Business

Revenue of SOEs surges 29% in 2022

The total revenue of Vietnam’s 827 State-owned enterprises (SOEs) recorded a year-on-year surge of 29% to 2.75 quadrillion VND (112.89 billion USD) last year, according to a Government report sent to the National Assembly.
Revenue of SOEs surges 29% in 2022 ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The total revenue of Vietnam’s 827 State-ownedenterprises (SOEs) recorded a year-on-year surge of 29% to 2.75 quadrillion VND(112.89 billion USD) last year, according to a Government report sent to theNational Assembly.

Their combined assets reached up to 3.82 quadrillion VND, up4% year-on-year, and their pre-tax profits hit 247.9 trillion VND, an increaseof 23% compared to that in 2021.

Their total debts were valued at 2.05 quadrillion VND, up 6%year-on-year.

Also in 2022, the amount of disbursed investment ofVietnamese SOEs abroad was 61.55 million USD in 14 projects, mainly ofsubsidiaries of the Vietnam Oil and Gas Group (Petrovietnam), and the ViettelMilitary Industry and Telecoms Group.

The report assessed that the SOEs have basically completedtheir production and business tasks. Some groups and corporations enjoyed hugeexport revenues, contributing to ensuring several major balances of theeconomy./.
VNA
#State-owned enterprises #SOEs #revenue #Government report #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

MoIT proposes transfer of 11 SOEs to CMSC, SCIC

MoIT proposes transfer of 11 SOEs to CMSC, SCIC

The Ministry of Industry and Trade (MoIT) has proposed transferring 11 State-owned enterprises (SOEs) in which it represented the State ownership to the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment Corporation (SCIC) at the same time and in their status quo in 2022-2025.
SOEs help stabilise macro-economy

SOEs help stabilise macro-economy

With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, 19 groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) have posted significant growth, contributing to maintaining macro-economic stability, a CMSC representative has said.

See more

Thi Khui, Director of Bu Lach Organic Cashew Cooperative, signs a cashew purchasing cooperation agreement with a representative of Intersnack Vietnam Cashew Company Limited. (Photo: Dong Nai Newspaper)

Ethnic woman grows cashew cooperative's international success

With strong support from local authorities, Khui persuaded 165 farming households to adopt organic cultivation practices. The cooperative now oversees a raw material area of 1,000 hectares, establishing a solid foundation for large-scale organic production.

The 20th meeting of the Vietnam-RoK Joint Economic Committee takes place in Seoul on November 14. (Photo: VNA)

Vietnam, RoK seek new drivers to advance comprehensive cooperation

The RoK is also Vietnam’s largest foreign investor. As of the end of September, Korean investors operated 10,301 valid projects with combined registered capital of 94.2 billion USD, topping both capital value and number of projects among 154 countries and territories investing in Vietnam. Korean enterprises contribute roughly 30% of Vietnam’s total export value.

Workers process aquatic products for exports. (Photo: VNA)

Workshop seeks to boost agro-forestry-aquatic exports to EU

Participants underlined the importance of complying with the EU’s strict standards, stepping up national branding, developing green and clean products aligned with European consumer preferences and, particularly, embedding cultural value and compelling Vietnamese stories in each product.

HCM City hosts twin international exhibitions on fashion and mother–baby products (Photo: VNA)

HCM City hosts dual int’l fashion, mother–baby exhibitions

The SIUF Vietnam 2025 Intimate Fashion and Sourcing Expo and the International Expo for Children, Baby, Maternity Expo (CBME Vietnam 2025) will become a premier platform for international collaboration, helping expand exports, upgrade supply chains, and elevate the global standing of Vietnamese brands.

Illustrative photo (Photo: VNA)

Retail petrol prices rise in November 13 adjustment

Since the beginning of this year, domestic fuel prices have been adjusted 47 times. Of these, RON95-III recorded 26 increases and 21 decreases, while diesel saw 24 rises, 22 decreases, and one unchanged.

The list of top 500 largest enterprises in Vietnam 2025

Vietnam’s 500 largest enterprise list announced

The top 10 enterprises are Samsung Electronics Vietnam Thai Nguyen Co., Ltd.; Vietnam National Industry - Energy Group (Petrovietnam); Vietnam National Petroleum Group (Petrolimex); Vingroup JSC; Viettel Group; BIDV; Agribank; VietinBank; Vietnam National Coal and Mineral Industries Group (Vinacomin); and Hoa Phat Group JSC.