PM underlines need to optimise resources from SOEs

It is necessary to promote the leading role of State-owned enterprises (SOEs) in forming and expanding production, supply and value chains, stated Prime Minister Pham Minh Chinh during a working session with the Party Committee of the Central Enterprises Bloc (CEB) in Hanoi on July 12.
PM underlines need to optimise resources from SOEs ảnh 1Prime Minister Pham Minh Chinh addresses the meeting. (Photo: VNA)
Hanoi (VNA) –It is necessary to promote the leading role of State-owned enterprises (SOEs) informing and expanding production, supply and value chains, stated PrimeMinister Pham Minh Chinh during a working session with the Party Committee ofthe Central Enterprises Bloc (CEB) in Hanoi on July 12.

The PM described the SOEs as an important materialforce of the economy, and hailed the strong performance of the businesses,especially during COVID-19 period.

He affirmed that theParty Organisation of the CEB is the key force of the SOEs in their restructuring, especialy in optimising their resources at 9.93 quadrillion VND (424.63 billion USD).

Pointing to a numberof current shortcomings of SOEs, PM Chinh asked the Party Committee of theCEB to continue to renovate Party leadership and principles while speeding up the restructuring, reshuffling and renovation of SOEs todevelop the firms and enhance their efficiency, with an aim to basicallyfinish the reorganising and ownership switching of SOEs in 2025, along with thesettling of stagnant projects of State-owned economic groups, corporations andenterprises.

Along with completinginstitution and policies to deal with difficulties in SOE restructuring and managing the State capital at enterprises, it is crucial to strengthen the coordination andcooperation among SOEs and between them and their peers from other economicsectors, he said.

PM underlines need to optimise resources from SOEs ảnh 2As of the end of 2021, 18 out of 61 SOEs, or 29.5%, had completed equitisation (Photo: VNA)
Underlining thesignificance of enhancing the efficiency of SOEs, the leader pointedto the need to complete the governance system and the improvement of capacityof management officials, as well as the prevention of law violations andinterest conflicts.

At the same time, itis necessary to optimise resources in capital, land, trademark, tradition andhistory of the enterprises, while closely managing State capital and propertyin line with the law, he said.

The PM also stressedthe significance of strengthening decentralisation and delegation of power. He expressed his hope that the Party Committee of the CEB will work closely with the Governmentin completing these targets, tasks and solutions, thus making full use ofresources from SOEs to match their potential.

As of the end of 2021,the Party Organisation of the CEB had 1,148 local Party Organisations, 5,742 cells and 87,585 members. The bloc comprises nine economic groups, 20corporations, six banks, one State-run financial institution and total of 930affiliated enterprises./.
VNA

See more

Cuban President Miguel Díaz-Canel at a meeting with a delegation of Vietnamese businesses led by the Thai Binh Group. (Photo: VNA)

Cuba strengthens economic ties with Vietnamese businesses

Both sides discussed opportunities to expand cooperation in Cuba’s priority development sectors. The Vietnamese delegation reaffirmed its commitment to sustaining and expanding its operations in the Mariel Special Development Zone (ZEDM), a key driver of Cuba’s economic growth.

Deputy Minister Tran Thanh Nam (front line, in a red tie) takes a photo with representatives of German associations and businesses at the event. (Photo: VNA)

Vietnam explores agricultural partnerships in Germany

A major highlight of the visit was a trade promotion forum on Vietnam–Germany agro-forestry-aquatic products, which attracted participation from various trade associations, vocational training institutions, German distribution channels, supermarket chains, and nearly 50 companies specialising in the production, processing, and logistics of agricultural, forestry, and aquatic products.

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

Vietnam, US promote negotiations on reciprocal trade agreement

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

AI helps businesses build resilient, adaptable succession teams

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.