On December 6, in Hanoi, the State Capital Management Committee at Enterprises held a conference to review the work in 2024; directions and tasks for 2025 of the Committee and 19 state-owned corporations and groups. Mr. Ho Duc Phoc - Member of the Party Central Committee, Deputy Prime Minister attended and delivered a speech at the conference.
Deputy Prime Minister Ho Duc Phoc highly appreciated the results achieved by the Committee, when total revenue this year increased by 7% compared to the same period, budget contribution also increased by 5%. Many enterprises and corporations have made efforts to overcome difficulties, exceeding the set plan, contributing to the development of the country.
The Deputy Prime Minister also mentioned Resolution No. 18 of the Party Central Committee on streamlining and organizing the apparatus to be lean and efficient.
According to the plan, the State Capital Management Committee at Enterprises will end its operations and transfer to the Ministry of Finance and other units. The Deputy Prime Minister suggested that the Committee should meet with corporations, general companies, and ministries to discuss how to arrange them to ensure efficiency and suitability.
"Regarding the issue of enterprise management, we are currently synthesizing opinions. The Capital Management Committee will meet with enterprises and ministries to discuss how to arrange it. The point of view is to bring enterprises back to the ministries and of course the staff system will follow, but the relationship between capital management and industry management and the relationship between owners and capital managers, this is an issue that must be taken into account to ensure the most effective operation" - Deputy Prime Minister Ho Duc Phoc emphasized.
The Deputy Prime Minister affirmed that "this is an issue that needs to be done and must be done quickly". The Government leader requested the Committee to focus on this in the most scientific and effective way, avoiding hesitation and confusion. The work must not be interrupted.
Reporting at the conference, Mr. Nguyen Ngoc Canh - Vice Chairman of the State Capital Management Committee at Enterprises said that the operations of 19 corporations and general companies after 5 years of being transferred to the Committee have developed continuously and stably, completing annual plans; the total value of state capital has been preserved and developed.
Despite the difficulties in nearly 3 years affected by the COVID-19 pandemic, total revenue, profit, payment to the state budget, value of implemented development investment capital and average income of workers have all increased.
To date, the total equity of 19 corporations and general companies has reached VND 1.18 million billion (up 11% compared to 2018); total assets have reached VND 2.54 million billion (up 5%); total consolidated revenue has reached VND 1.85 million billion (up 44%). Total state budget contribution in the 2018-2023 period has reached VND 1.28 million billion, accounting for an average of 10-12% of the country's total annual state budget revenue.
According to Mr. Canh, many enterprises that have suffered losses for many years or were at risk of losing money when transferred to the Committee, after restructuring and replacing key leaders, have now been operating profitably in production and business, such as: Vietnam Chemical Group, Corporations: Highway Investment and Development, Vietnam Maritime, Southern Food, Vietnam Coffee, Vietnam Railways...
