Business

19 SOEs post over 1.1 quadrillion VND in revenue

The 19 parent groups and corporations under the Committee for Management of State Capital at Enterprises (CMSC) have earned more than 1.1 quadrillion VND (45 billion USD) in revenue in 2023.
19 SOEs post over 1.1 quadrillion VND in revenue ảnh 1A coal transporation system of the Hon Gai coal selecting company, a subsidiary of the Vietnam National Coal and Mineral Industries Group (Vinacomin) (Photo: VNA)
Hanoi (VNA) – The 19 parentgroups and corporations under the Committee for Management of State Capital atEnterprises (CMSC) have earned more than 1.1 quadrillion VND (45 billion USD)in revenue in 2023.

The statistics were released by the CMSCat a meeting held on December 20 to review this year’s performance and launchtasks for 2024.

In particular, the 19 firms’ totalrevenue tops 1.13 quadrillion VND, equivalent to 105.15% of this year’s target.Their pre-tax profit, excluding the Vietnam Electricity (EVN), stands at nearly53.26 trillion VND, representing 166.09% of the target and 110.92% of last year’sfigure.

Meanwhile, they have contributed over79.25 trillion VND to the state budget, equivalent to 199.96% of the annualtarget and 120.22% of the amount in 2022.

The businesses have disbursed over 161trillion VND in investment. Those with a high disbursement rate include theVietnam National Coal and Mineral Industries Group (Vinacomin), the Vietnam Oiland Gas Group (Petrovietnam), and EVN, according to the CMSC.

CMSC Chairman Nguyen Hoang Anh said that amid complex and unpredictabledevelopments in the world in 2023, the CMSC, groups, and corporations haveexerted strong efforts to fulfill tasks, thus recording positive results andsubstantially contributing to national socio-economic development.

The groups and corporations have continued to perform their core role in somesectors, generate large revenue for the state budget, and help guarantee majorbalances, maintain macro-economic stability, develop infrastructure, and createmomentum for the development of their sectors and the entire economy, he noted,adding that they have also contributed to social security ensuring./.
VNA
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