As mentioned in the Prime Minister’s Official Dispatch No. 77 on solutions to promote effective production and business activities for state-owned enterprises, there is a need to address challenges and bottlenecks in implementing growth targets for 2025.
Prime Minister Pham Minh Chinh. (Photo: Pham Thang)
The Ministry of Finance is tasked with promptly resolving difficulties and problems arising during the implementation of growth targets for state-owned enterprises, following the directives of the Government’s leaders.
The Ministry is also responsible for comprehensively reviewing and evaluating the effectiveness of investment, management, and use of state capital in enterprises. They should strengthen financial supervision and assess the performance of state-owned enterprises within their authority and legal provisions to ensure efficient, transparent, and proper use of capital.
Additionally, early warning systems should be in place to identify enterprises showing signs of financial distress.
The State Bank of Vietnam is instructed to direct the credit system to provide timely, reasonable, and regulated capital for production and business investment projects of state-owned enterprises, especially in key and strategic infrastructure fields.
At the same time, they should continue to reform lending procedures, enhance risk management, and facilitate state-owned enterprises’ access to credit.
The Head of the Government also requests that ministries, sectors, and Provincial People’s Committees proactively identify challenges and difficulties in the production and business activities of state-owned enterprises to promptly offer solutions and promote their development. If issues exceed their authority, they must promptly report to competent authorities for consideration and decision-making.
Ministries, sectors, and Provincial People’s Committees shall urgently implement and take responsibility for assigning growth targets to state-owned enterprises within their management scope. They should also monitor the implementation process to contribute to ensuring the country’s growth target of 8% or higher in 2025.
Furthermore, they should strengthen financial supervision and evaluate the performance of state-owned enterprises within their management scope. Early warning systems should be utilized to identify risks, and enterprises should be directed to take preventive and corrective measures.
The Prime Minister requests that ministries, sectors, and local governments direct and support corporations, General Corporations, and state-owned enterprises in implementing large and important investment projects. This includes accelerating progress while ensuring quality.
Corporations, General Corporations, and state-owned enterprises should focus their resources on their primary business fields and invest in large, focused, and impactful projects that drive socio-economic development. They must resolutely overcome dispersed and ineffective investment practices.
Especially, it is essential to enhance the responsibility of leaders in preserving and developing state capital, linking responsibility with the effective performance of assigned tasks.
High-Speed Rail Project: A Level Playing Field for Private Enterprises
According to numerous experts, private enterprises’ bold initiative to venture into high-speed rail development is a welcome and positive sign. However, it is crucial to proceed with caution as not all businesses may possess the requisite capabilities and resources to undertake such an endeavor successfully.
“Global Investment Firm Pours $3.5 Billion into Vietnam’s Economy through M&A Deals with Vingroup, Masan, and Imexpharm.”
On the afternoon of May 29, as part of his working trip to attend the 30th Asia Future Conference in Tokyo, Deputy Prime Minister Nguyen Chi Dung and his government delegation met with Mr. Tae-Won Chey, Chairman of SK Group.
Billion-Dollar Bet: Transforming Vân Đồn with a Casino Resort
I can further refine or elaborate on this title if you wish, or provide alternative suggestions.
The Ministry of Finance has just submitted to the Prime Minister a decision on the policy for investing in the Van Don casino project in Quang Ninh province. The project is expected to have a total investment of over $2 billion.
Unlocking Direct Flights: Sun Group’s Vision for Seamless Travel from Van Don to Seam Reap
“Quang Ninh Province is home to the magnificent Van Don International Airport, a groundbreaking venture that stands as Vietnam’s very first privately-owned airport project. This remarkable achievement is a testament to the vision and expertise of Sun Group, the driving force behind its development.”
“Ho Chi Minh City’s Outskirt Land Prices Surge”
The land market is heating up, spreading from the eastern to the western and southern districts of Ho Chi Minh City. Investors who own land in Cu Chi, Can Gio, and Hoc Mon can expect a significant rise in land prices by the end of this year.
