On August 1, 2024, the Prime Minister issued Decision No. 753/QD-TTg approving the policy of transferring the right to represent the state capital ownership at the National Electricity System and Market Operation Company Limited (NSMO) - formerly A0 from the State Capital Management Committee at Enterprises to the Ministry of Industry and Trade.
Separating A0 into an independent unit is a correct policy suitable for transparent electricity regulation.
Specifically, approving the policy of transferring the right to represent the state capital ownership at the National Electricity System and Electricity Market Operation Company Limited (NSMO) from the State Capital Management Committee at Enterprises (UBQLV) to the Ministry of Industry and Trade after completing the separation and establishment of NSMO in accordance with the law and Decision No. 752/QD-TTg dated August 1, 2024 of the Prime Minister.
Regarding implementation, the Government requests relevant ministries, agencies, localities and enterprises to, based on their functions, tasks and authority, take responsibility for organizing the implementation of this Decision in accordance with legal provisions, including:
In particular, the Capital Management Board and the Ministry of Industry and Trade are responsible for the content of the report and proposal; decide and implement the transfer of the right to represent the State capital ownership at NSMO from the Capital Management Board to the Ministry of Industry and Trade in accordance with the provisions of law immediately after completing the separation and establishment according to Decision No. 752/QD-TTg dated August 1, 2024 of the Prime Minister.
The Ministry of Industry and Trade is primarily responsible for preparing all necessary conditions to receive the NSMO, including a mechanism to ensure working capital for the NSMO in accordance with legal regulations, ensuring that the NSMO continues to operate stably, continuously and effectively after the transfer.
Preside over and coordinate with relevant ministries and branches to issue, within their authority, or submit to competent authorities for issuance, legal documents serving the operation of NSMO, ensuring that NSMO operates stably, continuously and effectively.
NSMO Company proactively researches, proposes, and forecasts difficulties and problems during operations, has specific proposals, and clearly states the authority to amend, supplement, and issue new legal documents and related instructions to serve the effective and safe operation of the power system.
The Ministry of Finance provides comments on the financial management regulations of NSMO as well as other relevant regulations.
The Ministries of Industry and Trade, Planning and Investment, and Finance, according to their functions, tasks, and authority, shall consider and handle according to their authority or propose and submit to competent authorities mechanisms to support investment capital arrangement for NSMOs, supplement charter capital for NSMOs, guarantee or support loan mechanisms for projects implemented by NSMOs, mechanisms for NSMOs to access low-interest loans, grace periods, and long-term principal repayment in accordance with the provisions of law; in case of arising problems beyond their authority, promptly propose and report to the Prime Minister, ensuring that NSMOs operate stably, continuously, and effectively, and perform assigned tasks.
NSMO's workforce is of high quality, so appropriate salaries should be considered.
The Ministry of Labor, War Invalids and Social Affairs shall coordinate with the representative agency of the NSMO owner to determine the salary of employees and managers of NSMO according to the salary mechanism prescribed for LLCs with 100% charter capital held by the State in accordance with the specific characteristics of operations, ensuring the salary and income of employees and managers of NSMO. In which, NSMO is temporarily ranked as Grade I to serve as the basis for salary classification for managers until the Government issues a Decree on labor management, salary, remuneration, and bonuses for state-owned enterprises in the spirit of Resolution No. 27-NQ/TW dated May 21, 2018 of the 7th Conference of the 12th Central Executive Committee on reforming salary policies for cadres, civil servants, public employees, armed forces and employees in enterprises.
Relevant ministries, branches, agencies and localities, according to their assigned functions and tasks, authority and legal regulations, shall handle difficulties and recommendations of the Ministry of Industry and Trade and NSMO during their operations.
The People's Committees of Hanoi, Ho Chi Minh City, and Da Nang consider allocating land funds to build independent headquarters of NSMO and regional power system dispatch centers according to regulations to ensure stable, long-term and secure operations for the national power system dispatch and electricity market transaction management.
The Chairman of the State Capital Management Committee at Enterprises, the Ministry of Industry and Trade, the Enterprise Manager of NSMO, the Chairman of the People's Committee of provinces and centrally run cities, and the Ministers, heads of ministries, agencies, organizations and individuals concerned are responsible for implementation.
It can be seen that the Government has been determined and affirmed to separate A0 from Vietnam Electricity Group, so that the national electricity regulation can operate transparently and long-term under the direction of the Ministry of Industry and Trade.
Tung Duong
Comment (0)