Profit of 19 corporations, excluding EVN, reaches over 53,200 billion VND

The State Capital Management Committee for Enterprises has announced that the pre-tax profit of 19 state-owned corporations reached VND 53,256 billion, equivalent to 166% of the 2023 plan and 110% compared to the same period in 2022. Additionally, the corporations have contributed more than VND 79,200 billion to the state budget.

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This morning, February 5, Prime Minister Pham Minh Chinh chaired a working session with the State Capital Management Committee in Enterprises and 19 corporations and state-owned general companies under the Committee on production and business in 2024 and promoting investment for socio-economic development.

Prime Minister Pham Minh Chinh chairs the Conference on promoting investment for development for 19 corporations and state-owned general companies. Photo: Nhat Bac

In his opening remarks, Prime Minister Pham Minh Chinh made it clear that the conference aims to assess the activities of the Committee and its attached corporations and state-owned general companies in 2023, as well as the tasks, solutions, and deployment of production and business in 2024 and promoting investment for socio-economic development.

The Prime Minister emphasized that although the 19 corporations and state-owned general companies account for a small proportion among the over 820 state-owned enterprises in Vietnam, they are an important material force of the state’s economy, holding the majority of the capital and assets of state-owned enterprises nationwide, and making significant contributions to the economic development and the realization of progress, social justice.

Therefore, the tasks for 2024 are greater than those for 2023 and must be better accomplished than 2023. The government wants to accomplish the tasks better than 2023, so each ministry, agency, corporation, and general company must perform better.

The Prime Minister emphasizes that the tasks for 2024 are greater than those for 2023 and must be better accomplished than 2023

The Prime Minister requested that the delegates focus on discussing, giving opinions, maximizing collective intelligence, determining orientations, solutions, and key tasks for 2024 of the Committee and its attached corporations and state-owned general companies in implementing the socio-economic development plan for 2024, especially the investment development tasks.

According to the program, after the report of the Committee on the activities in 2023, the implementation of production and business in 2024, and promoting investment for socio-economic development, the conference will listen to the enterprises, ministries, and branches to clarify further, supplement the key issues, tasks, and solutions for the coming period, and propose specific solutions in the short, medium, and long terms, in relation to the responsibility of specific agencies and units and the completion deadline.

At the same time, determine the proposed roadmap for amending and supplementing regulations, mechanisms, policies, and laws. The leaders of ministries, branches, and localities exchange and clarify further the issues raised, especially recommendations for amending regulations, promoting decentralization, delegation of authority, and creating related policies and laws to improve the effectiveness of the operations of corporations and state-owned general companies.

The Committee stated that in 2023, the total revenue of the holding company of the 19 corporations and state-owned general companies reached nearly VND 1,135 trillion, equal to 105.15% of the plan for 2023. Pre-tax profit reached VND 53,256 billion (excluding Vietnam Electricity Group – EVN), equal to 166.09% of the plan for 2023 and equal to 110.92% compared to the same period in 2022. The corporations and state-owned general companies contributed VND 79,252 billion to the state budget, equal to 199.96% of the plan for 2023 and equal to 120.22% compared to the same period in 2022.