Prime Minister assigns tasks to Chairman of State Capital Management Committee at Enterprises

On the morning of February 12, in Hanoi, Prime Minister Nguyen Xuan Phuc presented the Decision appointing Mr. Nguyen Hoang Anh, former Secretary of Cao Bang Provincial Party Committee, as Chairman of the State Capital Management Committee at Enterprises, a group of enterprises with a total capital and asset value of about 5.4 million billion VND.

Attending the ceremony to announce the Government's Resolution on establishing the State Capital Management Committee at Enterprises and handing over the Decision to appoint the Chairman of the Committee were Deputy Prime Minister Vuong Dinh Hue and leaders of a number of ministries and branches.

Speaking at the ceremony, the Prime Minister congratulated comrade Nguyen Hoang Anh on being entrusted by the Party and State to head the State capital management agency, an agency with an important role when the Resolution of the 12th National Party Congress, the Resolution of the Central Executive Committee, the Politburo, the Government and the Prime Minister's Decision were issued on the establishment of the Committee as well as the leadership personnel of this agency.

On behalf of the Government, assigning the task and responsibility of managing State capital as well as the responsibility of operating the Committee to Comrade Nguyen Hoang Anh, the Prime Minister emphasized a number of things. First of all, the Prime Minister stated, "Your task is very important because our agency belongs to the Government and is responsible for managing a very large amount of State assets and capital in enterprises". Therefore, the officials and leaders in this agency, especially the Chairman, must do a good job of advising the Government and the Prime Minister on mechanisms and policies to manage investment and business with the highest efficiency of State capital and assets in enterprises.

Another task is to proactively research and coordinate with relevant ministries, branches and localities, and propose to the Party and the State specific solutions to prevent negativity, loss and waste in the system of State-owned enterprises (SOEs) under their management. According to the Prime Minister, corruption in the State sector is still serious. The situation of "backyard" is still large, the situation of family, relatives and clans in SOEs still exists. Therefore, just by minimizing the negativity in SOEs and reducing unreasonable costs, SOEs will make a more important contribution to the country's GDP structure, the Prime Minister emphasized. It is necessary to minimize the situation of "no one cries over public property", "public property of public property", lax management, and lack of strict control mechanisms, leading to very bad consequences in the production and business activities of SOEs.

In the immediate future, the Committee needs to closely coordinate with ministries and branches in developing plans and roadmaps for the necessary work to hand over state-owned corporations and groups from ministries and branches to the Committee.

Emphasizing that there has been a policy of separating State management and capital management for a long time but it has not been implemented, there is no specialized management agency, so there have been some failures at State corporations and groups, the Prime Minister said that now that there is a specialized State capital management committee, ministries and branches must separate this function as soon as possible.

There needs to be a strict handover roadmap, to avoid complications and errors, and to avoid gaps in management.

Complete 2 main tasks well

In the long term, the Committee must successfully complete its assigned core tasks, especially the two main contents: Promoting equitization, divestment and focusing on innovation, improving capacity and operational efficiency in all aspects of SOEs, focusing on State corporations and groups.

The Prime Minister emphasized that the goal and principle of equitization is to be public, transparent, and listed on the stock exchange, “without any ambiguity”, and must bring the highest benefits to the State, with special attention paid to preventing group interests and corruption in all activities and stages of equitization. Lessons learned from the equitization of Vinamilk and Sabeco have clearly demonstrated adherence to this goal and principle.

We must make a clear change in these two key contents and implement both contents simultaneously. Because improving management capacity and operational efficiency will make equitization easier, then there will be buyers at reasonable prices, bringing benefits to the State.

The Prime Minister also emphasized the need to perfect the modern corporate governance system, comply with market principles, and use efficiency as a measure to evaluate the work of managers and employees. Apply modern science and technology, innovate, improve the efficiency of investment capital use, labor productivity, competitiveness, apply new technology, and create a spillover effect on other businesses and the entire economy. State capital management must not be done in the direction of accounting, "just adding and subtracting books", but must be innovative.

Perform well the management function, especially urging, inspecting, controlling, and supervising the activities of affiliated SOEs, "what principles, what regulations, what solutions to clarify responsibilities, ensure transparency in the activities of SOEs". Implement smoothly the reporting information system according to regulations.

Emphasizing the importance of selecting good people, assigning the right people to the right jobs, and leaving no room for corruption and negativity, the Prime Minister stated that:Urgently prepare carefully and thoroughly, do well all aspects of internal work, especially the organization of cadres in the spirit of streamlining, not needing many but ensuring high quality, smooth and effective operation. Do not let departments have unclear functions and tasks, overlap. Do not put cadres into the Committee who do not have sufficient professional capacity, moral and political qualities.

The Prime Minister assigned the Chairman of the Committee to have full authority to select and be responsible to the Prime Minister for personnel work, especially key and core staff of the Committee. As a new agency, the Committee needs to pioneer in innovating management methods.

Regarding coordination with ministries, departments and branches, the Prime Minister requested ministries, departments and branches to support the Committee to soon start operating and successfully complete the assigned tasks. The Prime Minister assigned the Ministry of Planning and Investment to submit in February 2018 a draft Decree regulating the functions, tasks, powers and organizational structure of the Committee. The Ministry of Finance, the Ministry of Planning and Investment and relevant ministries and branches managing State-owned corporations and groups must urgently report on the operations of enterprises expected to be transferred to the Committee; closely coordinate with the Committee in developing plans and roadmaps for necessary work for handover.

Emphasizing the particularly important position of the Committee, the Prime Minister believes that with his experience in business management, National Assembly activities, and leadership of Cao Bang province, Comrade Nguyen Hoang Anh will excellently complete the assigned tasks.

The Prime Minister wished the Chairman of the State Capital Management Committee at Enterprises and the staff and employees of the Committee to overcome initial difficulties, focus their efforts and intelligence, and closely coordinate with sectors and levels to contribute to the restructuring process and improve the efficiency of SOEs.

Accepting the Prime Minister's opinion, comrade Nguyen Hoang Anh stated that, as the head of the Committee, he will do his best for the trust of the Party Central Committee, the Government, the Prime Minister and "above all, the common home of the State Capital Management Committee at Enterprises that generations and the entire political system have worked hard to build".

Comrade Nguyen Hoang Anh determined that in order for the Committee to perform its role well in managing, effectively using, preserving, developing and maximizing the value of assigned State capital, it is necessary to have a team of cadres with sufficient moral qualities, capacity, professional qualifications and an effective organizational apparatus.

At the ceremony, comrade Nguyen Hoang Anh presented a number of groups of solutions that need to be implemented immediately in 2018 and the following years.

As reported, on February 8, the Prime Minister issued a decision to appoint Mr. Nguyen Hoang Anh, former Secretary of Cao Bang Provincial Party Committee, as Chairman of the State Capital Management Committee at Enterprises.

Previously, on February 3, the Government issued Resolution 09/NQ-CP establishing the State Capital Management Committee at enterprises.

This is a government agency that performs the function of representing the owner of enterprises in which the State holds 100% of the charter capital and the State capital invested in joint stock companies and limited liability companies with two or more members according to the provisions of law.

Previously, Prime Minister Nguyen Xuan Phuc signed a Decision to establish the Prime Minister's Working Group to build the Committee. The Working Group has 11 members with Deputy Prime Minister Vuong Dinh Hue as Head of the Group and Mr. Nguyen Hoang Anh as Deputy Head of the Group.

Mr. Nguyen Hoang Anh was born in 1963 in Truong Tho commune, An Lao district, Hai Phong city. He has a Master's degree in economics, majoring in world economics and international economic relations; Bachelor's degree in political theory.

Before being elected as Secretary of Cao Bang Provincial Party Committee, Mr. Nguyen Hoang Anh was a National Assembly Delegate of the 11th and 12th terms of Hai Phong, Vice Chairman of the National Assembly Economic Committee.

From 2010 - 2011, Mr. Nguyen Hoang Anh was a National Assembly Delegate of the 12th term, Provincial People's Council Delegate of the 14th term, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Cao Bang province.

On March 24, 2015, Mr. Nguyen Hoang Anh was elected Secretary of Cao Bang Provincial Party Committee for the 2010-2015 term.