'State-owned enterprises need to continue to demonstrate their leading role in a number of key areas'

On the morning of October 10, at the Presidential Palace, President Nguyen Xuan Phuc met with leaders of outstanding State-owned enterprises in production, business and Party building activities.

According to the report of the Party Committee of the Central Enterprises Bloc, with 38 affiliated Party Committees, the entire Party Committee of the Bloc currently has nearly 88,000 Party members. In the past 9 months, enterprises and banks in the Bloc continued to maintain a good pace of production and business, with high growth compared to the same period last year. Total revenue of the whole Bloc is estimated at 1.54 million billion VND, up nearly 39%; the total state budget contribution of the whole Bloc is estimated at nearly 225 thousand billion VND; up nearly 24%; enterprises in the Bloc have supported the prevention and fight against COVID-19 with nearly 32,200 billion VND; and participated in social security work with nearly 5,000 billion VND.

At the meeting, business leaders reported to the President on the results of Party building, digital transformation; banking credit activities; ensuring energy security; ensuring food security; providing telecommunications services, etc.

The President hopes that State-owned enterprises will continue to demonstrate their leading role in a number of key areas.

Speaking at the meeting, President Nguyen Xuan Phuc praised and highly appreciated the Party Committee of the Central Enterprises Bloc, the Party Committees of corporations, general companies and banks in the Bloc for leading and directing the units to strengthen Party building work; solidarity, high determination, achieving good results in performing political tasks. The role of Party organizations in enterprises and corporations is respected and promoted but not replaced, not loosening inspection and supervision; performing well the work of cadres, ensuring grassroots democracy; thoroughly implementing the Resolutions and Directives of the Party; performing well the work of preventing and combating corruption; always paying attention to workers.

President Nguyen Xuan Phuc highly appreciated the corporations, general companies, and state-owned commercial banks in the Bloc for always playing a core and leading role in a number of key sectors and fields of the economy; being an important tool for the State to regulate, ensure major balances of the economy, stabilize the macro-economy; always contributing more than 20% of the total annual national budget revenue; always taking the lead in implementing social security activities.

President Nguyen Xuan Phuc takes a photo with leaders of state-owned enterprises.

The President emphasized that state-owned enterprises not only solve socio-economic development challenges but are also the "flag" to protect the ideals and path of socialism.

Pointing out a number of shortcomings and challenges facing State-owned enterprises, President Nguyen Xuan Phuc suggested that the Party Committee of the Central Enterprises Bloc continue to thoroughly grasp and direct the implementation of the Party's Resolutions and directives in the coming time; promote Party building work; perfect the Party organization model to ensure synchronization with the scale and requirements of performing the tasks of enterprises in an appropriate manner. The Party Committee of the Bloc and the Party Committees of enterprises should pay attention to monitoring and correcting weaknesses and losses in State-owned enterprises, preventing negativity from occurring. Continue to promote enterprise restructuring, promote digital transformation, and apply science and technology.

Along with that, it is necessary to promote research and analysis of domestic and international situations, make realistic forecasts to take advantage of opportunities, reduce risks and challenges, and improve production and business efficiency. Especially when the country is in the context of economic recovery after the pandemic, the President emphasized that the role of corporations and state-owned enterprises has become even more important. Requesting that enterprises and corporations continue to take the lead in implementing social security work, the President also noted the need to separate and clarify to correctly determine production and business efficiency.

Leaders of corporations and general companies attended the meeting.

Regarding some tasks in the coming time, President Nguyen Xuan Phuc requested that the executive apparatus and management system must be improved and upgraded, applying modern management standards, training and fostering qualified human resources, improving processes, enhancing autonomy and discipline to increase the competitiveness of corporations and general companies. Accordingly, it is possible to issue indicators to monitor and evaluate production and business efficiency. Units also need to take the lead in research, development and technological innovation, building an ecosystem of small and medium-sized enterprises around them, forming value chains. The President also noted that enterprises need to proactively integrate and reach out to international competition. The key role of corporations is to focus on the domestic market, as a springboard to reach out to integrate and connect with regional and global value chains. In carrying out political tasks, state-owned enterprises need to contribute to creating a foundation for development in difficult areas, and focus on investing in areas and areas where the private sector does not want to invest.

In the context of economic recovery, the President also requested corporations to continue to contribute to maintaining macroeconomic stability, ensuring security for the economy, especially energy security, food security, and environmental protection; pay attention to building corporate culture and business ethics; and increase direct dialogue with workers to contribute to resolving problems regarding regimes and policies related to the legitimate rights and interests of workers.

Listening to the recommendations of business and corporate leaders at the meeting, President Nguyen Xuan Phuc said he would assign the relevant agencies to review and propose solutions./.