage input or output? We are entitled to self -determination in the issue of paying salaries to attract talented people, solve scientific issues arising ....

Regarding profits left, we are also very worried about this. The increase in capital for which businesses, which businesses are decided by the Prime Minister, we cannot create a mechanism for widespread investment, do not know how effective.

However, it is also necessary to have policies for the autonomy comrades to pay salaries, why other businesses pay high salaries and their businesses cannot pay high salaries, why outside the technological innovation that they cannot innovate. I use the state budget capital to submit to this level and the requirements need to be renewed quickly, so we are important of the capital's effectiveness, not bundle of inputs.

In order for businesses to develop, it is important to market but we must prove that we have good and competitive products. As Americans say "important economy" means very important input, supplied head. People use clean electricity, we also have to use clean electricity, people use new technology we have to use new technology and good materials to create good products, competitive. The market is very important because it evaluates our products and evaluates our efforts.

Regarding the institution, we assign autonomy to businesses, including the bidding law that has just been enacted but encountered the entanglement, it is also amended in the Law No. 69.

We have to discuss the green economy, the circulation is like and the digital economy plays a role ... For each industry, we must discuss carefully, lack the mechanism to submit to the Government to decide the mechanism and surpass the government to submit it to the National Assembly for early decision, we can develop powerful and sustainable. The core of the economy is that businesses that enterprises have just played a supporting role but also a breakthrough of the economy.

12:36 on 03/03/2024

The Prime Minister stated that SOEs must be confident to go up, victory without arrogance, failure not to be discouraged, create new motivation, new atmosphere, new results, new victory - Photo VGP/Nhat Bac

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.

SOEs must be confident to go up, victory and not arrogant, not discouraged

The Prime Minister emphasized that we are on the right direction according to the Party's guidelines and policies, the State's policies and laws, with the system of theoretical systems and development paths to socialism so far have basically been completed, in accordance with Marxism - Leninism, Ho Chi Minh thought, historical tradition, culture, conditions, country circumstances and practical situation, requirements of each revolutionary period.

The Prime Minister asked SOEs to create creativity in the guidelines, guidelines, policies and laws of the State, based on the functions, tasks, powers, responsibilities, patriotism, national pride and persistence overcoming challenges. Analyzing the mission of SOEs, the Prime Minister stated that: The state economy plays a leading role, the mission of SOE is to promote the role of pioneering, leading, exemplary, worthy of the belief of the Party, the State and the people, is an important force, core, key position, promoting, leading the economic development, worthy of efforts and sacrifices of the previous generations, the results of the previous generations, the pride of the generations, the results of the generations, the results of the generations, the results of the generations, the results of the generations, the results of the generations, the results achieved over the years.

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 development of the country. Emphasizing the great and historical achievements of the country after nearly 40 years of renovation, rising strongly after war, siege and embargo, our country has never had such a foundation, potential, position and international prestige as today, the Prime Minister also affirmed the very basic achievements and results of SOEs with the spirit of pursuing, keeping up, progressing together and surpassing, with many specific examples of SOEs rising up in the face of difficulties.

In 2023, there were many difficulties, but the total revenue of SOEs reached about 1.65 million billion dong, 4% of the plan, profit before tax was about 125.8 trillion dong, exceeding 8% of the year plan, contributing to the state budget was about 166 trillion dong, exceeding 8% of the year plan,

State-owned enterprises continue to hold large resources in terms of capital, assets, technology, and high-quality human resources, contributing significantly to the state budget and creating jobs for workers. State-owned enterprises contribute about 28% of the state budget revenue, attracting about 0.7 million workers.

State-owned enterprises continue to do well in preserving and developing capital and assets, making efforts to apply modern technology and management, improving production and business efficiency. Some large enterprises, groups and corporations have advanced in new technology, pioneered in the application of science and technology, and innovated. The business activities of some large groups and enterprises have made much progress. State-owned enterprises contribute to training high-quality human resources.

With the viewpoint of always putting things and phenomena in the mobilization and development, the Prime Minister stated that the production and business activities of SOEs basically maintain stable but there are still a number of losses, some corporations and corporations have not reached the target of production and business plans, some corporations and corporations with negative profits, including large -scale enterprises and important roles.

Although SOEs, especially corporations and general companies, have made great efforts to implement new investment projects, they are still not commensurate with the resources assigned to them; investment efficiency is not as expected, overseas investment is facing difficulties, some projects with large investment capital are not successful, there are potential risks, some projects have accumulated large losses for many years, and restructuring methods are not effective.

Competitiveness, science and technology are limited, not meeting the requirements of the core force of the state economy, especially in the context of the 4th Industrial Revolution, the business of business administration innovation is still slow, not really directing the principles, international practices, production costs are still large, technology, business management tools are still slow to innovate.

The results of disbursement of public investment capital are limited, not up to the national average in the country in 2023. The proportion of investment in industries and fields is guided and motivated, especially new industries such as clean, renewable, high -tech, semiconductor chip, Hydrogen chip, no development investment projects on a large scale to create a motivation for breakthrough and spread.

Some enterprises have committed violations, corruption, and negativity, and must be dealt with. State-owned enterprises have not yet demonstrated a leading 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.

The Prime Minister emphasized the need to learn from experience, point out the cause of the points that have not been, strictly handle those who do wrong and violate but not so that falter - VGP/Nhat Bac photo

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.

"Do not let the business come to ask, come to call to do it"

In the coming time, the Prime Minister requested to continue to thoroughly grasp and effectively implement Directive No. 07/CT-TTg 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 operational efficiency and enhance the 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, circular economy, knowledge economy, sharing economy, and climate change response.

Prime Minister talks with businesses - Photo: VGP/Nhat Bac

Strengthening links with domestic enterprises of different economic sectors, creating domestic supply chains, reducing dependence on foreign countries.

Promote digital conversion and application of science and technology, encourage the formation of innovation centers in enterprises, create a breakthrough, improve productivity, quality, efficiency and competitiveness; Promote the effective implementation of restructuring schemes, development strategies, production, business and development plannings annually, and 5 years of development, review, supplement and adjust in accordance with the situation.

Review and evaluate the current status of enterprises and investment projects, increase investment to improve innovation capacity, innovate management models in a modern direction, in line with international practices; streamline the apparatus, continue to restructure member units, divest capital in weak, loss-making, ineffective units, maintain holdings, increase capital in production and business enterprises in line with the main industry.

Focus on building brands, correctly assessing and promoting the potential differences, outstanding opportunities, and competitive advantages of each SOE to move forward. Resolutely handle existing problems and weak projects based on considering overall benefits, not local benefits.

Emphasizing that the right strategy will help overcome challenges, the Prime Minister emphasized the need to restructure 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 closely following the market, respecting the laws of supply and demand, the laws of competition; improving competitiveness and resilience to economic shocks both domestically and abroad; ensuring growth, thereby contributing to overall growth, the state budget, and improving the lives of workers.

Doing well the disbursement of public investment capital; Promote the implementation of national key projects, clear resources on strategic SOEs, overcome investment in spreading, scattered and fragmented, ensuring the focus and focus, attracting social investment, mobilizing resources of society. The Prime Minister for example, the construction of a 500KV 300kV line of Quang Trach - Pho Noi must mobilize the strength of localities and businesses, create competition and anti -monopoly in building this power line.

The Prime Minister noted promoting the role of the State Capital Investment Corporation (SCIC); using capital for development investment.

"What I want most, the message I want to convey is that SOEs must play a pioneer, leading in innovation, science and technology, emerging branches; on the basis of that diversify markets, products, supply chains and associate with foreign corporations, private corporations to create value chains, do not do business individually in the context of current integration," the Prime Minister said. "

For ministries and prime ministries and prime Ministers on the basis of their functions, tasks and powers to be active, proactive and responsible in helping businesses, create conditions and opportunities for businesses to develop, "do not let businesses come to ask, come and do to do it", coordinate effectively with businesses to remove difficulties, overcome challenges, promote strong face, limit weakness, progress, accelerate and accelerate development, accelerate and accelerate to develop and accelerate.

The ministries and branches continue to perform the assigned tasks in the Government's Resolution No. 68/NQ -CP, dated 12/5/2022 of the Government on continuing to renovate, improve operational efficiency and mobilize resources of SOEs, focusing on economic groups and corporations in socio -economic development; Directive No. 12/CT-TTg dated May 6, 2023 of the Prime Minister on the tasks and solutions to renovate the operation of the State Capital Management Committee at the enterprise and improve the operational efficiency, promote the investment resources of 19 economic groups and the affiliated state corporations.

The Prime Minister assigned the Ministry of Planning and Investment to preside over and formulate a project on state management with SOEs, in the direction of separating the owner function and the state management function.

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

Inheriting the vision of President Ho Chi Minh "The state economy is a form of ownership of the entire people, it leads the national economy and the State must ensure that it develops priority", and at the same time developing SOEs to ensure competition according to the market mechanism; và với vai trò nòng cốt của các tập đoàn, tổng công ty nhà nước, sử dụng những nguồn lực lớn của đất nước, tạo động lực, nền tảng cho phát triển kinh tế - xã hội và là công cụ dẫn dắt, định hướng cho các thành phần kinh tế khác, Thủ tướng tin tưởng với năng lực, kinh nghiệm đã có, đường lối đúng đắn của Đảng, sự quản lý của Nhà nước, các DNNN tiếp tục duy trì, thúc đẩy đà phát triển, tư tưởng phải thông, quyết tâm phải cao, hành động quyết liệt, làm việc có The focus, the focus, and the work of that, for the power and prosperity of the country, for the happiness and prosperity of the people.

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