Five years of operation of the Committee for Management of State Capital at Enterprises | Finance

Politburo member, Prime Minister Pham Minh Chinh attended the Conference to review the work in 2022 and deploy the orientation and tasks in 2023 of the Vietnam Oil and Gas Group. (Photo: VNA)

On the basis of theoretical research and practical summaries, our Party has had many guidelines and orientations on reorganization, innovation, development and improvement of the efficiency of State-owned enterprises, including model renewal. exercise the right to represent the owner of State capital in the enterprise.

Prior to the establishment of the Committee for the Management of State Capital at Enterprises (hereinafter referred to as the Committee), the ministries, branches and localities both performed the state management function and acted as the representative of the state owner. For Businesses.

However, along with the process of socio-economic development associated with innovation and deep and wide international integration, this method has revealed many shortcomings, such as the lack of separation between policy issuance and business management. leading to the situation of “playing football and blowing the whistle,” not creating an equal and fair environment for businesses of all economic sectors; the inspection and supervision are still loose and not timely prevented, leading to many violations in State-owned enterprises; Ministries and agencies are overloaded with work, affecting the quality of policy formulation, improve the business environment and perfecting the socialist-oriented market economy institution…

Resolution No. 12-NQ/TW, dated June 3, 2017, of the 5th Plenum of the 12th Central Committee, “On continuing to restructure, innovate and improve efficiency state enterprises“Propose solutions to overcome these inadequacies, associated with the policy of separating the function of property owners, State capital and state management function for State-owned enterprises, soon abolish the function of representing the State owner of ministries and localities for state capital and assets in enterprises and establish an agency. in charge of acting as the owner’s representative for State-owned enterprises.

On February 3, 2018, the Government issued Resolution No. 09/NQ-CP, “On the establishment of the Committee for the Management of State Capital at Enterprises” and Decree No. 131/2018/ND-CP, dated 29/02. September 2018, “Regulating functions, tasks, powers and organizational structure of the Committee for the Management of State Capital at Enterprises.”

Accordingly, the Committee is an agency under the Government; perform the functions, tasks, powers and responsibilities of the State owner’s representative agency for 19 state corporations and corporations (formerly under 5 ministries), with the total equity accounting for nearly 63% and total assets account for nearly 65.3% of all state-owned enterprises in the country.

[Thủ tướng: Doanh nghiệp nhà nước vẫn chưa thể hiện tốt vị thế]

After nearly 5 years of establishment and operation of Committee for Management of State Capital at Enterprisesgot some results:

first, has separated the function of representing the owner of State capital in enterprises of 5 ministries so that the ministries focus on State management tasks; ensure the timely and effective promulgation of mechanisms, policies and laws and improve the quality of state management.

Monday, forming a specialized agency to perform the function of representing the owner of state capital in 19 state-owned groups and corporations operating in 16 important and key sectors and fields of the economy. Initially focus, unify and improve the professionalism and efficiency of the specialized agency.

The model of a specialized agency is a State agency that ensures the State’s role in directing State-owned enterprises to both ensure efficient production and business activities and perform political tasks- society. Basically overcome the situation that a number of tasks under the responsibility of the representative agency have not been fully performed and have been backlogged over many years, such as approving the salary fund for implementation, assessing and classifying enterprises. , assessment and classification of the level of task completion of business managers, financial regulations, approval of financial statements, personnel work, divestment, equitization…

Up to now, the Committee has completed and handled most of the 259 jobs under the responsibility of the owner’s representative agency for enterprises, which are still unfinished and backlogged over many periods.

Tuesday, receive and fully perform the tasks of the standing body of the Steering Committee to handle projects and enterprises that are behind schedule and inefficiently in the industry and trade; advised the Steering Committee to report to the Government Party Personnel Committee to propose to the Politburo to agree on the policy:

– Take 5 projects and enterprises out of the monitoring list of the Steering Committee, assign them to proactively handle them according to their competence and regulations of law (in 2021);

– There are 3 projects, fertilizer production enterprises are loaned to continue production and business activities, generate cash flow to repay bank loans, supply fertilizer products to the market, and create jobs for farmers. workers…; at the same time, continue to research and propose solutions for the remaining projects and enterprises.

Male male member of the Board of Directors of the National Office of the National Assembly 2The Central Power Corporation under EVN, directs its member power units in the Central – Central Highlands region to inspect, review, repair and prepare plans to ensure safe and uninterrupted power supply. continuously, reliably serving production and consumption for customers. (Photo: VNA)

Wednesday, upholding the principle of law observance and preservation and development of State capital; strengthening corporate financial supervision; strictly supervise and control the implementation of large investment projects, restructuring, equitization and divestment of state capital. Many investment projects have been removed from difficulties and implemented, typically 10 large and important projects behind schedule for many years, with a total investment of 259,000 billion VND.(1); remove difficulties to continue implementing Thai Binh 2 Thermal Power Plant Project.

The operation results of 19 groups and corporations after 5 years of transferring to the Committee were not interrupted; production, business and investment activities develop continuously and stably, completing the annual plan; total value of State capital is preserved and developed; total revenue, profit, budget payment, value of realized development investment capital and average income of employees increase; continue to play a pivotal role in a number of industries and fields, contributing to ensuring major balances and stabilizing the macro-economy; contribute to the construction and development of the infrastructure system; creating a driving force for development of industries, fields and the whole economy (2).

The above results have confirmed that the policy of establishing the Committee is correct and consistent with the nature, characteristics, position and role of state-owned enterprises and the direction, objectives and tasks of the State-owned enterprises. renew and improve the efficiency of state-owned enterprises of the Party and the State.

In the coming time, it is necessary to improve the functions, tasks, powers and responsibilities of the Committee and focus on performing the following tasks:

– Directing the formulation and approval of strategies and plans for production, business, investment and development of enterprises;

– Inspect, supervise and evaluate the effectiveness of enterprises in implementing strategies and plans for production, business, investment and development; preserving and developing State capital; perform political tasks assigned by the State at enterprises;

– Act as the focal point to coordinate with relevant agencies to solve difficulties and problems in the operation of enterprises;

– Key management staff of the enterprise according to regulations. At the same time, studying and proposing amendments and supplements to the Law on Management and Use of State Capital invested in production and business in enterprises in 2014 in order to promote the assignment and decentralization to the Commission and authorized enterprises. delegated management, thereby, increasing the initiative and self-responsibility in performing the assigned tasks./.

(1) Oil and gas exploration and production project of 4 blocks in Nhenhexky Autonomous Region – Russian Federation; Hoa Binh Power Plant Expansion Project; Expansion of Ialy Power Plant Project; O Mon IV Power Plant Project; Van Phong 500KV transmission line project; Vinh Tan; Project on underground mining below 150 Mao Khe coal mine; Component Project 3 Long Thanh International Airport; Project of Passenger Terminal T3 Tan Son Nhat International Airport; Dien Bien Airport Expansion Project; Noi Bai International Airport passenger terminal expansion project…

(2) Summary of the results of the implementation of the targets assigned to the parent company of 19 groups and corporations: Total revenue is estimated at 1,123,334 billion VND (equivalent to 114% of the plan and 133% compared to the plan). with 2021); Except for Electricity of Vietnam (EVN) which had a loss due to not being allowed to increase electricity prices, the total profit before tax of 18 groups and corporations was estimated at 39,219 billion VND (equivalent to 173% of the plan and equal to 117% of the year). 2021).

In which, 15/19 groups and corporations completed and exceeded the revenue plan; 17/19 groups and corporations completed and exceeded the plan in terms of profit before tax; 16/19 corporations and corporations have completed and exceeded the plan for payment to the State budget

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