On the morning of March 7, Central Party Committee member and Deputy Prime Minister Ho Duc Phoc met with ministries, branches and enterprises on the draft Law on Management and Use of State Capital invested in production and business at enterprises.
After listening to the report of the Ministry of Finance - the drafting agency - a representative of the Vietnam Oil and Gas Group (PVN) proposed the scope of regulation, it is advisable not to put secondary enterprises under the management of this law.
PVN representative also commented on decentralization, the form of state capital management invested in enterprises in the condition of giafying only managing to F1; proposed strong decentralization to the board of members, the board of directors; proposed to supplement regulations on risk handling; have a mechanism to evaluate enterprises throughout the process to accurately reflect the activities of enterprises.
Representatives of Vietnam Electricity Group (EVN) also commented on decentralization of investment decision-making authority; authority to approve annual production and business plans, 5-year plans; F2 management mechanism to increase autonomy, self-determination, self-responsibility of enterprises; and development investment fund management mechanism.
A representative of the Maritime Corporation (Vinaline) said that this Law should only regulate a framework, promote decentralization to the Government; clarify the content of the concept of Development Investment Fund;
Vietnam Railway Corporation believes that the Ministry of Finance has basically received comments from businesses; agreed to only regulate management to F1; businesses decided on salary issues themselves.

At the meeting, the representative of the Airlines Corporation agreed that it should only manage F1, clearly defining the responsibilities of the board of directors and members for F2 management.
Viettel Group believes that the drafting agency has received many comments from businesses to include in the draft, especially regulations on salaries, authority to decide on production and business, investment in the fields of science, technology and innovation.
Viettel also agrees with the recommendations of other enterprises on the subjects of application (should only be managed with F1); the authority to approve annual production and business plans.
The Ministry of Agriculture and Environment commented on the management regulations for adding assets that are infrastructure to capital; clarifying the rights and responsibilities of owners, owners' representatives; the authority to decide on the arrangement and merger of state-owned enterprises according to the capital scale.

Concluding the meeting, Deputy Prime Minister Ho Duc Phoc requested the drafting agency to fully and fully absorb the opinions of businesses and ministries; complete the draft and send it to the Government before March 11.
The Deputy Prime Minister emphasized the viewpoint of designing laws for management according to "cash flow", strengthening decentralization and delegation of authority; The amended Law must inherit valuable contents in current laws.
Regarding the content, the Deputy Prime Minister stated his opinion: The amended Law must ensure the principle that "wherever there is state capital, it must be managed. The problem is to have an appropriate and effective form of management".
Regarding the concept, the Deputy Prime Minister requested the drafting agency to clearly define the concept of state capital in enterprises and the concept of state budget.
The Deputy Prime Minister said that state capital owners only manage it with F1 enterprises. From F2 and below, it is assigned to the representative of the state capital owner to manage, to increase autonomy, self-responsibility, promote creativity and initiative.