Prime Minister requires SOEs to play leading role in economy

State-owned enterprises (SOEs) should play a pioneering role in reform, renovation and science-technology development, and demonstrate their leading role of the economy, Prime Minister Pham Minh Chinh said.
Prime Minister requires SOEs to play leading role in economy ảnh 1Prime Minister Pham Minh Chinh speaks at the event. (Photo: VNA)
Hanoi (VNA) – State-owned enterprises (SOEs) shouldplay a pioneering role in reform, renovation and science-technology development,and demonstrate their leading role of the economy, Prime Minister Pham MinhChinh said.

The Government leader made the requirement at a national videoconference withSOEs on March 24 on the theme of continuing to enhance operation efficiency ofSOEs.

PM Chinh said SOEs have contributed greatly to the nationalconstruction and defence cause. However, their development has not matched theresources that they are possessing, and has not met expectations andrequirements.

He admitted that problems remain in existing institutions,mechanisms and policies, which hinder the development of SOEs. The legalenvironment and ecology for SOEs also have many limitations and shortcomings,while State management agencies have not performed well their tasks in strengtheningand promoting the position and role of SOEs.

The PM assigned specific tasks to ministries and agenciesto address the hindrances in the development of SOEs, with the Finance Ministrytold to early complete draft revisions to the law on management and use ofState capital in enterprises.

The Ministry of Labour, Invalids and Social Affairs is urged to submit to theGovernment draft decrees on labour management, wages and rewards for peopleholding managerial positions and workers in SOEs in line with the marketprinciples.

The Ministry of Science and Technology is taskedwith revising regulations on investment and financial mechanism forscientific-technological activities.

The PM required the Government Office and theMinistry of Planning and Investment to sum up recommendations made at theconference, in order to enable the Government to early finalise a resolution ontasks and measures to stimulate reform and improve operation efficiency ofSOEs, thus making full use of SOEs’ resources in socio-economic development.   

According to reports and opinions at the conference, SOEs has, and is playing animportant role in the economy, contributing 29 percent of the national GDP.They also played the key role in some industries and sectors. However, theirbusiness and production activities face many obstacles, thus limiting the mobilisationof their resources for the economy.  

Participants shared the view on the need toenhance the operational efficiency of SOEs, with the key task in the immediatefuture being increasing investment in innovation and application ofscience-technology./.
VNA

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