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

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