PM chairs conference on State-owned enterprises’ operation plans for 2024
Prime Minister Pham Minh Chinh on February 5 chaired a working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promote socio-economic development investment in the year.
Prime Minister Pham Minh Chinh (standing) addresses the working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management on February 5 (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh onFebruary 5 chaired a working session with the Commission for Management of State Capital atEnterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promotesocio-economic development investment in the year.
PM Chinh highlightedcontributions from the 19 groups and corporations to the country’s overallsuccess in 2023, but underlined that the country’s socio-economic developmenttasks for 2024 are much harder than those for 2023, requiring more efforts fromministries and sectors, including the CMSC.
Although they are small in number, State-owned groups and corporationshold large resources, assets, and capital, serving as an important force of the Party and State, the PM stressed, adding that along with economicdevelopment, the groups and corporations have actively participated in ensuringsocial security.
The Government leader asked leaders of ministries, sectorsas well as the groups and corporations to analyse and assess their performance in2023 and propose tasks and solutions to promote business and production in2024, thus contributing to boosting socio-economic development this year andfollowing years.
Particularly, they were requested to review and propose any necessary changes to institutions,mechanisms, policies and laws to enhance the operational efficiency of thegroups and corporations.
Last year, the total revenue of the 19 groupsand corporations reached nearly 1.13 quadrillion VND (46.34 billion USD), equivalentto 105.15% of the yearly plan.
Their combined pre-tax profit hit 53.25 trillion VND (excluding VietnamElectricity) was equal to 166.09% of the 2023 plan and 110.92% compared to thesame period in 2022. The groups and corporations paid 79.25 trillion VND to theState budget, reaching 199.96% of the plan for the year and equivalent to120.22% of the figure recorded in the same period of 2022./.
Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
Prime Minister Pham Minh Chinh on September 14 chaired a meeting between Cabinet members and State-owned enterprises (SOE) across the country on the promotion of business, production and development investment.
Deputy Prime Minister Le Minh Khai has signed a decision approving the development strategy of the State Capital Investment Corporation (SCIC) until 2030 with a vision to 2035, as well as the business and investment plan of the firm until 2025, aiming to turn it into a financial investment organisation with the leading equity scale in Vietnam.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
Prime Minister Pham Minh Chinh (standing) addresses the working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management on February 5 (Photo: VNA) 
