The Ministerial Dialogue between the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) of China and Vietnam's Committee for Management of State Capital at Enterprises (CMSC) was held in Beijing on March 18. It was also the Seminar on the Reform and Development of State-owned Enterprises (SOEs) of the two countries. The Structured Sharing Program on Chinese and Vietnamese SOE Reform and Development was jointly launched by the two sides at the seminar. Chairman of SASAC Zhang Yuzhuo and Chairman of CMSC Nguyen Hoang Anh attended and delivered speeches. Pham Sao Mai, Vietnamese Ambassador to China, also took part in the seminar, which was hosted by Zhao Shitang, Vice Chairman of SASAC. Zhang met with the delegation led by Nguyen Hoang Anh before the seminar.
On March 18, the Ministerial Dialogue between the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) of China and Vietnam's Committee for Management of State Capital at Enterprises (CMSC) was held in Beijing. [Photo/sasac.gov.cn]
Zhang noted that in recent years, leaders of China and Vietnam have reached a series of important consensuses on cementing traditional friendship, strengthening strategic communication and deepening mutually beneficial cooperation, providing crucial guidance for the two countries in deepening bilateral relations and charting the course for the two countries to strengthen exchanges and cooperation in the field of SOEs and state assets.
Chinese central SOEs and Vietnamese SOEs have carried out a series of win-win cooperation projects in infrastructure, energy as well as telecommunications based on the law of market economy, with remarkable outcomes achieved, Zhang said.
Moving forward, SASAC will earnestly implement the key consensuses reached by the leaders of the two parties and countries to deepen and solidify the exchanges and cooperation between SOEs and state assets supervisors of the two countries. It is expected that the two sides will deepen strategic cooperation, give full play to their comparative advantages, actively participate in the docking of the Belt and Road Initiative and the "Two Corridors and One Economic Circle" plan, and strengthen connectivity and investment cooperation in various fields so as to inject new impetus to the development of bilateral relations. More efforts will be made to deepen exchanges and cooperation to develop the Structured Sharing Program, and join hands with counterparts from other countries to explore the law of SOE reform and development in the context of market economy and inspire new ideas for the governance of SOEs. The two parties should enhance innovation cooperation to jointly secure the safety and stability of industrial and supply chains, deepen the cooperation in new infrastructure, green development and digital economy, strengthen and develop socialist economic foundation to create new momentum for economic recovery in the post-pandemic era. The two parties should also deepen open-ended cooperation, jointly respond to the Global Development Initiative and carry out third-party market cooperation under the framework of China-ASEAN and Lancang-Mekong cooperation, in a bid to bring more benefits to the people of the two countries and other neighboring countries, and boost cohesion to support global development.
Nguyen Hoang Anh expressed gratitude for the warm welcome from SASAC and hailed the significant achievements of China's SOE reform. He said that Vietnam and China are linked by mountains and rivers, and enjoy a long history of friendly cooperation. In recent years, the in-depth cooperation between Vietnamese SOEs and Chinese central SOEs have gained a series of important achievements, which have brought tangible benefits to the people of both countries. CMSC and Vietnamese SOEs share many similarities with SASAC and Chinese central SOEs in terms of functions, goals and tasks. The reform and development of China's state assets supervision and SOEs have achieved remarkable results, which is of great referential significance to Vietnam. CMSC is ready to further communicate with its Chinese counterpart, continuously learn SOE reform experiences from China, and boost the development of the two countries' SOEs. He expected the two parties would strengthen experience exchange, set up regular communication mechanism and enhance mutual learning, deepen training cooperation, develop international management training courses and systematically share the reform and management experiences of Chinese SOEs. He noted the two parties should also further expand the scope of exchanges and cooperation, and closely cooperate and support each other at regional and international conferences and forums to boost the development of bilateral and multilateral relationships, and make more contributions to the healthy and stable development of the Vietnam-China comprehensive strategic cooperative partnership.
At the seminar, the two sides shared their experiences in improving state assets supervision, deepening SOE reform and promoting high-quality development in the context of market economy. According to the arrangement of the Structured Sharing Program, the two sides will carry out more sharing activities focusing on how to improve the competitiveness, performance and efficiency of SOEs, enhance the state assets supervision system and corporate governance structure. Chairman of China Energy Investment Corporation and Chairman of Vietnam Airlines shared their views on deepening cooperation at corporate level.
(Executive editor: Hao Wen)
