Prime Minister Pham Minh Chinh has directed State-run groups and corporations to uphold their responsibility and the role of their heads in promoting investment and expanding investment in innovation and creativity, with a focus on emerging industries and major key projects.

They must operate effectively to contribute to building an independent and self-reliant economy and ensuring macro-economic stability and major balances, controlling inflation, and promoting growth, he said while chairing a recent conference on solutions to innovate the operations of the Committee for Management of State Capital at Enterprises (CMSC) and effectively promote investment resources of State groups and corporations.

The government leader also directed them to restructure enterprises and transform management models to adapt to new conditions and the actual situation in the country.

The 19 groups and corporations managed by the CMSC represented about 87 per cent of electricity, 50 per cent of gasoline for retail sale, 100 per cent of dry gas, 70 per cent of liquefied petroleum gas, 70 per cent of fertilizers, 45 per cent of mobile phone subscriptions, 49 per cent of domestic air passenger transport, 16 per cent of sea freight management, and 100 per cent of railway transportation as of 2022.