Revenue of 19 Corporations and General Companies reached over 1 million billion VND in 6 months

Mr. Nguyen Hoang Anh - Member of the Party Central Committee, Chairman of the Committee attended and gave a speech at the Conference. Photo: Phuong Ha

At the conference to review the work of the first 6 months of the year and deploy tasks for the last 6 months of 2024 recently held in Hanoi, Mr. Nguyen Hoang Anh - Chairman of the State Capital Management Committee at Enterprises, said: After 5 years of operation, with the attention of the Party, the National Assembly and the Government, the Prime Minister and Deputy Prime Ministers, with the coordination of central agencies, the support and companionship of the Party Committee of the Central Agencies and the Party Committee of the Central Enterprises, the activities of the Committee and 19 enterprises represented by the Committee have been achieving positive results.

Overview of the Conference. Photo by Phuong Ha

According to Chairman Nguyen Hoang Anh, the Groups and General Corporations continue to demonstrate their core role in a number of industries and fields, creating significant revenue for the State budget, contributing to ensuring major balances, stabilizing the macro-economy, contributing to building infrastructure, creating development resources for industries, fields and the whole economy, and at the same time, implementing social security policies well.

Presenting a report at the Conference, Mr. Pham Van Son - Director of the General Department said: In the first 6 months of 2024, the State Capital Management Committee at Enterprises issued and implemented the Action Program to implement Resolution No. 01/NQ-CP and Resolution No. 02/NQ-CP dated January 5, 2024 of the Government; in which, specific tasks and solutions were set out for the Committee and enterprises represented by the Committee, in order to improve the operational efficiency of Groups and General Corporations; contributing to the successful completion of the tasks, goals and targets of the Socio-Economic Development Plan and the State budget estimate and improving the business environment, enhancing national competitiveness in 2024.

As the standing body of the Steering Committee for handling shortcomings and weaknesses of some projects and enterprises that are behind schedule and ineffective in the Industry and Trade sector, the Committee has fully and effectively implemented the assigned tasks.

Regarding the plan to handle the Thai Nguyen Iron and Steel Plant Phase 2 Expansion Project (TISCO 2), based on the results of the inventory and the results of the negotiation on the agreement to terminate and liquidate the EPC contract, the Committee will report to the competent authority on the plan to handle the TISCO 2 Project according to regulations.

Regarding the plan to handle the Lao Cai Iron and Steel Plant Project of Viet Trung Minerals and Metallurgy Company Limited (VTM), the Committee has submitted a report to the Government Standing Committee on the approval of the draft Report to the Politburo on the plan to handle the Quy Xa Iron Ore Mining and Processing Project and the VTM Project.

The Committee will complete the dossier and report to the Politburo according to the conclusion of the Government Standing Committee in the coming time. Regarding the plan to handle the Dung Quat Shipyard Project (DQS), implementing the direction of the Prime Minister and Deputy Prime Minister, the Committee has met with relevant ministries and branches and directed the Vietnam Oil and Gas Group (Petrovietnam) to work and agree with relevant parties on the mechanism proposed by Petrovietnam for the DQS handling plan.

On July 3, the Committee reported to the Government Standing Committee on the plan to handle DQS. The Committee will complete the dossier and report to the Politburo according to the conclusion of the Government Standing Committee.

Delegates attending the Conference. Photo by Phuong Ha

Regarding the consolidated financial situation of 19 Groups and General Corporations represented by the Committee as owners, revenue is estimated at more than VND 1,000,000 billion, equal to 76.28% of the annual plan and 113% compared to the same period last year. Pre-tax profit is estimated at about VND 57,000 billion, equal to 127% of the annual plan and 127% compared to the same period in 2023. The value of payment to the State budget is estimated at more than VND 86,000 billion, equal to 75.24% of the annual plan.

Regarding the investment and development situation, the consolidated investment value of 19 Groups and Corporations represented by the Committee as the owner by the end of June 2024 is estimated to reach nearly VND 67,000 billion, equal to 120% compared to the same period in 2023. The disbursement progress in the last 6 months of 2024 is expected to continue to increase after the problems and difficulties have been guided and handled by competent authorities as a basis for Groups and Corporations to complete investment procedures for key projects that play a role in socio-economic development.

Source: https://laodong.vn/kinh-doanh/doanh-thu-19-tap-doan-tong-cong-ty-dat-hon-1-trieu-ti-dong-trong-6-thang-1367558.ldo