PM: each State group, corporation must be an innovation centre

Wednesday, 2019-10-16 21:32:55
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Prime Minister Nguyen Xuan Phuc speaking at the event (Photo: VNA)
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NDO/VNA – Prime Minister Nguyen Xuan Phuc asked each State-owned group and corporation to become centre for innovation during a conference in Hanoi on October 16.

They were also required to improve governance and competitiveness, and enhance human resources training.

The PM suggested they pay attention to make active contributions to restructuring the economy, stabilising macro-economy and ensuring national security.

State management agencies were assigned to review legal documents to further empower State-owned groups and corporations.

In particular, the centrally-run business bloc should focus on Party building and encourage talented staff, he added.

From 2016 to June 2019, 162 firms were equitised with a total value of over VND205 trillion (US$9.48 million), or 108% of State capital value in equitised firms during the 2011-2015 period. The total revenue from equitisation and divestment surpassed VND218.2 trillion, more than doubling the total in the past five years.