Deputy Minister of Finance Nguyen Huu Tam emphasized the above content at the Conference of the Prime Minister working with state-owned enterprises (SOEs) with the theme "State-owned enterprises pioneering in digital transformation and promoting growth".

In every challenge there is opportunity.

According to Deputy Minister of Finance Nguyen Huu Tam, in recent years, SOEs have achieved many positive development results, making important contributions to economic growth, state budget revenue, and the development of industries, sectors, and localities. In 2024, the total assets of 671 SOEs (473 enterprises with 100% state capital and 198 enterprises with more than 50% state capital) will reach over VND5.6 trillion, up 45% compared to 2023; equity will reach nearly VND3 trillion, up 61%, total revenue will reach nearly VND3.3 trillion, up 24%, pre-tax profit will reach nearly VND227.5 trillion, up 8%, and state budget contributions will reach nearly VND400 trillion, up 9%.

In 2025, the Ministry of Finance reported to the Prime Minister to propose assigning growth targets to SOEs and requested that the ownership agencies assign a growth target of 8% or more in 2025 to enterprises under their management.

Implementing Directive No. 07/CT-TTg dated February 22, 2024 of the Prime Minister, state-owned enterprises are also developing and implementing digital transformation plans at enterprises and proactively participating in the action program on science and technology, innovation and national digital transformation. With the leadership and determination of the Government, state-owned enterprises and enterprises with state capital such as EVN Group, PVN, TKV, VNPT, Viettel, MobiFone Telecommunications Corporation, etc. are vigorously carrying out digital transformation activities.

However, in addition to the achieved results, SOEs still have some shortcomings in implementing digital transformation and innovation; operational efficiency is not commensurate with the resources held; competitiveness and science and technology are still limited; business management tools are slow to innovate.

SOEs also face obstacles from technology, not yet mastering core technologies of digital transformation, basic platform systems; difficulties from investment capital, especially in the field of innovation requiring large financial and human resources while not completely sure about efficiency, facing the risk of failure; challenges from business awareness, leadership thinking, from traditional strategy and thinking to effective digital technology business strategy and thinking.

Along with the increasingly complex and unpredictable world situation; the global economic outlook is declining, even at risk of economic recession; many new developments are continuously emerging, especially the US's tariff policy with other countries, making the situation even more difficult and challenging, forecast to have a significant impact on the macro economy and traditional growth drivers of investment, consumption, export of our country, production and business activities of enterprises and people in the coming time.

However, the leaders of the Ministry of Finance recognized that in difficulties and challenges, there are always opportunities. If we seize them, difficulties and challenges will turn into driving forces to restructure the economy, rapidly develop modern production forces based on science and technology, innovation and national digital transformation in the spirit of Resolution No. 57-NQ/TW of the Politburo.

In particular, SOEs need to further promote their resources, demonstrate their leading role in a number of key production and business sectors and affirm their pioneering position in digital transformation in sectors and fields such as digital infrastructure, telecommunications infrastructure, finance - banking, energy, logistics, transport infrastructure, processing and manufacturing industries, etc. to create a spillover effect, contributing to promoting economic growth and developing the business community nationwide.

Focus on 6 solutions to pioneer digital transformation

According to the Ministry of Finance, to thoroughly implement Resolution No. 57-NQ/TW of the Politburo, Resolution No. 03/NQ-CP of the Government on the Action Program to implement Resolution No. 57-NQ/TW, Resolution No. 25/NQ-CP, Directive No. 09/CT-TTg of the Prime Minister, SOEs, with the spirit of "open institutions, smooth infrastructure, smart governance", must proactively develop specific tasks and solutions to develop enterprises, contributing to the goal of economic growth and national development.

To promote the role of pioneering SOEs in digital transformation and promote double-digit growth, agencies and businesses need to focus on 6 main solutions including:

Firstly, create breakthroughs and strongly promote new growth drivers. Focus on perfecting regulations to specify the mechanisms and policies in Resolution No. 57-NQ/TW of the Politburo. Perfect laws, mechanisms and policies on digital transformation; synchronize legal regulations, mechanisms and policies to support and encourage enterprises to innovate technology, invest in information technology, artificial intelligence, renewable energy, high-tech agriculture, logistics and smart infrastructure...

Thereby, helping SOEs proactively access modern science and technology; supporting businesses to invest in and build data centers and cloud computing; creating a basis to strongly promote the construction of a national database.

Second, focus on restructuring industries and sectors; improve labor productivity and economic competitiveness. Effectively implement the semiconductor industry development strategy. Strongly develop supporting industries, strengthen linkages between FDI and domestic sectors. State-owned enterprises in the agricultural sector need to focus on strongly shifting agricultural production thinking to agricultural economic thinking, prioritizing the development of circular cultivation, low carbon emissions. State-owned enterprises in the service sector need to rely on modern technology platforms, develop a number of industries, service products with high knowledge and technology content, and have competitive advantages. Form a number of tourism service centers with high-quality, branded tourism products.

Third, assign specific tasks to each domestic technology enterprise to carry out the tasks of localizing platform technologies and solutions to support digital transformation such as Cloud, AI, BigData, etc. and have policies to support these enterprises in research.

Fourth, build a mechanism to help SOEs access state-owned technology investment funds, venture capital funds, etc. to have funding to test new technologies and innovate high-risk operating models.

Fifth, build a mechanism to help state-owned enterprises build salary and bonus mechanisms according to each specific job and flexibly according to market needs.

Sixth, the Ministry of Finance has a direction and framework program to direct technology enterprises to cooperate and coordinate with state-owned enterprises to deploy synchronous and effective digital transformation solutions, ensuring requirements and capacity for data security and safety, and preventing cyber attacks.

Urgently develop decrees guiding the Law on Management and Investment of State Capital in Enterprises

To accompany SOEs, the Ministry of Finance will urgently develop Decrees guiding the Law on Management and Investment of State Capital in Enterprises; review and study regulations on venture capital funds for innovative startups, technology incubation and digital transformation to amend and supplement if necessary; study the exclusion mechanism when evaluating and classifying enterprises when SOEs invest in digital transformation, reducing business efficiency in the short term. Study policies to encourage investment, purchase and lease of digital products and services.

In addition, review and research to build or supplement a public-private partnership mechanism to develop modern digital infrastructure, in which state resources are the main source.

At the same time, continue to implement support policies on taxes, fees and charges for enterprises in general and SOEs in particular. Research and review all tax laws to continue to perfect the tax policy system in accordance with international standards and practices, towards a synchronous tax system, sustainable structure, ensuring reasonable mobilization of resources for the State budget.

Complete legal regulations on customs in the direction of reforming and simplifying administrative procedures, facilitating trade, promoting export activities of enterprises; meeting the requirements of internalizing international agreements, commitments, and FTAs ​​that Vietnam has signed.

The Ministry of Science and Technology allocates at least 15% of the state budget for science and technology to serve strategic technology research; research and develop a system of research and testing centers, national key laboratories, focusing on strategic technology; propose specific mechanisms and policies necessary to support domestic enterprises to invest in and build data centers, cloud computing, attract foreign enterprises to set up data centers, cloud computing points in Vietnam; propose necessary mechanisms and policies to support the formation and development of a number of large-scale domestic strategic digital technology enterprises, in order to develop digital infrastructure, lead national digital transformation and have sufficient international competitiveness...

Hien Minh

Source: https://baochinhphu.vn/6-giai-phap-trong-tam-de-dnnn-tien-phong-chuyen-doi-so-thuc-day-tang-truong-102250415094008688.htm