The "Super Commission" must follow the professional and modern way

Photo: Internet

Great expectations

In addition to the issuance of the Decree No. 131/2018/ND-CP regulating the function, mission, responsibility, and structure of the CMSC, the CMSC has the basis to officially operate after 8 months of establishment. According to the Decree, 19 large groups and corporations of the State will be transferred to the “Super Commission” from October 1 and within 45 days, the transfer must be completed. It is estimated that the state capital in these 19 enterprises is about 1 trillion VND and the total value of assets is 2.3 trillion VND, accounting for two thirds of the total state assets at enterprises.

Remarkably, this new Decree has a new point that the previous ones have not mentioned yet. It added one more thing about the relationship between the Commission and the state management agencies. Accordingly, the Commission will exercise the rights and responsibilities as a representative office of the enterprise in accordance with the law on management, use of state capital invested in production and business at enterprises; Comply with the regulations of the Government, the Ministry of Finance on the financial management regime, and financial monitoring mechanism for enterprises that the Commission is their owner representative.

In addition, the Commission, the enterprises that the Commission is their owner representative will manage the investment and use state capital in accordance with the developing strategy, plans and policies. At the same time, the Decree also states that the Commission coordinates with the agencies involved in ordering, and assigns tasks to enterprises performing public-utility tasks or other socio-economic tasks as prescribed by law. This is supposed to be the basis for solving problems and concerns about the relationship between the Commission and the ministries, branches and localities in practicing the rights and responsibilities of the owners for SOEs.

At the launching ceremony of the Commission recently, Prime Minister Nguyen Xuan Phuc said that the SOEs under the Commission were the key players of the economy in the fields of electricity, petroleum and food. Therefore, the people are watching and putting great expectations into the Commission's activities in the renovation of thoughts, management way, the way SOEs operate, how to overcome weaknesses, improve and make differences in the SOEs’ performance.

"We have two ways: The first way is to build a professional, modern Commission, then foster strongly reforms and enhance the overall effectiveness of the whole system of State groups and corporations. And the second one is to create an old bureaucracy that can burden the business system as well as the nation. We choose the first way, which is to build a professional and modern Commission, although we will face many difficulties," the Prime Minister stressed.

The transfer to the "Super Committee" should not be delayed

Talking about further information on the preparatory work that the Commission has implemented in the past to be ready for the official operating time, Mr. Nguyen Hoang Anh, Chairman of the Commission, said that the Commission has studied and developed a Set of monitor and review indicators for the efficiency of enterprises to connect directly with the assigned enterprises to minimize the time to prepare and send reports; analyze, evaluate through the business situation indicators, increase and decrease the total value of state capital at enterprises, assess the level of capital preservation of enterprises... It is expected that when receiving enterprises, the Commission will deploy the connection to update regularly enterprises’ business activities.

Noteworthy, the Commission also signed a cooperation memorandum with Temasek Holdings of Singapore to exchange business information and management experience. At the same time, the Commission questioned the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) at Chinese enterprises to exchange experiences, business information, and cooperation on capital management at enterprises. Determining the work to be carried out immediately after the Commission goes into official operation is enormous and heavy, the Commission representative said that they will strengthen the staff of the Commission in a streamlined and effective direction, select qualified staff, innovate management methods, business management to operate more effectively.

Regarding the process of transferring businesses to the Commission, Prime Minister Nguyen Xuan Phuc asked ministries having enterprises need to be transferred to coordinate with the Commission to transfer immediately, avoid delays, complexity, mistakes and not to allow legal gaps, affecting the management of state capital, the equitization process, business restructuring, the production and business activities of corporations.

Sharing about the preparation for the transfer to the Super Commission of Electricity of Vietnam (EVN), Mr. Duong Quang Thanh, Chairman of Board of Members of EVN, said that EVN actively took part in the study and had meetings with the professional department about some work related to the enterprise management and supervision of the Commission. Specifically: study and provide information for surveying and building information technology systems for the management and professional work of the Commission, including the Set of monitor and review indicators for the efficiency of enterprises; work on system linkage and provision of information and preliminary demonstration of some EVN’s information technology systems and test the provision of the information requested by the Commission such as revenue, commercial electricity output, load curve, system capacity charts and other information.

"EVN is currently active in preparing hand-over works to facilitate the transfer of the state ownership representation rights, not affect the daily production and business activities of EVN," said Mr. Duong Quang Thanh.