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PM asks capital management commission to deal with corporate issues

PM asks capital management commission to flexibly deal with corporate issues

Prime Minister Nguyen Xuan Phuc on July 17 asked the Commission for the Management of State Capital at Enterprises (CMSC) to take more flexible approach to dealing with corporate issues in line with the law.
PM asks capital management commission to flexibly deal with corporate issues ảnh 1At the event (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc onJuly 17 asked the Commission for the Management of State Capital at Enterprises(CMSC) to take more flexible approach to dealing with corporate issues in linewith the law.

Put into operation on September 30, the CMSC has become theState capital representative for 19 State-owned enterprises (SOEs) andcorporations with a total of of 2.3 quadrillion VND (98.9 billion USD).

During a working session in Hanoi, the PM lauded thecommission for receiving 237 tasks from ministries and completing 97 others,helping SOEs resume stable operations with revenue up 15 percent, before-tax profitup 12 percent, and contribution to the State budget up 31.4 percent.

He also order the CMSC to continue refining mechanisms andworking closely with ministries and agencies to fulfill assigned tasks.

The CMSC was asked to strengthen management to improve theefficiency of SOEs operations, including building modern State governance modelsand improving their competitiveness.

As for SOEs, the leader urged them to adopt moderntechnology in strategic areas and prevent wastefulness in State equitisationand divestment.

About overlapping decrees and laws, he assigned the Ministryof Planning and Investment to make a report to submit to the Government duringits July meeting for consideration.

Relevant ministries must improve their sense ofresponsibility for assessing several projects, and promptly approve SOEs’business plans in July as well as restructuring plans.

At the working session, the PM also offered his opinionsabout CMSC’s suggestions, including reshuffling its operations and personnel.He also allowed the commission to work with ministries, agencies andcorporations to employ experienced and qualified officials.-VNA
VNA

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