PM asks state-run groups, corporations to contribute to building self-reliant economy

State-run groups and corporations must operate effectively to contribute to building an independent and self-reliant economy, Prime Minister Pham Minh Chinh requested on March 18.
PM asks state-run groups, corporations to contribute to building self-reliant economy ảnh 1Prime Minister Pham Minh Chinh chairs conference on solutions to innovate the operation of the Committee for Management of State Capital at Enterprises and effectively promote investment resources of State groups and corporations (Photo: VNA)
Hanoi (VNA) - State-run groups and corporations must operate effectively to contributeto building an independent and self-reliant economy, Prime Minister Pham Minh Chinh requested onMarch 18.

Chairing aconference on solutions to innovate the operation of the Committee forManagement of State Capital at Enterprises (CMSC) and effectively promoteinvestment resources of State groups and corporations, the Government leader said the CMSC and the 19 groups and corporations it manages must makeeffective contributions to ensuring macroeconomic stability and major balances,controlling inflation, and promoting growth.
Attention should be paid  to three growthdrivers of domestic consumption, investment and export, he said, adding groups and corporations should uphold the responsibility androle of their heads in promoting investment and expanding investment ininnovation and creativity, with focus on emerging industries, and major and keyprojects; and continue to restructure enterprises and transform managementmodels to adapt to new conditions and the situation of the country.

The PM pointed out that the activities of the committeeand the 19 croups and corporations still have many limitations anddifficulties, and they have failed to bring into play the 63% of capital resourcesand the 65% of assets of State-owned enterprises nationwide which they are holding.

PM asks state-run groups, corporations to contribute to building self-reliant economy ảnh 2An overview of the conference (Photo: VNA)
He asked ministries, sectors and localities to promptly remove bottlenecks in investment of enterprises, speed up the formulation ofstrategies and master plans for the development of sectors and fields, and associate the development strategies of State-owned enterprises with the development of thesesectors and fields in order to make the most of the important resources of thecountry.

It is necessary to supervise the exercise of rights,functions and duties of the CMSC to avoid causing corruption, other negative phenomenon,and loss of capital and property of the State, the Government leaderemphasised.

As of 2022, the 19 groups and corporations managed by theCMSC had guaranteed about 87% of electricity, 50% of petrol for retail sale,100% of dry gas, 70% of liquefied petroleum gas, 70% of fertilisers, 45% ofmobile subscriptions, 49% of domestic air passenger transport, 16% of seafreight management, and 100% of railway transportation./.
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