Speaking at the launching ceremony of the State Capital Management Committee at the enterprise, Prime Minister Nguyen Xuan Phuc said that the establishment of the State Capital Management Committee for enterprises was recorded in the document of the Party Congress. Improving the efficiency of SOEs contributes significantly to the economy of Vietnam. The establishment of the Commission is an important step in separating functions of state management and SOEs’ business.
"After 19 corporations, general corporations in the Commission, the role of the ministry did not fall down but also increased. The industry leader must lead through many sectoral issues as well as fields such as sector planning, human resources training," the PM emphasized.
Judging the Committee's role, Prime Minister Nguyen Xuan Phuc stressed that the Committee was assigned by the Party and State to manage total assets of about 2.3 trillion dong, owners' equity of nearly 1 trillion dong, accounting for 2/3 of total state owned assets. The SOEs under the Committee are all important businesses of the economy such as electricity, petrol and food.
The head of the government stresses that there are two paths: the Commission must go on a professional and modern path and the second is to create the old bureaucracy, which is the burden of the economy. And we choose the first way. The Commission must become a professional and modern office; anyway, this is the more difficult path. It must be the promoter of development, promoting reforms to enhance the overall effectiveness of the SOE system. The Commission has not been bureaucratic, complicating SOEs.
The Prime Minister also urged the Commission to quickly consolidate the streamlined and efficient organizational structure, employing the right cadres, and having a set of indicators to assess the efficiency of each officer, the internal monitoring mechanism, completing tools of management. At the same time, the Committee must measure the performance of each SOE.
"The Commission should closely cooperate with leading technology companies to apply SOEs management tools under the 4.0 technology. After that, the Commission has to create a favorable business environment for SOEs," he said.
In addition, the Prime Minister asked the Committee to develop strategies, determine the performance targets of each SOE, and promote equitization of enterprises. At the same time, it is necessary to promote SOEs to improve labor productivity, raise the competitiveness of enterprises, manage and develop capital sources which are not allowed to contribute capital and the turnover of the next year must be higher than that of the previous year.
In particular, the Prime Minister requested that in the process of transfer, ministries and localities must cooperate and coordinate to quickly complete the dossier procedures and do not allow legal gaps in the transfer process.
Accordingly, the Prime Minister requested that with the handing over, the representation of state capital at enterprises, committees and related ministries should not be allowed to occupy the legal space, avoiding complexity, needing to tighten, correcting the right people. . Strengthening publicity, transparency in business activities, avoid loss of waste, corruption, front yard, back yard.
Of the 19 corporations, the general corporation transferred to the Commission, including: Vietnam Petroleum Group; Vietnam Chemical Corporation; Vietnam Electricity Corporation; Vietnam Oil and Gas Corporation; Vietnam Rubber Industry Group; The Vietnam National Coal-Mineral Industries Group and the Vietnam Post and Telecommunications Group; MobiFone Telecommunications Company; The Vietnam Tobacco Company; Vietnam Airlines Corporation; Vietnam National general Shipping Lines; Vietnam Railway Corporation; Vietnam Expressway Development Investment Corporation; General Aviation Company; Vietnam Coffee Corporation; Southern Food Corporation; Northern Food Corporation and Vietnam Forestry Corporation; State Capital Investment Corporation (SCIC).
Source: VCN
Key words: leave, legal space, transferred, Super Commission
