At the working conference with the State Capital Management Committee in enterprises and 19 corporations and major state-owned companies, Prime Minister Pham Minh Chinh assigned specific tasks to each enterprise.
In particular, the Prime Minister emphasized some key tasks such as ensuring sufficient electricity supply for Vietnam Electricity Group; ensuring sufficient oil and gas supply according to plan for Vietnam Oil and Gas Group; ensuring sufficient coal supply based on long-term plans for Vietnam Coal and Mineral Industries Group; completing the Phase 2 expansion of the Thai Nguyen Steel Plant (TISCO 2) for Vietnam Steel Corporation; addressing the losses and outstanding issues of Vietnam Airlines; avoiding fuel shortages for Vietnam National Petroleum Group…
The Prime Minister also noted that the electricity price adjustment roadmap should be appropriate, without sudden changes, over-perfection, or haste. The Ministry of Industry and Trade should simplify and improve the management mechanism for petroleum trading, making it easy to inspect and monitor…
On the morning of February 5, Prime Minister Pham Minh Chinh chaired the working conference with the State Capital Management Committee in enterprises and 19 corporations and major state-owned companies. (Photo: VGP/Nhat Bac)
The Prime Minister demanded that the overall performance and results of the corporations and state-owned companies be higher next year compared to the previous year, specifically in terms of production and business efficiency, investment and development, contribution to the state budget, and higher growth compared to 2023.
The Prime Minister also emphasized that achievements and results should not be taken for granted or satisfied with. The Prime Minister pointed out the existing limitations and challenges in the operations of the corporations and state-owned companies, such as weaknesses in mechanisms and policies, limited investment for development, lower disbursement rate for public investment compared to the national average, inadequate contribution to GDP growth given their resources, and low business investment efficiency.
The main reasons are that the positive, proactive, and creative attitudes of the leadership of some corporations and state-owned companies have not been fully leveraged, there are legal obstacles, especially concerning land and public investment, decentralization, devolution; the policies toward officials working in enterprises, and capital management work still have shortcomings and do not match the reality.
Enterprise management is still not truly suitable for the market economy, there are still many intermediaries, many cases causing work hindrances; the consequences of COVID-19 pandemic are still lingering, businesses’ health has been eroded during the pandemic, typical of Vietnam Airlines.
The Prime Minister called on all parties to share and find solutions to the above-mentioned difficulties, challenges, and obstacles.
Earlier, in the report to the conference, the leadership of the State Capital Management Committee in enterprises said that in 2023, 15 out of 19 corporations and state-owned companies achieved and exceeded the plan for revenue; 16 out of 19 corporations and state-owned companies achieved and exceeded the pre-tax profit plan (Vietnam Airlines reduced losses compared to the plan); 16 out of 19 corporations and state-owned companies achieved and exceeded the plan for contributions to the state budget.
Many projects and enterprises have undergone transformations. For example, the construction of the Ben Luc – Long Thanh expressway; the Thivai LNG import terminal with a capacity of 1 million tons (completed and put into operation since October 29, 2023); Component 3 – Long Thanh International Airport Phase 1 project; construction of Terminal 3 – Tan Son Nhat International Airport passenger terminal; expansion of Terminal 2 – Noi Bai International Airport…
Agreeing with this opinion, the Prime Minister mentioned specific examples of achievements, successes, and limitations and constraints of corporations and state-owned companies, such as the delay in the deployment of the 500 kV Line 3 by EVN for many years but it is currently under rigorous construction and expected to be completed within 6 months; PVN has operated positively in recent years after a period of difficulties; Vietnam Airport Corporation used to lag behind but has made many efforts and changes, especially in the construction of Long Thanh airport…
