The Inspectorate of the Ministry of Finance has just issued a conclusion on the inspection of law enforcement on practicing thrift and combating waste in Ninh Binh province from November 4-22, 2024.

Regarding the practice of thrift and anti-waste in the management and use of state capital at state-owned enterprises, according to the report of the Department of Finance of Ninh Binh province, in 2023, this locality is the owner of state capital at 6 enterprises, including one enterprise undergoing equitization, Binh Minh One Member Co., Ltd.

Business results in 2023, there are 2 businesses operating without profit, at a loss.

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Ninh Binh Rural Water and Sanitation Joint Stock Company's accumulated loss as of December 31, 2023 is more than VND211 billion. Photo: VTV

That is Ninh Binh Rural Clean Water and Sanitation Joint Stock Company with an owner's investment capital of more than 448 billion VND; of which state capital is more than 424 billion VND. The company's business results in 2023 were a loss of more than 25.7 billion VND, the accumulated loss up to December 31, 2023 was more than 211 billion VND.

Next, Ninh Binh Province Irrigation Works Exploitation Company Limited (owner's investment capital is more than 2,105 billion VND). In 2023, the company's production and business activities were unprofitable. The company's total revenue and other income were more than 83.5 billion VND, total expenses were also more than 83.5 billion VND, and realized profit was 0 VND.

There are 4 profitable businesses. Ninh Binh Lottery Company Limited has an owner's investment capital of more than 20.3 billion VND, and the profit paid to the state budget is nearly 617 million VND.

Binh Minh LLC has an owner's investment capital of more than 4.2 billion VND, and a profit paid to the state budget of more than 795 million VND.

Ninh Binh City Urban Environment and Services Joint Stock Company has an owner's investment capital of more than 16.7 billion; of which state capital is more than 11 billion, profit divided by state capital is more than 47 billion VND.

Tam Diep Urban Environment Joint Stock Company, owner's investment capital is more than 7.1 billion VND; of which state capital is more than 4.7 billion VND, profit divided by state capital is over 184 million VND.

The remaining profits to be paid after distributing funds and profits divided for the state capital in 2023, the above enterprises have paid to the state budget according to regulations.

In addition, regarding public investment, the Ministry of Finance Inspectorate also pointed out that many projects in the province are behind schedule and have difficulties in disbursing capital. In 2023, 70 projects will have to adjust their implementation time, of which 13 projects will have to adjust both the time and total investment, 43 projects will only have to adjust the time and 14 projects will have to reduce the total investment.

As of November 15, 2023, the amount of public investment capital in 2022 that has been extended to 2023 but cannot be disbursed is more than VND 86.5 billion. Of which, the central budget capital accounts for more than VND 13.5 billion, the provincial budget capital is more than VND 50.6 billion, the rest is district and commune capital.

Along with that, the settlement of investment projects in Ninh Binh also encountered many problems. By the end of 2023, there were 301 projects violating the settlement time with a total investment of 5,692 billion VND. Some investors have not yet recovered the overdue advance capital of contractors.

Inspector of the Ministry of Finance: Hung Yen Lottery Company suffers heavy losses. Among the 7 100% state-owned enterprises and joint stock enterprises with state capital in Hung Yen, by the end of 2023, 2 enterprises were making losses and were at risk of losing capital.