Another notable change is the removal of restrictions on real estate investment, allowing SOEs to operate more equally with the private sector in this area. In addition, enterprises with more than 50% state capital are allowed to lend capital to subsidiaries under separate regulations, creating more financial flexibility.
These adjustments represent progress in reforming state capital management, increasing business autonomy, and promoting the SOE sector to operate more effectively and transparently. Thus, after Resolution 68 on private economic development was issued, affirming that the private economic sector plays an important role as a driving force of the national economy, the SOE sector has not reduced its role in the country's economy.
Vietnam currently has more than 670 SOEs, of which about two-thirds are 100% state-owned, and the rest are state-owned with more than 50% of charter capital. SOEs play a role in providing public goods and services; solving employment problems; creating public funds; and increasing access to public services. Although the number of SOEs accounts for only 0.3% of the total number of enterprises in Vietnam, they are holding assets of nearly 4 million billion VND, contributing nearly 30% of GDP.
According to Minister of Finance Nguyen Van Thang, the state has “fully opened up the institutions” for state-owned enterprises. In addition to the new regulations that are about to take effect, the Government has also submitted to the National Assembly for amendment a series of regulations related to the operation of enterprises, such as the law on investment, bidding, tax laws, etc. The state only manages the capital contribution in enterprises, while state-owned enterprises have the right to be proactive and self-determined on many issues such as salary mechanisms, bonuses, capital increase, etc.
Thus, the story of innovation in thinking and corporate governance is not the first time it has been mentioned, but it plays an extremely important role, especially in the context of our country's strong changes. All localities and sectors are making efforts to streamline and improve operational efficiency, so state-owned enterprises cannot be left out. On the contrary, support for state-owned enterprises to promote their role well is timely and extremely necessary.
For Ho Chi Minh City, the formation of a megacity is the time to create more resources to contribute to growth. In the first socio-economic meeting of Ho Chi Minh City after the recent merger, Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex, proposed to continue implementing previous policies, trusting and assigning tasks to enterprises, not only Becamex itself but also state-owned enterprises and private enterprises in general.
This is a huge resource that needs to be effectively exploited to contribute to the development of the city and the country. In fact, Becamex is one of the successful examples of SOEs, thanks to being given flexible mechanisms and appropriate policy support. Up to now, the Ho Chi Minh City People's Committee has assigned specific tasks to its affiliated SOEs, first of all, contributing to achieving the target of double-digit economic growth this year.
In the long term, SOEs must play a pioneering role, leading and becoming a pioneering force in key areas, including innovation, digital transformation, institutional development, green economy, digital economy, circular economy, social security, Vietnamese brand development and global value chain integration. Departments and branches must actively support and remove obstacles for SOEs. Enterprises themselves must proactively transform, continue to become a pioneering force in strategic areas, contributing to bringing the country forward in the new era.
Source: https://www.sggp.org.vn/vai-tro-dan-dat-cua-doanh-nghiep-nha-nuoc-post803760.html
Comment (0)