The Prime Minister instructed state-owned enterprises to exceed assigned business targets

VCN - Prime Minister Pham Minh Chinh has just signed Directive 07/CT-TTg on innovating governance, improving production and business efficiency and strongly promoting investment and development of corporations and state-owned enterprises (SOEs).
Proposal for state-owned enterprises to divest capital from loss-making enterprises Proposal for state-owned enterprises to divest capital from loss-making enterprises
Proposing for state-owned enterprises to divest capital from loss-making enterprises Proposing for state-owned enterprises to divest capital from loss-making enterprises
PM chairs conference on State-owned enterprises’ operation plans for 2024 PM chairs conference on State-owned enterprises’ operation plans for 2024
SOEs increasingly demonstrate their leading and dominant role in important industries and fields. Source: Internet.
SOEs increasingly demonstrate their leading and dominant role in important industries and fields. Source: Internet.

The Directive clearly states that SOEs are increasingly demonstrating their leading, dominant and leading role in important and essential industries and fields of the economy; contributing to stabilizing the macro economy, controlling inflation, promoting growth, ensuring major balances of the economy, making practical contributions to construction, socio-economic development and national defense .

In addition to the achieved results, the operations of the SOE sector also reveal some limitations such as: some SOEs have not fully utilized the resources, capital, assets assigned by the State, and disbursed investment capital throughout the year. 2023 has not met the set plan, there are still SOEs operating at a loss; Competitive capacity, application of science and technology, innovation, and digital transformation are still limited; Corporate governance innovation is still slow...

Therefore, the Prime Minister requires SOEs to raise awareness and responsibility in performing assigned tasks of managing state capital and assets at enterprises, especially the responsibilities of the chairman, director and general manager, representative of state capital at the enterprise. Promoting the spirit of self-reliance, self-reliance, enhancing initiative, creativity, daring to think, daring to do, daring to take responsibility, striving with the highest sense of responsibility for the benefit of the nation and people, creating spirit, thinking, new ways of doing things, determination and decisiveness in action.

Urgently and effectively deploy the Enterprise Restructuring Project for the period 2021-2025; the enterprise's development strategy, annual and 5-year production, business, and investment development plans have been approved, as well as related tasks and directions of the Government and the Prime Minister.

Promote the implementation of large, key national investment projects in important fields according to strategies and plans assigned by competent authorities and the Government and Prime Minister; creating an important premise and driving force for the development of industries, fields and the entire economy. Do a good job of investment preparation and promptly disburse investment capital to speed up the progress of investment projects; research and increase investment in innovation, emerging industries and fields.

Prioritize focusing resources on main business areas, overcoming the situation of scattered, scattered and ineffective investments; improve innovation capacity; innovate the corporate governance model towards modernity in accordance with international practices; Arrange and streamline the apparatus; improve competitiveness in domestic and international markets; creating position and strength as well as the basis for building development orientation and strategic vision for the next period.

Exceeding the assigned production and business plan targets, making the highest contribution to ensuring major balances for the economy, stabilizing the macroeconomy, creating revenue for the state budget, and solving work problem and ensure the lives of workers, implement social security policies.

The Prime Minister requested corporations, state-owned corporations and SOEs to continue promoting the pioneering and leading role of SOEs in the economy, ensuring that SOEs are the pioneering and leading force in the field of innovation, digital transformation and economic recovery.

In particular, SOEs are investing and constructing key infrastructure and transportation projects to speed up progress and ensure quality, efficiency and safety in implementing construction of important national transportation infrastructure projects...

Vietnam Electricity Group (EVN), Vietnam Oil and Gas Group (PVN), Vietnam Coal and Mineral Industry Group (TKV) and affiliated units promptly and effectively deploy the Power Development Plan national power in the period 2021-2030, vision 2050 (Power Plan VIII) according to regulations, ensuring national energy security, providing enough electricity for production, business and consumption of the people. EVN and PVN proactively propose to competent authorities solutions to remove bottlenecks and problems arising in the development of gas thermal power projects to both contribute to accelerating the investment progress of gas power projects and other gas exploitation projects.

The Vietnam Petroleum Group and other state-owned enterprises are the focal enterprises in the petroleum business, increasing the ability to forecast world market price movements, proactively planning to ensure the supply of petroleum for the economy and minimize disadvantages due to fluctuations in world petroleum prices.

SOEs assigned the task of managing and exploiting agricultural infrastructure systems, including irrigation works, continue to perform well the task of irrigation and drainage to cope with drought and saltwater intrusion to support effective and sustainable agricultural development, firmly ensuring national food security and promoting exports.

Companies providing seafood exploitation services continue to play an important role in providing logistics services for offshore fishermen and developing the marine economy.

State-owned commercial banks continue to review and simplify lending and disbursement procedures in accordance with regulations, reduce costs, strive to reduce lending interest rates, and ensure reasonable interest costs to support economic recovery.

The Prime Minister assigned ministries, branches, agencies, People's Committees of provinces and centrally run cities and owner representative agencies to promote administrative procedure reform and improve the business and investment environment. , creating convenience for people and businesses; resolutely reduce administrative procedures and business regulations that are unnecessary, inappropriate, and lacking in feasibility. Proactively remove difficulties to speed up customs clearance of goods and improve the efficiency of import and export activities at the border gate area, especially for seasonal agricultural and aquatic products.

By Huong Diu/ Huu Tuc

Related News

Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Khanh Hoa Customs reaches revenue target 1 quarter early

Khanh Hoa Customs reaches revenue target 1 quarter early

VCN - Many key import items increased sharply, along with efforts in trade facilitation, tax debt collection, so in just 9 months of 2024, Khanh Hoa Customs Department completed the state budget revenue target.
Risks for the economy when cash flow has not yet been put in to production and business

Risks for the economy when cash flow has not yet been put in to production and business

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.
Vietnam to achieve credit rating as set target

Vietnam to achieve credit rating as set target

VCN - With the current credit rating scale, Vietnam is getting closer to the target of raising the investment rating grade by 2030 set out in the National Credit Rating Improvement Project by 2030.

Latest News

Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.
Vietnam’s WTO journey: From economic integration to global trade powerhouse

Vietnam’s WTO journey: From economic integration to global trade powerhouse

Vietnam's signing of the World Trade Organisation (WTO) accession protocol in Geneva on November 7, 2006, and its subsequent entry as the organisation's 150th member on January 11, 2007, marked a pivotal turning point in the nation's development. Over the past 18 years, this membership has strengthened Vietnam’s position in global value chains while demonstrating its strong commitment to international economic integration.
PM arrives in Kunming, beginning activities in China

PM arrives in Kunming, beginning activities in China

Prime Minister Pham Minh Chinh and his entourage arrived at Kunming Changshui International Airport in China’s Yunnan province on November 5 morning, starting their working trip to attend the 8th Greater Mekong Sub-region (GMS) Summit and hold bilateral activities in the country.
Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister Pham Minh Chinh will lead a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit in Kunming, China’s Yunnan province, from November 5 to 8, at the invitation of Chinese Premier Li Qiang.

More News

PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

Deputy Prime Minister and Foreign Minister Bui Thanh Son has granted and interview to Qatar's Asian Telegraph Newspaper on the outcomes of Prime Minister Pham Minh Chinh's visit to the Middle Eastern country from October 30 to November 1, as well as the cooperation prospects between the two countries.
Cuban top legislator concludes Vietnam visit

Cuban top legislator concludes Vietnam visit

Politburo member of the Communist Party of Cuba and President of the National Assembly of People’s Power Esteban Lazo Hernandez and the Cuban delegation successfully concluded their visit to Vietnam on November 3.
State President welcomes top legislator of Cuba

State President welcomes top legislator of Cuba

State President Luong Cuong met with Politburo member, President of the National Assembly of People’s Power, and President of the Council of State of Cuba Esteban Lazo Hernandez in Hanoi on November 2.
Remove "bottlenecks" for economic breakthrough

Remove "bottlenecks" for economic breakthrough

VCN - In recent articles and speeches, General Secretary and President To Lam has repeatedly mentioned that the country is facing a new era of national growth. General Secretary and President To Lam also requested that the “bottlenecks” of the economy must be quickly removed, creating innovation and breakthroughs to complete the set tasks.
Int’l organisations, experts remain optimistic about Vietnam's economic outlook

Int’l organisations, experts remain optimistic about Vietnam's economic outlook

International organisations and experts have made positive comments on the Vietnamese economy, affirming their optimism about Vietnam's economic outlook.
Party chief clarifies major issues on new era of nation

Party chief clarifies major issues on new era of nation

Prof. Dr. To Lam, General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee on October 31 had a discussion with participants of a training course for officials planned for the 14th Party Central Committee, focusing on a number of issues on a new era – the era of the nation’s rise.
Vietnam, others call on US to immediately end embargo against Cuba

Vietnam, others call on US to immediately end embargo against Cuba

Vietnam calls on the US to immediately end its embargo against and remove Cuba from the list of state sponsors of terrorism, moving towards normalising relations between the two countries based on equality, mutual respect, and respect for each other's national sovereignty and political independence, stated Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.
Vietnam

Vietnam's economy is recovering well

VCN - According to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR), by the end of the third quarter of this year, Vietnam's economy had recovered relatively well amid optimism about the overall growth of the world economy in late 2024 and 2025.
“Carbon footprint” reduction needed for sustainable tourism development: insiders

“Carbon footprint” reduction needed for sustainable tourism development: insiders

Vietnam's tourism industry is making efforts to reduce its “carbon footprint” in pursuit of sustainability, focusing on developing “green tours”, upgrading transport infrastructure, and developing renewable energy-used vehicles, said insiders.
Read More

Your care

Latest Most read
Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.
Vietnam’s WTO journey: From economic integration to global trade powerhouse

Vietnam’s WTO journey: From economic integration to global trade powerhouse

Vietnam's signing of the World Trade Organisation (WTO) accession protocol in Geneva on November 7, 2006, and its subsequent entry as the organisation's 150th member on January 11, 2007, marked a pivotal turning point in the nation's development. Over the past 18 years, this membership has strengthened Vietnam’s position in global value chains while demonstrating its strong commitment to international economic integration.
PM arrives in Kunming, beginning activities in China

PM arrives in Kunming, beginning activities in China

Prime Minister Pham Minh Chinh and his entourage arrived at Kunming Changshui International Airport in China’s Yunnan province on November 5 morning, starting their working trip to attend the 8th Greater Mekong Sub-region (GMS) Summit and hold bilateral activities in the country.
Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister Pham Minh Chinh will lead a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit in Kunming, China’s Yunnan province, from November 5 to 8, at the invitation of Chinese Premier Li Qiang.
PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

Deputy Prime Minister and Foreign Minister Bui Thanh Son has granted and interview to Qatar's Asian Telegraph Newspaper on the outcomes of Prime Minister Pham Minh Chinh's visit to the Middle Eastern country from October 30 to November 1, as well as the cooperation prospects between the two countries.
Mobile Version