Prime Minister sets specific demands for 19 corporations and national companies by 2024

The Prime Minister believes that corporations and conglomerates, which control vast resources and undertake significant missions, should operate profitably and contribute even more to GDP growth and the state budget...

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On February 5, Prime Minister Pham Minh Chinh chaired a working session with the State Capital Management Committee in enterprises and 19 corporations and groups to deploy production and business in 2024 and promote investment in socio-economic development.

NOT SATISFIED WITH ACHIEVEMENTS ALREADY MADE

At the meeting, Prime Minister Pham Minh Chinh acknowledged and praised the contributions of the State Capital Management Committee in enterprises, corporations, and groups to the achievements and overall results of the country in 2023, especially in terms of GDP growth, enterprise management, and social security.

However, the Prime Minister requested absolutely not to be satisfied with the achievements and results that have been achieved. In addition to the achieved results, the Prime Minister pointed out the existing limitations and challenges in the activities of corporations and groups, such as the constraints in mechanisms and policies, limited investment in development, lower than the average national disbursement rate for public investment; the contribution to GDP growth is not proportional to the resources held; the effectiveness of investment and business is not high.

The main reasons are the positive, proactive, and creative qualities of the leaders of some corporations and groups that have not been fully utilized; legal hindrances, especially in land, public investment, decentralization, and empowerment.

In addition, the policy towards officials working in enterprises and capital management is still inadequate, not in line with the actual situation; enterprise management has not really suited the market economy, with many intermediaries and cases that hinder work progress; the consequences of the Covid-19 pandemic still exist, the health of enterprises has been eroded in the fight against the pandemic, exemplified by Vietnam Airlines. The Prime Minister requested all parties to share and find solutions to the above-mentioned difficulties, challenges, and obstacles.

CONTRIBUTING MORE TO GDP AND STATE BUDGET

In the coming time, the Prime Minister forecasted that there will continue to be advantages, opportunities, difficulties, and challenges both internationally and domestically, with more difficulties and challenges, especially in production, business development, job creation, and livelihoods for the people.

“Corporations and groups have significant resources and their main task is to operate profitably, contribute more to GDP and the state budget. The requirement for 2024 for the whole country and for corporations and groups is to achieve higher results than in 2023,” emphasized the Prime Minister.

To further promote the efficiency of the activities and investment resources of corporations and groups in the implementation of the socio-economic development plan and strategy in 2024 and the near future, the Prime Minister outlined 8 main contents regarding management principles, operations, and major tasks with the activities of the Committee and corporations and groups in the near future.

Accordingly, the Prime Minister requested to closely follow the Party’s orientation and direction, state policies and laws, Resolution of the 13th Party Congress, Central Party Committee resolutions, National Assembly and Government directives, grasp the practical situation, specificize them into programs, projects, and organize effective implementation.

Along with that, focus on amending and proposing authorized levels to amend relevant laws, decrees, and circulars to remove legal obstacles, especially in the fields of prices, environment, resources, and land…, specifically such as Decree No. 10/2019/ND-CP on the exercise of rights and responsibilities of the owner’s representative, Decree No.95/2014/ND-CP on investment and the financial mechanism for scientific and technological activities… The spirit is that decentralization and empowerment are accompanied by appropriate resource allocation, enhancing implementation capacity, strengthening inspection and supervision.

In particular, the policy towards officials working in enterprises and capital management needs improvement, not in line with the actual situation; enterprise management is not truly suitable for the market economy, with many intermediaries and cases that hinder work progress; the consequences of the Covid-19 pandemic still exist, the health of enterprises has been eroded in the fight against the pandemic, exemplified by Vietnam Airlines. The Prime Minister requested all parties to share and find solutions to the above-mentioned difficulties, challenges, and obstacles.

Overview of the meeting – Photo: VGP

The Prime Minister said that ministries, sectors, and the Committee have more experience, must coordinate closely, effectively, and quickly resolve, in a timely manner, the proposals of enterprises in the spirit of all for the common interests, national interests, for the development of corporations and groups; no pushing away, no avoiding, no inconvenience, no disturbance; jointly overcoming difficulties, overcoming challenges.

The Deputy Prime Ministers in charge of assigned fields must take the initiative, be active, urge the implementation of tasks, handle proposed issues of corporations and groups. The Office of the Government, the State Capital Management Committee in enterprises, and the Steering Committee for Enterprise Renewal and Development must be more proactive in their advisory work, heightening the spirit of innovation, with resources originating from ideas, motivation originating from innovation, strength coming from the people and enterprises.

About specific tasks in the near future, the Prime Minister emphasized some tasks such as ensuring that corporations and groups, including Vietnam Electricity Group, do not lack electricity; Vietnam Oil and Gas Group ensures sufficient oil and gas according to the plan; Vietnam Coal and Mineral Industries Group ensures sufficient coal based on long-term plans; the Vietnam Steel Corporation completes the expansion project of the Thai Nguyen Steel Plant Phase 2 (TISCO 2); Vietnam Airlines reduces losses and resolves outstanding issues; Vietnam National Petroleum Group does not allow fuel shortages…

The Prime Minister noted that the relevant agencies must adjust the electricity price mechanism in a suitable manner, without abruptness, without perfectionism, without hastiness; the Ministry of Industry and Trade should improve the mechanism for managing business focal points in a simple, easy-to-check, and supervise manner…

Regarding personnel, the Prime Minister requested the arrangement of the right, suitable, and qualified people based on the standards, conditions, procedures, and regulations of the Party and the state, ensuring transparency, democracy, objectivity, and transparency.

The Prime Minister once again emphasized that the overall results and achievements of corporations and groups must be higher next year than the previous year, specifically, the efficiency of production and business, investment and development, contribution to the budget, and higher economic development, better in preventing corruption, negative phenomena, and wastefulness, contributing more to social security, and contributing to the goal of developing a prosperous and strong country, bringing a better life, prosperity, and happiness to the people.

19 corporations and groups represented by the Committee have basically maintained their production and business results in 2023, with most of them meeting and exceeding their targets for revenue, pre-tax profit, and state budget contributions; profits and state budget contributions are higher than in 2022, making an important contribution to the overall socio-economic development of the country.

In 2023, 15 out of 19 corporations and groups met and exceeded their revenue targets; 16 out of 19 corporations and groups met and exceeded their pre-tax profit targets (Vietnam Airlines reduced losses compared to the plan); 16 out of 19 corporations and groups met and exceeded their state budget contributions.

SOURCEvneconomy
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