Prime Minister Phạm Minh Chính chairs a conference on solutions to innovate the operation of the Committee for Management of State Capital at Enterprises and effectively promote investment resources of State groups and corporations. VNA/VNS Photo Dương Giang

HÀ NỘI — State-run groups and corporations must operate effectively to contribute to building an independent and self-reliant economy, Prime Minister Phạm Minh Chính said on Saturday.

Chairing a conference on solutions to innovate the operation of the Committee for Management of State Capital at Enterprises (CMSC) and effectively promote investment resources of State groups and corporations, the Government leader said the CMSC and the 19 groups and corporations it manages must make effective contributions to ensuring macroeconomic stability and major balances, controlling inflation, and promoting growth.

Attention should be paid to three growth drivers of domestic consumption, investment and export, he said, adding groups and corporations should uphold the responsibility and role of their heads in promoting investment and expanding investment in innovation and creativity, with a focus on emerging industries, and major and key projects; and continue to restructure enterprises and transform management models to adapt to new conditions and the situation of the country.

The PM pointed out that the activities of the committee and the 19 groups and corporations still have many limitations and difficulties, and they have failed to bring into play the 63 per cent of capital resources and the 65 per cent of assets of State-owned enterprises nationwide that they are holding.

He asked ministries, sectors and localities to promptly remove bottlenecks in the investment of enterprises, speed up the formulation of strategies and master plans for the development of sectors and fields, and associate the development strategies of State-owned enterprises with the development of these sectors and fields in order to make the most of the important resources of the country.

It is necessary to supervise the exercise of rights, functions and duties of the CMSC to avoid causing corruption, other negative phenomena, and loss of capital and property of the State, the Government leader said.

As of 2022, the 19 groups and corporations managed by the CMSC had guaranteed about 87 per cent of electricity, 50 per cent of petrol for retail sale, 100 per cent of dry gas, 70 per cent of liquefied petroleum gas, 70 per cent of fertilisers, 45 per cent of mobile subscriptions, 49 per cent of domestic air passenger transport, 16 per cent of sea freight management, and 100 per cent of railway transportation. VNS