Kinhtedothi - Renovating the operations of the Committee for Management of State Capital at Enterprises, improving operational efficiency and promoting the investment resources of the 19 affiliated State economic groups and corporations.
In implementation of the guidelines of the Party and the National Assembly, in 2018 the Government established the Committee for Management of State Capital at Enterprises (the Committee) and assigned it to exercise the rights and responsibilities of the State owner's representative over the 19 affiliated State economic groups and corporations, which currently hold large resources of the economy, accounting for more than 60% of the capital and asset resources of State-owned enterprises (SOEs) nationwide.
After more than 4 years of operation, the Committee has fully taken over the exercise of the rights and responsibilities of the State owner's representative at the 19 State economic groups and corporations in accordance with the law; has acted as the focal point of the Steering Committee for handling the existing problems and weaknesses of a number of slow-progressing and inefficient projects and enterprises in the industry and trade sector, and has worked with the State economic groups and corporations to deploy important projects serving socio-economic development.
The State economic groups and corporations under the Committee continue to play a core role in many important economic sectors and fields of the country, contributing to ensuring major balances and macroeconomic stability, making large contributions to the State budget, creating important foundations and momentum for the development of sectors, fields and the economy, contributing to promoting growth, building an independent and self-reliant economy, implementing social security and national defence and security; owners' equity and assets have been preserved, and the production and business efficiency of many State economic groups and corporations has been maintained, ensuring jobs and income for employees.
Besides the results achieved in recent times, the Committee and the 19 State economic groups and corporations still have shortcomings and limitations such as: the legal basis for the Committee's operating model still has problems and is not really effective; proactiveness, flexibility, positivity and creativity remain limited, and coordination with ministries, sectors and localities still faces many obstacles. The State economic groups and corporations have not yet proactively brought into full play the effectiveness of the capital and asset resources assigned by the State, especially in accelerating the progress of large and important investment projects; almost no project has been newly started in recent periods.
These shortcomings and limitations stem from both objective and subjective causes attributable to the responsibility of many relevant entities: the Government, ministries and sectors, the Committee and enterprises,... among which the main causes are: major legal obstacles; coordination with ministries and sectors that is not yet close and effective; and the need for greater effort, endeavour and proactiveness on the part of the Committee and the State economic groups and corporations.
In implementing the conclusion of the Politburo on continuing to apply the model of the Committee as a specialised agency representing the owner of SOEs and State capital in enterprises, in order to continue researching and perfecting the model and renovating the Committee's operations, while improving the quality and efficiency of operations and promoting the effective use of the investment capital of the State economic groups and corporations under the Committee in implementing socio-economic development plans and strategies, the Prime Minister requires the Committee for Management of State Capital at Enterprises, relevant ministries and agencies and the State economic groups and corporations to be proactive and active in effectively handling and resolving difficulties, obstacles and inadequacies, and to direct and organise the proper implementation of a number of tasks and solutions.
Specifically, the Committee for Management of State Capital at Enterprises is to urgently finalise and submit to the Prime Minister before 15 May 2023 the plan for implementing the Politburo's conclusion on continuing to perfect and renovate the Committee's operations in accordance with the directions of Government leaders in Document No. 1200/VPCP-DMDN dated 14 April 2023 of the Government Office.
It is to thoroughly resolve long-standing backlogged issues, especially those for which deadlines have been set for submission to the Party Civil Affairs Committee of the Government and the Politburo, including the requirement to complete the thorough handling in May 2023 and report to the Prime Minister on the following projects and enterprises: the Project on expanding production phase 2 of the Thai Nguyen Iron and Steel Plant, the Project on mining and beneficiation of iron ore at the Quy Xa mine and the Lao Cai Iron and Steel Plant Project, and Dung Quat Shipbuilding Industry One Member Company Limited.
It is to improve the quality of the cadre contingent and select openly and transparently in order to find talented people, while studying regimes and policies in line with the regulations and rules of the Party and the laws of the State.
It is to urgently approve according to its authority or submit to the competent authority for approval, to be completed before 30 May 2023: - The 5-year production, business and development investment strategy and plan for the 2021-2025 period of the affiliated State economic groups and corporations;
- The 2022-2025 rearrangement policy of each State economic group and corporation as provided in Appendix IV to Decision No. 1479/QD-TTg dated 29 November 2022 of the Prime Minister on approving the Plan for rearranging SOEs and enterprises with State capital in the 2022-2025 period;
- Absorbing and explaining the opinions of ministries and agencies in accordance with the directions of Government leaders in order to consolidate and finalise, and complete the approval of or submission to the Prime Minister of the restructuring scheme of each affiliated State economic group and corporation in accordance with the provisions of Decision No. 360/QD-TTg dated 17 March 2022 of the Prime Minister on approving the Scheme “Restructuring State-owned enterprises, with a focus on State economic groups and corporations in the 2021-2025 period”, especially the restructuring scheme of the Vietnam Posts and Telecommunications Group and the restructuring scheme of the Vietnam Railways Corporation.
Being proactive and resolute in handling emerging problems and obstacles
The Committee for Management of State Capital at Enterprises is to strengthen inspection and urging and approve plans and programmes, especially the production, business and development investment plans of the affiliated State economic groups and corporations, contributing to the development of sectors, fields, regions, localities and the country's socio-economic development; and to demonstrate more clearly its leading, motivating and paving-the-way role in promoting the development of other economic sectors.
It is to actively and promptly grasp the situation better, especially major difficulties and obstacles that are bottlenecks in the production, business and investment activities of enterprises. On that basis, it is to urgently resolve issues within its authority and coordinate with and recommend to ministries and sectors, or advise the Government, in order to resolve remaining and newly arising issues.
It is to fully and promptly perform the tasks of the owner's representative agency at enterprises in accordance with regulations; and to be proactive and resolute in handling emerging problems and obstacles of the State economic groups and corporations under the responsibility and authority of the owner's representative agency, especially in coordinating with and seeking opinions from ministries and agencies when performing related tasks and during the implementation of tasks; it is necessary to carefully review legal regulations, clearly state views and specific handling solutions, and clearly identify the issues on which opinions are sought from ministries and agencies according to their State management fields so that the agencies have a basis for giving opinions.
Proactively seeking and deploying new projects for investment
The State economic groups and corporations under the Committee are to raise awareness and responsibility in performing the assigned task of managing State capital and assets at enterprises. They are to promote the spirit of self-reliance and self-strengthening, enhance proactiveness and creativity, dare to think, dare to act and dare to take responsibility, strive with the highest sense of responsibility for the interests of the nation and the people, and create a new momentum, mindset and methodology and a new approach in order to be determined to act, together with the support of State management agencies and of all levels and sectors.
With that sense of responsibility, they are to proactively seek and deploy new projects for investment, especially projects related to transport, energy, innovation, digital transformation, the circular economy and climate change response,...
They are to continue restructuring enterprises in accordance with the scheme approved by the competent authority, with emphasis on renovating the business governance model in a modern direction, adapting to new conditions, improving competitiveness and diversifying markets and products.
They are to step up the implementation of large and key State investment projects in important fields in accordance with the strategies and plans approved by the competent authority and in accordance with the Government's Programme for socio-economic recovery and development; creating important foundations and momentum for the development of sectors, fields and the entire economy. They are to perform well the work of investment preparation and timely disbursement of investment capital in order to accelerate progress, and to research and increase investment in innovation and emerging sectors and fields.
They are to fulfil the production and business tasks under the assigned plans, striving to exceed the plans, contributing to the highest extent to ensuring major balances for the economy, macroeconomic stability, revenue sources for the State budget and job creation for employees. In particular, special attention is to be paid to ensuring major balances in electricity, coal, oil and gas, petroleum, products that are raw materials for manufacturing industries and for national defence and security, and passenger and freight transport, as well as agricultural and forestry products.
They are to build corporate culture and uphold the cultural factor in production and business activities; respect the objective laws of the market economy and the laws of supply and demand and of competition; and contribute, together with the Government and ministries and sectors, to regulating the economy and building an independent and self-reliant economy in association with being active and proactive in deep, substantive and effective integration.
Accelerating the formulation of development strategies and plans for sectors and fields
Relevant ministries and agencies are, on the basis of their functions, tasks and authority, to accelerate the formulation of development strategies and plans for sectors and fields in the 2021-2030 period, with a vision to 2050, in order to link the development strategy of SOEs with the development of sectors and fields so as to bring into play the country's important resources, including:
- The overall national energy plan; the plan for exploration, extraction, processing and use of minerals; the national power development plan; and the national plan for petroleum and gas reserve and supply infrastructure of the Ministry of Industry and Trade;
- The overall plan for the development of the national airport system of the Ministry of Transport;
- The information and communications infrastructure plan of the Ministry of Information and Communications;
- The national forestry sector plan of the Ministry of Agriculture and Rural Development.
In the event that sectoral strategies cannot yet be issued, guidance for the Committee and the State economic groups and corporations on the handling approach is needed in May 2023 so as not to affect the formulation and issuance of the production, business and development investment strategies and plans of the State economic groups and corporations.
They are to urgently advise the Government and the Prime Minister on implementing the tasks and solutions under the tasks assigned by the Government in Resolution No. 68/NQ-CP dated 12 May 2022 of the Government on continuing to renovate, improve operational efficiency and mobilise the resources of SOEs, with a focus on State economic groups and corporations, for socio-economic development.
They are to actively and promptly coordinate with the Committee for Management of State Capital at Enterprises and the affiliated State economic groups and corporations in order to urgently remove difficulties and obstacles arising within the functions, tasks and State management fields of the ministries and agencies in the production, business, investment, restructuring, equitisation, divestment and rearrangement of premises and land,... of enterprises; especially difficulties and obstacles that are bottlenecks in the production, business and investment activities of enterprises; and, in the immediate term, to focus on thoroughly handling the issues recommended by the Committee and the State economic groups and corporations in May 2023.
They are to research and propose to the competent authority the stronger decentralisation to owner's representative agencies in exercising the Prime Minister's rights; and at the same time strengthen the supervision and inspection by State management agencies over the management of State capital and the exercise of the rights and responsibilities of the State owner's representative agency.
Researching appropriate mechanisms and policies to increase resources for enterprises from after-tax profits
The Ministry of Finance is to urgently submit to the Government for submission to the National Assembly Standing Committee and the National Assembly a draft Law fundamentally and comprehensively amending Law No. 69/2014/QH13 in accordance with the conclusion of the National Assembly Standing Committee and the directions of Government leaders in Document No. 2738/VPCP-PL dated 21 April 2023; and to strive to submit it to the National Assembly for adoption and promulgation at the October 2023 session.
It is to research appropriate mechanisms and policies to increase resources for enterprises from after-tax profits and other lawful capital sources in order to improve their production and business capacity, and to report to the Prime Minister in the second quarter of 2023.
The Ministry of Planning and Investment is to research and propose separate mechanisms and policies for the development of a number of large-scale economic groups and corporations operating in a number of sectors and fields in order to bring into play their paving-the-way and leading role for enterprises of other economic sectors in performing a number of important tasks of the country, and to report to the Prime Minister in the fourth quarter of 2023.
It is to urgently submit to the Government amendments and supplements to Decree No. 10/2019/ND-CP dated 30 January 2019 of the Government on the exercise of the rights and responsibilities of the State owner's representative so as to be more in line with enterprise management requirements and the renovation of owner management, to step up decentralisation and delegation of authority, to create flexibility and proactiveness in the operations of the Committee as well as of enterprises, and to be associated with strengthening the supervision and inspection of State management agencies.
It is to research mechanisms to encourage SOEs to boldly invest, improve competitiveness and keep pace with the speed of development and the application of science and technology, and with changes in the business models of the global economy and development trends in the world; and mechanisms for selecting organisations and individuals to manage and operate SOEs or part of the assets and projects of SOEs for a certain period, and to report to the Prime Minister in the fourth quarter of 2023.
The Ministry of Science and Technology is to take the lead and coordinate with the Ministry of Planning and Investment and relevant agencies in researching amendments to the regulations on changing the purpose of use of enterprises' Science and Technology Development Fund so as to facilitate investment in incubators in fields related to science, technology and innovation, in ordering new products and in investing in innovative start-ups,...; and to report to the Prime Minister in the fourth quarter of 2023.
Ministers, heads of ministerial-level agencies, the Chairman of the Committee for Management of State Capital at Enterprises, and the Chairmen of the Boards of Directors/Members' Councils and General Directors of the State economic groups and corporations shall, according to their assigned functions and tasks, be responsible for seriously, promptly and effectively organising the implementation of this Directive; regularly inspecting and evaluating the implementation; and promptly reporting and proposing to the Prime Minister difficulties and obstacles beyond their authority and remedies during implementation.
The Prime Minister assigns the Committee for Management of State Capital at Enterprises to monitor, urge, consolidate and report to the Prime Minister on the implementation of the tasks set out in this Directive in December 2023.
Source: kinhtedothi.vn
