This is one of the contents mentioned in Resolution No. 79-NQ/TW of the Politburo on state economic development.
In Resolution No. 79, the Politburo has listed specific groups of tasks and solutions, including tasks and solutions for the state budget, national reserves and state financial funds outside the budget, state capital in enterprises held by the State from 50% or less of charter capital.
Regarding non-budget state financial funds, Resolution 79 clearly states the requirement to continue to improve the institutional framework, enhance the efficiency and effectiveness of management of non-budget state financial funds.
Review, merge, and dissolve overlapping, inefficient, and unsuitable non-budget funds; reduce focal points to increase scale and improve the efficiency of fund capital use; strengthen inspection and supervision of the management and use of funds; promote digitization, publicize information and operating results.
Strengthen the mechanism of entrusting financial management of the fund to banking organizations and professional financial companies; state agencies should only focus on building criteria and conditions for mobilizing and disbursing capital from the fund. Strengthen the mobilization of socialized resources and reduce dependence on the budget.
Do not form new state financial funds outside the budget, except in urgent and urgent cases as requested by the Politburo and the Party Central Committee.
For state capital in enterprises held by the State from 50% or less of charter capital, Resolution 79 stipulates the requirement to transfer state capital invested in enterprises held by the State from 50% or less of charter capital to enterprises with business functions and state capital investment, state-owned enterprises in the same industry to manage, invest in development, and fulfill owner's responsibilities for state capital contributions in enterprises (restructuring, supplementing capital or divestment), ensuring the efficiency of state investment capital.
