Prime Minister Nguyen Xuan Phuc attends the 10th founding anniversary of the Party Committee of the Central Businesses Bloc (CBB) (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked State-run enterprises to further improve administration capacity and have a strategic vision for stronger development.

He made the request while attending the 10th founding anniversary of the Party Committee of the Central Businesses Bloc (CBB) in Hanoi on April 11.

The leading mission of the CBB Party Committee is helping State-owned businesses develop and fulfil political tasks entrusted by the Party and State, he said.

He acknowledged the committee’s significant contributions to the national development over the past decade, saying State companies contributes 26-30 percent of the gross domestic product (GDP) and serve as an important tool of the State to stabilise the macro economy and boost growth.

Mentioning its shortcomings in personnel work over the past time, the Government leader stressed that enterprises will only succeed if personnel work is done well.

State businesses should learn from experience in investment and capital management, labour productivity improvement, brand building and business administration, he said.

He also underlined the crucial role of the State economy, which makes up at least 15-35 percent of GDP, saying that the development of the State economy is imperative to successfully build a socialist-oriented market economy.

In the context of the fourth industrial revolution, the PM urged State companies to pioneer in the field to accelerate international integration.

He said science-technology development is a big issue in Party leadership as it is key to businesses’ success.

The Government leader requested State firms to improve their role and capacity to fulfil political missions, including the Party building and thrift practice.-VNA