Hanoi (VNS/VNA)- The operation of State-owned enterprises (SoEs) will be performed in anonline management system according to the standards of the Organisation forEconomic Co-operation and Development starting in January 2019.

This information was released by the Chairman of the State Capital ManagementCommittee (SCMC) Nguyen Hoang Anh at the seminar held in the northern provinceof Quang Ninh on December 14 on applying Industry 4.0 technology to assessSoEs’ business, production and financial performance.

The online management system will connect all 19 SoEs so the SCMC can beregularly updated on capital, production, labour productivity, commodity outputand input as well as changes in personnel and tax payments.

Anh asked SoEs to co-ordinate with the committee and inform it of any problemsquickly to get direction and support.

“Enterprises must implement the electronic connection with the committee toensure accurate, complete and fast information in order to minimise costs andimprove the effectiveness of supervision and direction according to the tasksassigned by the Government and the Prime Minister,” said Anh.

In 2019, the committee would supplement individual indicators for each area,ensuring continuous updates on the enterprises’ operations, Anh said.

Ngo Dien Hy, the General Director of the Vietnam Posts and TelecommunicationsGroup’s Information Technology Company, said that if corporations would not goin the direction of digital technology, Vietnam would be left behind by othercountries in the region and the world.

“The Fourth Industrial Revolution will not stop, and any hesitation can be anerror that holds us back in the marketplace,” said Hy.

Also at the seminar, representatives from large corporations such as FPT andViettel shared ideas on the development orientation of information technologyin the supervision of State capital investments.

The SCMC was set up under the Government’s Resolution No 09/NQ-CP and has beenin operation since October 1 this year. It manages State capital ownership inSoEs.
This is a major taskbecause the 19 SoEs are all large and are core businesses of the economy, withtotal assets of more than 2.3 quadrillion VND (99 billion USD), equaling nearly42 percent of the country’s GDP, of which the ownership capital accounted fornearly 50 percent.

Anh said the committee was determined to promote the application of informationtechnology, and it had begun to build a set of indicators and software tomonitor and evaluate the status of the SoEs.

The committee is currently testing the connection between indicators andbusinesses. This system will minimise the time required to prepare, submit andaggregate reports thanks to the specialised software for data analysis andprocessing.

Businesses and people can access the software package at//kpi.cmsc.gov.vn. –VNS/VNA