PM chairs conference on State-owned enterprises’ operation plans for 2024

Prime Minister Pham Minh Chinh on February 5 chaired a working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promote socio-economic development investment in the year.
PM chairs conference on State-owned enterprises’ operation plans for 2024 ảnh 1Prime Minister Pham Minh Chinh (standing) addresses the working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management on February 5 (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh onFebruary 5 chaired a working session with the Commission for Management of State Capital atEnterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promotesocio-economic development investment in the year.

PM Chinh highlightedcontributions from the 19 groups and corporations to the country’s overallsuccess in 2023, but underlined that the country’s socio-economic developmenttasks for 2024 are much harder than those for 2023, requiring more efforts fromministries and sectors, including the CMSC.

Although they are small in number, State-owned groups and corporationshold large resources, assets, and capital, serving as an important force of the Party and State, the PM stressed, adding that along with economicdevelopment, the groups and corporations have actively participated in ensuringsocial security.

The Government leader asked leaders of ministries, sectorsas well as the groups and corporations to analyse and assess their performance in2023 and propose tasks and solutions to promote business and production in2024, thus contributing to boosting socio-economic development this year andfollowing years.

Particularly, they were requested to review and propose any necessary changes to institutions,mechanisms, policies and laws to enhance the operational efficiency of thegroups and corporations.

Last year, the total revenue of the 19 groupsand corporations reached nearly 1.13 quadrillion VND (46.34 billion USD), equivalentto 105.15% of the yearly plan.

Their combined pre-tax profit hit 53.25 trillion VND (excluding VietnamElectricity) was equal to 166.09% of the 2023 plan and 110.92% compared to thesame period in 2022. The groups and corporations paid 79.25 trillion VND to theState budget, reaching 199.96% of the plan for the year and equivalent to120.22% of the figure recorded in the same period of 2022./.

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