Deputy Prime Minister Nguyen Hoa Binh has just signed and issued Document No. 141/KH-BCDTKNQ18 on the Plan to organize and streamline the Government's apparatus.
The plan clearly states that the operation of the State Capital Management Committee at Enterprises will be terminated, the rights and responsibilities of the State ownership representative for 19 State corporations and groups currently managed by the State Capital Management Committee at Enterprises will be transferred to the sector-managing ministries, and a model of organization under the Government will be studied.
For the Party Committees of some large corporations such as Vietnam Oil and Gas Group PVN, Vietnam Electricity Group EVN, Vietnam Posts and Telecommunications Group, Vietnam National Coal and Mineral Industries Group, Vietnam Railway Corporation, Vietnam Expressway Development and Investment Corporation... the Party organization was transferred to be directly under the Government Party Committee.
End the operation of the National Financial Supervision Committee, transfer the tasks to the Ministry of Finance and Development Investment or the Ministry of Economic Development, the State Bank of Vietnam and relevant agencies.
To implement this plan, it is expected that the Committee's tasks will be transferred to the Ministry of Finance and Development Investment or the Ministry of Economic Development, the State Bank of Vietnam to perform the task of coordinating and supervising the financial market (including: securities, insurance, banking).
In the context that specialized laws are assigning responsibilities to ministries and branches to perform specialized supervision functions (the Ministry of Finance supervises the securities and insurance markets; the State Bank of Vietnam supervises banking activities), it is necessary to establish an inter-sectoral coordination organization headed by the Government leader to direct general supervision and coordination activities for the financial market.
At the 2024 year-end conference of the State Capital Management Committee at Enterprises on December 6, Deputy Prime Minister Ho Duc Phoc said that currently the management model of the State Capital Management Committee at Enterprises is not stipulated in the law but operates based on a decree. This causes the apparatus structure to be multi-layered, without synchronous coordination with ministries and branches, leading to inadequacies in management...
Therefore, the Commission's merger and separation to streamline the apparatus as required by Resolution 18 will help businesses truly grow and create breakthroughs.
Thus, a part of the Committee will be transferred to the Ministry of Finance, a part will be transferred to the ministries. Therefore, regarding the issue of enterprise management, the Government is currently synthesizing opinions, then the Committee will meet with enterprises and ministries about the arrangement.
The view is to bring enterprises back to the ministries and sectors, including the staff and management system, but the relationship between capital management and sector management, between owners and capital managers must be most effective. This is an issue that will be done and must be done very quickly, and must be completed before February 25, 2025.
The Committee shall carry out mergers and separations in the most scientific and effective manner, avoiding disruption and causing confusion among staff. In particular, the work of the units must not be interrupted, and it is necessary to continue to improve the efficiency of State capital management, so that State-owned enterprises can be "iron fists", apply information technology, and attract resources.
