19 corporations and groups under the State Capital Management Committee at Enterprises have completed the handover to the Ministry of Finance and the Ministry of Public Security. Among them are 'big guys' holding assets worth half a million billion VND.
The total assets of 19 corporations and general companies just transferred to the Ministry of Finance and the Ministry of Public Security are equal to 65% of the total assets of state-owned enterprises nationwide - Photo: QUANG DINH
This group of enterprises has a total equity capital of about 1.18 quadrillion VND. The total assets held by the "big guys" are about 2.54 quadrillion VND, equal to 65% of the total assets of state-owned enterprises nationwide.
Two state "giants" hold total assets of half a million billion VND
The largest scale in the group of enterprises transferred to the Ministry of Finance is the Vietnam National Industry and Energy Group (Petrovietnam).
Petrovietnam has not yet publicly disclosed its consolidated financial statements for 2024. At the end of 2023, the total consolidated assets of this oil and gas giant exceeded 1 million billion VND, while the balance sheet had liabilities of 479,000 billion VND. And equity reached more than 532,000 billion VND, a year ago.
Regarding business situation, despite the general economic difficulties, Petrovietnam still has 3 consecutive years of setting new records in total revenue.
As of 2024, the total revenue of the oil and gas giant will exceed 1 million billion VND, up 36% compared to the pre-COVID-19 period. The group's consolidated profit is also the highest ever at over 2.3 billion USD/year.
Data: Financial statements
Vietnam Electricity Group (EVN) is also in the group with the "biggest" scale among state-owned enterprises. The financial report recorded that at the end of 2023, EVN had total assets of 648,983 billion VND, and on the other side of the balance sheet, liabilities reached 452,849 billion VND.
After a period of losses, EVN's equity decreased from VND 225,396 billion in 2022 to VND 196,133 billion at the end of 2023.
EVN has not yet announced its 2024 financial report, but a report from the Capital Management Committee said EVN's revenue is estimated at VND575,000 billion, an increase of 13.7% over the previous year.
Referring to the financial picture for the first 6 months of 2024, EVN leaders revealed a negative financial figure of about 13,000 billion VND, down from the same period last year (negative 15,000 - 16,000 billion VND). "By the end of 2024, profits will be positive, reducing losses, but there will still be losses," EVN leaders informed at a meeting in the middle of last year.
Most are profitable
The total consolidated revenue of 19 corporations and general companies in 2024 is estimated to reach more than VND2 million billion, equal to 120% of the annual plan and 10% over the same period, according to a report by the Capital Management Committee.
Consolidated pre-tax profit is estimated at VND111,692 billion, equal to 158% of the yearly plan and 156% over the same period.
Except for EVN, most businesses recorded positive profits. For example, Vietnam Airlines, after 3 consecutive years of losses after COVID-19, returned to profit in 2025 with a consolidated profit of VND7,267 billion. This is the highest profit ever for the national airline.
However, the consequences of several years left Vietnam Airlines with negative equity of more than VND 10,000 billion by the end of 2024.
Data: Financial statements
At VNPT, information from this group shows that total revenue reached 58,540 billion VND. Of which, revenue of parent company VNPT reached 41,995 billion VND, reaching 100.1% of the plan, up 7% over the same period in 2023.
VNPT's consolidated pre-tax profit in 2024 reached VND 6,086 billion, of which the parent company's pre-tax profit reached VND 4,565 billion, reaching 103.3% of the plan, up 3% over the same period in 2023.
At Vietnam Chemical Group - Vinachem, combined revenue is estimated at VND 57,909 billion, up 3% compared to the plan, up 1% compared to the implementation in 2023.
Of which, the parent company Vinachem's revenue is estimated at 1,450 billion VND. The total profit of the whole group is estimated at 2,872 billion VND, with the parent company contributing 600 billion VND.
In addition, some units have profits but they are still low and tend to decrease, such as the Southern Food Corporation...
In the list of 18 corporations and general companies transferred to the Ministry of Finance, there are many enterprises listed on the stock exchange such as: Petrolimex (code PLX), Vietnam Airlines (HVN), Vietnam Rubber Industry Group (GVR), Vietnam Airports Corporation (ACV), Vietnam Forestry Corporation (VIF), Southern Food Corporation (VSF), Vietnam National Shipping Lines (MVN).
The Ministry of Finance will also be indirectly involved in many stocks through the State Capital Investment Corporation (SCIC) - the unit holding capital of Vinamilk, FPT...
Source: https://tuoitre.vn/nhung-doanh-nghiep-nam-khoi-tai-san-trieu-ti-dong-ve-bo-tai-chinh-be-the-ra-sao-20250302135719982.htm
Comment (0)