CMSC's members post revenue of over 47.8 billion USD in 2022
Negative effects of the COVID-19 pandemic and uncertainties in the global markets caused some enterprises under the Commission for the Management of State Capital at Enterprises (CMSC) to see sharp declines in profits this year, with some even posting great losses and reductions in equity.
Hanoi (VNA) - Negative effects of the COVID-19pandemic and uncertainties in the global markets caused some enterprises underthe Commission for the Management of State Capital at Enterprises (CMSC) to seesharp declines in profits this year, with some even posting great losses andreductions in equity.
However, with great efforts and determination, corporations havesuccessfully restored production and business activities, contributing tosocio-economic development, generating significant revenue for the statebudget, stabilising the macro-economy, building the infrastructure system, andcreating a driving force for the development of industries, CMSC Chairman NguyenHoang Anh said at a conference on reviewing the work of CMSC and itscorporation members in 2022.
Accordingly, the total revenue of 19 groups and corporations isestimated to reach over 1.1 quadrillion VND (47.8 billion USD), equal to 114%of the yearly plan and 133% compared to 2021.
Except for Vietnam Electricity (EVN) which reported a sudden lossdue to objective reasons (being unable to increase electricity prices), thetotal profit before tax of 18 groups and corporations was estimated at morethan 39.2 trillion VND, an increase of 73% compared to the plan and 17%over last year.
Of which, 15 out of 19 groups and corporations completed andexceeded the revenue plan; 17 out of 19 groups and corporations completed andexceeded the plan in terms of profit before tax, and 16 out of 19 groups andcorporations have completed and exceeded the plan for payment to the statebudget.
Some groups and corporations have made great efforts, achievedmany positive results, and exceeded the plan in many production and businesstargets compared to previous years such as Petrolimex, Vinachem, VietnamNational Coal and Mineral Industries Group (TKV), and Vietnam Electronicsand Informatics (VEC).
On the implementation and disbursement of investment capital in2022, after four years of transferring to CMSC, the Commission'scorporation members have approved, carried out, or completed 41 projectsin group A, and 125 group B projects, according to Anh./.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than 3.7 trillion VND (160 million USD) in the first quarter of this year due to the impacts of the COVID-19 pandemic.
The Commission for the Management of State Capital at Enterprises (CMSC) has completed the settlement of 233 out of 259 cases transferred from ministries, including 44 handled in 2020, heard a conference in Hanoi on January 11.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) achieved total pre-tax profit of 34.2 trillion VND (1.5 billion USD) in 2021, exceeding the annual plan by 70 percent.
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Illustrative image (Photo: VNA) 
