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Commission for the Management
of State Capital at Enterprises

Thứ ba, ngày 16 tháng 07 năm 2019

CMSC fulfills tasks assigned by the Government and Prime Minister

02/03/2020

The prime minister’s working group worked with the Commission for the Management of State Capital at Enterprises (CMSC) to inspect the implementation of the tasks assigned by the government and the prime minister.

Deputy chairman of the Government Office and deputy head of the prime minister’s working group Nguyen Cao Luc and CMSC Chairman Nguyen Hoang Anh chair a working session.

The session saw the participation of members from the prime minister’s working group and representatives from the Government Office, the Ministry of Planning and Investment, the Ministry of Home Affairs, the Ministry of Finance, the Ministry of Transport, and the Ministry of Industry and Trade. CMSC Deputy Chairwoman Nguyen Thi Phu Ha and representatives from departments, the Office, the Information Center, groups and corporations also attended the session.

Fulfilling tasks

Reporting to the prime minister’s working group, CMSC Deputy Chairwoman Nguyen Thi Phu Ha said the commission has completed 156 tasks among the 185 tasks assigned by the government and the prime minister, reaching 84.3 percent, while the remaining is currently in progress.

After receiving the role of state capital representative at 19 leading groups and corporations, the commission has handled unfinished work transferred from ministries, and new matters.

CMSC Deputy Chairwoman Nguyen Thi Phu Ha (standing) reports to the prime minister’s working group

Nearly two years since its establishment, the commission has formed a complete organizational structure as prescribed and performed the right of state capital representative at 19 leading groups and corporations.

The commission has actively handled unfinished work transferred from ministries, including complicated and long-standing matters.

In 2019, most of groups and corporations completed trade and production targets assigned by the commission. Revenue, profit, contribution to the state budget and average income of workers increased, while state capital invested in enterprises had been secured and developed. Revenue of 19 groups and corporations reached nearly VND1,479 trillion in 2019, equal to 99.09 percent of the annual plan, up 6.4 percent compared to 2018. Several enterprises have made greater efforts to overcome difficulties to make profits, contributing to the national economic development.

In addition to the achieved results, the commission’s report also highlighted a series of difficulties and obstacles regarding the lack of qualified personnel and the implementation of the right of state capital representative at enterprises. Of which, representative’s authority in approving investment projects in enterprises is not clearly defined in legal documents.

Nguyen Thi Loan, deputy head of the General Department under the Government Office, received reports from a number of groups and corporations, stating 91 recommendations (65 to the government and the prime minister, and 26 to the commission).

Vietnam Electricity (EVN) Board Chairman Duong Quang Thanh (standing)

As the leader of the Vietnam Electricity (EVN), a large enterprise assigned with heavy tasks – ensuring sufficient electricity for production and people’s lives, EVN President Duong Quang Thanh said the group has accomplished 192 of the 209 tasks assigned by the government and the prime minister in 2019.

EVN is working on the remaining 17 uncompleted tasks, including tasks related to electricity supply, tasks to be implemented in many years until the group’s investment projects end, state enterprirse equitization tasks, and tasks related to the withdrawal of state capital from enterprises. EVN proposed that the Prime Minister’s Working Group and the Commission for the Management of State Capital at Enterprises (CMSC) recommend the prime minister to soon issue an instruction on strengthening electricity efficiency, tell ministries and sectors to formulate and promulgate a 2-part electricity price policy, and soon consider and approve policies specifically designed for urgent electricity projects.

Le Minh Chuan, Vietnam National Coal & Mineral Industries Holding Corporation Limited (Vinacomin)

Le Minh Chuan from the Vietnam National Coal & Mineral Industries Holding Corporation Limited (Vinacomin) talked about difficulties in capital approach and investment attraction for power projects in cases of no government guarantee. In addition, enterprises are encountering equitization-related difficulties including land evaluation and post-equitization land use, Chuan said. The Vinacomin representative proposed that the prime minister and ministries have policies specifically designed for electricity projects and soon solve equitization problems.

Pham Ngoc Minh, President and CEO of Vietnam Airlines Corporation

Pham Ngoc Minh, President and CEO of the Vietnam Airlines Corporation said the global aviation industry’s crisis as a consequence of the Covid-19 pandemic is expected to last until the end of May, and Vietnam Airlines is considering production and trading options in accordance with the three scenarios, and has suggested such business promotion measures as tax payment deadline extension.

Vu Anh Minh, Chairman of Vietnam Railways Corporation (VNR)
Nghiem Phu Hoan, Members Council of Vietnam Posts and Telecommunications Group (VNPT)
Nguyen Duc Chi, Chairman of State Capital Investment Corporation (SCIC)

At the meeting, leaders of Vietnam Railways (VNR), VNPT and State Capital Investment Corporation (SCIC) provided their suggestions to the Prime Minister’s Working Group and CMSC.

Recognized efforts

Giving a speech at the meeting, CMSC Chairman Nguyen Hoang Anh said establishment of an agency like CMSC is a major policy of the Communist Party and the state. However, policy and law are the biggest difficulties in this policy realization. In easing this, CMSC worked closely with ministries and sectors to remove obstacles, and is willing to implement more tasks assigned by the government, Anh said.

CMSC Chairman Nguyen Hoang Anh gave a speech at the meeting

According to CMSC Chairman Nguyen Hoang Anh, CMSC will consider establishment of a high-ranking council that consists of leadership representatives from corporations and groups, and have periodic meetings to evaluate done jobs, review difficulties and find solutions to them.

Nguyen Cao Luc, Vice Chairman of the Government Office and Deputy Head of the Prime Minister’s Working Group giving a speech to conclude the meeting

Concluding the meeting, Nguyen Cao Luc, Vice Chairman of the Government Office and Deputy Head of the Prime Minister’s Working Group said this is the woring group’s 83rd inspection and the first meeting with CMSC, aiming to speed up the implementation of tasks assigned by the government and the prime minister, and review and remove difficulties and obstacles in the tasks implementation.

Luc reiterated Prime Minister Nguyen Xuan Phuc’s praisal of efforts by CMSC, corporations and groups, which have significantly contributed to the country’s growth.

He said CMSC has accomplished tasks transferred by ministries and sectors despite difficulties. The commission basically followed and well implemented 16 tasks assigned in accordance with Decree 131. It accomplished most of the 185 tasks assigned by the government and the prime minister since October 1, 2018. Only two tasks were accomplished later than the deadline, and 26 other tasks are being implemented as scheduled.

Luc requested CMSC to urgently fulfill the two overdue tasks, including the review of the implementation of Decree 131 (governing functions, tasks, powers and organizational structure of CMSC). According to Luc, this is something important to ease the problems mentioned at the meeting, apart from development and finalization of a government resolution on easing investment-related difficulties and problems.

The Prime Minister’s Working Group asked CMSC to focus on implementing the remaining tasks, and at the same time deal with enterprises’ recommendations. Ministries and sectors need to urgently respond to proposals of the commission and related ministries, sectors and enterprises. Shifting to a new model of course brings challenges and difficulties, and the working group will summarize issues discussed at the meeting for presentation at the upcoming regular government meeting, Luc said.

Nhat Quang

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Commission for the Managenment of State Capital at Enterprises

Address: 6 Ba Huyen Thanh Quan Street, Ba Dinh District, Ha Noi, Viet Nam

Telephone: 08049558 - Fax: 08049585

Website: www.cmsc.gov.vn

Email: ubqlv@cmsc.gov.vn

License: No.132/GP-TTĐT on July 26th, 2019

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