Conference hears of measures in State-owned enterprise restructuring
Restructuring of enterprises calls for consideration of a host of issues, speakers tell recent conference.
Strengthening cooperation with foreign investment funds to mobilize green finance is an important feature of the strategy to restructure State-owned enterprises, speakers told the “Enhancing cooperation with global investment institutions in mobilizing green finance for sustainable development and State-owned enterprise restructuring in Vietnam” conference on November 25.
The conference was held by the Ministry of Foreign Affairs (MoFA), the Committee for the Management of State Capital at Enterprises, and the State Capital Investment Corporation (SCIC), attracting the participation of more than 30 international investment funds and financial institutions.
Minister of Foreign Affairs Bui Thanh Son told the gathering that fluctuations in the global economy are in keeping with emerging trends such as green transformation and reshaping supply and production chains setting new and urgent requirements in the implementation of sustainable development goals. It is therefore essential to establish public-private and multi-stakeholder partnerships towards sustainable development goals.
As the representative agency for State capital in 19 key, large-scale corporations, the Committee for the Management of State Capital at Enterprises is developing and implementing an overall strategy for investment in and the development of enterprises under its management.
Vice Chairman Nguyen Ngoc Canh spoke of three orientations for restructuring State-owned enterprises.
Firstly, it is necessary to effectively mobilize all resources and quickly and sustainably develop corporations and those under the Committee on the basis of science, engineering, technology, and innovation, making an important contribution to the implementation of national construction and development goals in the spirit of the Document from the 13th Party Congress and the ten-year socio-economic development strategy for 2021-2030 with a vision to 2045.
Secondly, the development of corporations needs to be associated with innovation of the growth model, contributing to restructuring the economy towards accelerating industrialization and modernization. The development of products with competitive advantages, high-tech products, products with high added value, and those that are friendly on the environment need to be promoted, to effectively participate in the global production network and value chain.
Thirdly, attracting foreign strategic investors with major capacity and experience to promote technology transfer and business development is crucial. Development and cooperation in renewable energy, new energy, new materials, digital technology, and advanced and modern mining in association with the circular economy and green economy are also important.
