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The Ministry of Planning and Investments selected Mobifone, EVN and Viettel to represent three fields of the telecommunications, energy and defense industry to participate in the testing of independent policies.
The Ministry of Planning and Investments has just submitted to the Prime Minister a draft project to develop large-scale state enterprises, especially state-owned multi-owned economic groups. The objective of this project is to promote the openness and leadership of selected companies towards other economic sectors.
With this project, Mobifone, EVN and Viettel are selected to test their own policy, representing three areas, including energy, telecommunications and the defense industry. These companies are determined to play the role of “leading crane”, will promote the role of paving the way, leading state enterprises in the formation and expansion of domestic production, supply and value chains. as well as internationally.
The five criteria for defining a “large-scale state enterprise”, according to the Ministry of Planning and Investments, include: 1 / Capital stock of more than 1.8 billion VND; 2 / Be able to expand the market or increase market share, reaching a market share large enough to have the ability to dominate the market (the ministry proposes a market share of 30% or more); 3 / Have a good governance system such as meeting the requirements to save costs, improve the efficiency of the use of capital, apply science – technology …; 4 / Operate in dominant and dominant industries (not in the state monopoly sector) such as economic infrastructure, industry, energy, telecommunications, finance and banking ….; 5 / It is a company with 100% state capital or has contributed capital, controlling state shares (priority is given to companies with diversified ownership or with the ability to diversify ownership in the coming time, the State will own 50% or more of the social capital).
Regarding the selection of Mobifone, EVN, Viettel, the Ministry of Planning and Investments said that, in addition to meeting the above 5 criteria, it also comes from the requirements and orientation of the socio-economic development strategy in the next 10 years, aa From there, formulate policies that support business development. These are the industries and fields that are important for the development and security of a country when it comes to providing essential inputs for productive and commercial activities, and technical infrastructure in the period. digital transformation, 4.0 revolution and national defense, ”said the project’s writing agency.
Mobifone staff installed a 5G broadcast station in Ho Chi Minh City. Image: Minh Son.
In telecommunications sectorThe Ministry of Planning and Investments proposed Mobifone Telecom Corporation because it is a company with good financial status and commercial results between 3 telecommunications companies. At the same time, Mobifone has good technology and a good governance system as it has inherited the management experience of Kinnevik / Comvik Group (Sweden) under the Commercial Cooperation Agreement (BCC).
Additionally, Mobifone’s investment guidance will focus on strong digital transformation and building an ecosystem of digital transformation products for private companies, including small and medium-sized businesses. “This is a factor that will attract investors. At the same time, it is also a condition to form a chain of links and play a leading role in the information and data technology sector,” the ministry said. .
In energy sectorVietnam Electricity (EVN) was selected because the electricity produced by all EVN power plants accounted for almost 50% of the national electricity production. Furthermore, EVN also has professional and practical experience in investments in the electricity sector, especially in clean energy.
With defense industry, the project selected Military Telecom Industry Group (Viettel) because it is the leading unit in research, development, manufacturing, production, technology transfer, import and export of technical equipment products. military and dual-use items for civil and defense use.
At the same time, Viettel is oriented to build and develop the industrial sector, focusing on 3 areas, including the high-tech defense industry, the electronics and telecommunications industry, the network security industry. Viettel sets a goal, from now until 2025, to be among the top 80 high-earning companies from defense activities in the world.
From that, The Ministry of Planning and Investments also offers solutions for 3 businesses. In which, the Ministry has decided to give priority to accelerating the approval of Mobifone so that it has a leading role. This agency will inform the Prime Minister to add Mobifone to the list of telecommunications service providers with network infrastructure dominated by state shares and contributed capital. At the same time, we did not select a strategic foreign shareholder for this network operator.
With EVN, the Ministry proposed to establish a complex, including EVN’s role in offshore wind energy project research, as well as encouraging SCIC to cooperate with EVN to invest in renewable energy projects. , with the participation of PVN …
As for Viettel, the project proposes a research solution to form a Defense Industry Development Fund. In which, the fund is formed from the after-tax profit of the business. Viettel uses the fund to serve activities related to the development of the defense industry. At the same time, to study and form an Innovation Fund, venture capital for Viettel, develop high-quality human resources, especially leading experts in the fields of information technology and high-tech industries. ..
From 2005 to now, 13 state economic groups have been tested. These large-scale SOEs, according to the Ministry of Planning and Investments, have made contributions to socioeconomic development, macro-regulation, price stability … but there are still many problems in the legal framework. physical.
“The organization and operation model is still inadequate, the results of operations are not up to the resources of the holding company, competitiveness is still low,” the agency said. Therefore, the ministry’s large-scale state enterprise development project is drafting the goal of improving operational efficiency for corporations, corporations, paving the way, and leading enterprises from all economic sectors. other.
Anh You
