SOEs asked to play more active role in implementation of strategic breakthroughs

Prime Minister Pham Minh Chinh on March 3 called on state-owned enterprises (SOEs) to engage more intensively in the implementation of strategic breakthroughs regarding institutional perfection, personnel training and infrastructure development.
SOEs asked to play more active role in implementation of strategic breakthroughs ảnh 1Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhon March 3 called on state-owned enterprises (SOEs) to engage more intensivelyin the implementation of strategic breakthroughs regarding institutionalperfection, personnel training and infrastructure development.

At a meeting with outstanding SOEs nationwide, the Government leader shared difficulties facing businesses in general and SOEs in particular last year.

He also lauded the sound, timely leadership andinstruction by the Party Central Committee, efforts by the entire politicalsystem, the involvement of people and businesses, including significant contributionsby SOEs, as well as cooperation and support from international friends toVietnam in socio-economic development, making the country an economic brightspot globally.

Chinh asked the participants to propose solutions to challenges,and stressed the need to renew the existing growth drivers of investment, consumptionand export, while promoting new ones such as digital transformation, greentransition, circular economy, and knowledge-based economy.

The assets and resources of state enterprises shouldbe brought into full play, and these firms should truly play a key role in thenational economy, the leader continued.

The government always accompanies businesses, whetherprivate or state-owned, to overcome difficulties and challengestogether and spur development, he pledged.

The PM also commended SOEs for their efforts inutilising cutting-edge technologies, and improving production and businessefficiency, with many large firms at the forefront of new technologies.

Pointingto limitations and weaknesses of SOEs in administration, productionand business, and competitiveness, Chinh requested them to make changes bytheir own mindset and expertise, as well as lessons learned from the world.

He also emphasised the need for them to conductrestructuring in administration, finance, production, business, and supplychains, respect competition and market rules under state management, and raisetheir competitiveness and resistance to shocks, both internal and external.

The leader urged accelerating the implementation of major,key national projects in important, strategic fields, saying SOEs must play thepioneering role in innovation and digital transformation.

Ministries,agencies and localities were also asked to boost administrative reform, betterthe business environment, and work to untangle knots for businesses, and facilitatetheir operations.

The Ministry of Planning and Investment reported that asof the end of 2023, Vietnam counted 676 state-owned enterprises, operatingin various sectors.

At the beginning of 2023, their total assets were valuedat 3.82 quadrillion VND (154.93 billion USD), including nearly 1.7 quadrillionVND of State capital.

Last year, their combined revenue stood at 1.65quadrillion VND, and the total amount of taxes and other payables to the budgetreached 166.21 trillion VND, the ministry said.

On this occasion, the PM launched an emulationmovement to implement tasks set for this year./.
VNA

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