State firms should contribute more to development in disadvantaged localities: President
State-owned enterprises should play a more active role in promoting the development in disadvantaged localities, President Nguyen Xuan Phuc said on October 10.
President Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – State-owned enterprisesshould play a more active role in promoting the development in disadvantagedlocalities, President Nguyen Xuan Phuc said on October 10.
At a meeting with leaders of outstanding State firmsin Hanoi ahead of Vietnam Entrepreneurs Day (October 13), the leader stressed thatthe enterprises have helped to deal with socio-economic challenges whileplaying the pioneering role in protecting socialism.
The leader lauded the Party Committee of the CentralBusiness Bloc, and Party Committees of groups, corporations and banks in thebloc for their leadership in Party building and the fulfillment of politicaltasks.
The businesses contribute more than 20% of thenational budget collection annually, and take the lead in social welfare, he emphasised.
Pointing to limitations and challenges to the Statefirms, the President asked the Party Committee of the Central Business Bloc and Party organisationsto work harder in order to prevent losses and negative phenomena.
President Nguyen Xuan Phuc and delegates pose for a group photo. (Photo: VNA)
He also urged the enterprises toaccelerate restructuring, digital transformation and scientific-technological application,and make better forecast based on domestic and world situation analysis to makeuse of opportunities and reduce risks.
The business administration system should be upgraded to meet modern standards, and competitiveness of the enterprises improved, he said, suggesting the issuance of indexes to monitor and evaluateproduction and business efficiency.
Phuc noted that the State firms should take the leadin research and innovation, build an ecosystem of small- and medium-sized enterprises,form value chains, and optimise the domestic market to integrate into theworld.
He called for more contributions from the firms tomaintaining macro-economic stability and ensuring security for the nationaleconomy, particularly energy and food security, and environmental protection.
The Party Committee reported that the combinedrevenue of the entire bloc in the first nine months of this year was estimatedat 1.54 quadrillion VND (64.47 billion USD), up nearly 39%.
The enterprises contributed nearly 225 trillion VNDto the State budget, a rise of some 24%.
Notably, they provided nearly 32.2 trillion VND forthe COVID-19 fight and contributed close to 5 trillion VND to social welfare./.
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President Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) 
President Nguyen Xuan Phuc and delegates pose for a group photo. (Photo: VNA) 
