State Capital Investment Corporation urged to complete strategic orientation

Sunday, 2020-04-12 12:14:19
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Deputy PM Truong Hoa Binh speaking at the meeting (Photo: VGP)
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NDO – The State Capital Investment Corporation (SCIC) needs to complete strategic orientation for its development, contributing to raising its position and role within the system of state-owned enterprises (SOEs) in particular and the country’s economy in general.

Politburo member and Deputy Prime Minister Truong Hoa Binh made the statement while chairing a meeting in Hanoi on April 11 to review the SCIC’s operation.

Speaking at the event, he appreciated the SCIC for its efforts to overcome all difficulties to fulfil all assigned tasks, contributing to improving the efficiency in the operation of SOEs.

The SCIC should make a significant contribution to macroeconomic stability, ensuring national defence, security and social welfare; as well as raise profits, develop capital and comply with the law, added the Deputy PM.

He urged the SCIC to focus only on key areas of the economy to avoid dispersed investment, ensuring market-oriented operation, capital preservation and maximisation of profits.

It is crucial to define the appropriate strategic direction for the SCIC to become the “strong punch” of the economy, said Deputy PM Binh.

He asked the Committee for Management of State Capital and relevant agencies to review and set policies to remove the difficulties and obstacles for the SCIC.

At the meeting, the Government Office’s leader said that the Government has issued Decree No.41/2020/ND-CP, extending the deadline for paying tax and land rent for enterprises affected by Covid- 19, including those under management of the SCIC.