PM asks State-owned groups to bolster development investment

Prime Minister Pham Minh Chinh asked the 19 State-owned groups and corporations to work to boost development investment while chairing a working session with them and the Commission for Management of State Capital at Enterprises (CMSC) to discuss their production and business plans for 2024 on February 5, the Government News has reported.

Investment should focus on three strategic breakthroughs for the country - institutions, infrastructure, and human resources - while renewing three old growth drivers - investment, exports, and consumption - as well as adding new growth drivers such as digital transformation, green transition, the circular economy, and the sharing economy.

They were also requested to review and propose changes to institutions, mechanisms, policies, and laws to enhance their operational efficiency.

The government leader also asked for the restructuring of groups and corporations under approved plans and in line with current development trends.

Total revenue earned by the 19 groups and corporations stood at nearly VND1.13 quadrillion ($46.34 billion) last year, equivalent to 105.15 per cent of the annual plan.