Meeting to discuss the termination of the State Capital Management Committee

PHẠM ĐÔNG |

The Government has given its opinion on the plan to end the operation of the State Capital Management Committee at Enterprises and transfer its tasks to another agency.

On January 2, at the Government Headquarters, Prime Minister Pham Minh Chinh, Head of the Government Steering Committee on "Summing up the implementation of Resolution No. 18-NQ/TW on continuing to innovate and reorganize the apparatus of the political system to be streamlined and operate effectively and efficiently" chaired the 7th meeting of the Steering Committee.

Since the previous meeting, in a short time, members of the Steering Committee, ministries and branches have actively and urgently implemented tasks and completed many tasks, notably agreeing on the plan to merge and consolidate ministries, branches and agencies.

In particular, ministries and agencies have basically completed plans to arrange and streamline their internal apparatus to submit to the Government.

At the 7th meeting, the Steering Committee focused on reviewing the work that has been implemented and discussing the contents to continue reporting to competent authorities in the coming time; giving opinions on the plan to end the activities of the State Capital Management Committee at enterprises and transferring the Committee's tasks to other agencies; and some other contents.

In his directive speech, Prime Minister Pham Minh Chinh requested the Ministry of Justice to preside over and develop a resolution to submit to the National Assembly for promulgation on handling problems and issues arising in relation to the reorganization of the apparatus, especially documents that, if not promptly revised, will affect people, businesses, the economy, and hinder development.

Regarding the model and method of governance and management of corporations, general companies and state-owned enterprises, the Prime Minister requested to summarize good models, good experiences and effective methods that have been in practice, and to study and select the most optimal solution.

At the same time, the Prime Minister emphasized that no matter which agency exercises the rights and responsibilities of the State owner representative, it must assign tasks to enterprises and give more power to the board of members.

Authorities focus on developing strategies, plans, schemes, institutions, mechanisms, policies, laws, implementing personnel work and designing inspection and supervision tools.

Previously, according to the plan, the State Capital Management Committee at Enterprises (CMSC) would end its operations and transfer the right to represent state ownership of 19 state-owned corporations and groups to the industry management ministries, and study the organizational model under the Government.

At the year-end conference held in early December 2024, Mr. Nguyen Hoang Anh - Chairman of CMSC - shared about the committee's activities and expectations about staff arrangement.

Referring to the policy of innovation and reorganization of the apparatus, Mr. Nguyen Hoang Anh officially announced that the committee will end its activities and change its functions. The committee has met and established a steering committee and implemented the contents according to the Government's instructions.

The total consolidated revenue of 19 corporations and general companies in 2024 is estimated to reach more than 2 million billion VND, equal to 120% of the annual plan and 10% over the same period.

Consolidated pre-tax profit is estimated at VND111,692 billion, equal to 158% of the yearly plan and 156% over the same period.

Notably, this year, the Vietnam Oil and Gas Group (PVN) continued to set a new record when it exceeded the annual plan for total consolidated revenue, estimated at over VND966,000 billion, exceeding the annual plan by 32%, up 3% over the same period last year. PVN's consolidated pre-tax profit is estimated at VND48,900 billion, exceeding the annual plan by 2.2 times.

EVN's revenue is estimated at VND575,000 billion, up 13.7% over the previous year. MobiFone's consolidated pre-tax profit is estimated at VND2,048 billion, exceeding the yearly plan by 20.6%.

PHẠM ĐÔNG
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