HÀ NỘI — The operation of State-owned enterprises (SoEs) will be performed in an online management system according to the standards of the Organisation for Economic Co-operation and Development starting in January next year.

This information was released by the Chairman of the State Capital Management Committee (SCMC) Nguyễn Hoàng Anh at the seminar held in the northern province of Quảng Ninh on Friday on applying Industry 4.0 technology to assess SoEs’ business, production and financial performance.

The online management system will connect all 19 SoEs so the SCMC can be regularly updated on capital, production, labour productivity, commodity output and input as well as changes in personnel and tax payments.

Anh asked SoEs to co-ordinate with the committee and inform it of any problems quickly to get direction and support.

“Enterprises must implement the electronic connection with the committee to ensure accurate, complete and fast information in order to minimise costs and improve the effectiveness of supervision and direction according to the tasks assigned by the Government and the Prime Minister,” said Anh.

In 2019, the committee would supplement individual indicators for each area, ensuring continuous updates on the enterprises’ operations, Anh said.

Ngô Diên Hy, the General Director of the Việt Nam Posts and Telecommunications Group’s Information Technology Company, said that if corporations would not go in the direction of digital technology, Việt Nam would be left behind by other countries in the region and the world.

“The Fourth Industrial Revolution will not stop, and any hesitation can be an error that holds us back in the marketplace,” said Hy.

Also at the seminar, representatives from large corporations such as FPT and Viettel shared ideas on the development orientation of information technology in the supervision of State capital investments.

The SCMC was set up under the Government’s Resolution No 09/NQ-CP and has been in operation since October 1 this year. It manages State capital ownership in SoEs.

This is a major task because the 19 SoEs are all large and are core businesses of the economy, with total assets of more than VNĐ2.3 quadrillion (US$99 billion), equaling nearly 42 per cent of the country’s GDP, of which the ownership capital accounted for nearly 50 per cent.

Anh said the committee was determined to promote the application of information technology, and it had begun to build a set of indicators and software to monitor and evaluate the status of the SoEs.

The committee is currently testing the connection between indicators and businesses. This system will minimise the time required to prepare, submit and aggregate reports thanks to the specialised software for data analysis and processing.

Businesses and people can access the software package at https://kpi.cmsc.gov.vn. — VNS