With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, 19 groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) have posted significant growth, contributing to maintaining macro-economic stability, a CMSC representative has said.
A corner of Thu Duc city in Ho Chi Minh City (Photo: nhandan.vn)
Hanoi (VNA) – With various drastic and flexible measures taken toboost production, business and investment activities and carry out assignedpolitical tasks, 19 groups and corporations under the Commission for theManagement of State Capital at Enterprises (CMSC) have posted significantgrowth, contributing to maintaining macro-economic stability, a CMSCrepresentative has said.
Their total revenue was estimated to reach 580.49 trillionVND (24.1 billion USD) in the first half of this year, equal to 53.7% of theyearly target and up 4% year-on-year. Total before-tax profit of these groupsand corporations (excluding the Vietnam Electricity - EVN) was estimated at 18.19trillion VND, equal to 56.7% of the yearly plan, while their combined budgetcontribution reached 33.5 trillion VND, up 2% over the same period.
Several groups and corporations have recorded massive exportvalues, making important contributions to the growth of the country's exportturnover with the main exports being crude oil, garment and textiles, food,rubber, tobacco, and fertiliser.
Notably, their contributions are reflected in not only revenue and profit, but also their efforts to carry out assignedpolitical tasks. Through production and business activities, they continue tohold key positions and roles in many important economic sectors and fields, andensure the supply of essential products and services and major balances for theeconomy. The percentage of their market share and total output is about 87% ofelectricity, 50% of retail petroleum, 100% of dry gas, 70% of liquefied gas,70% of fertiliser, 45% of mobile phone subscribers, and 41% fixed broadband.
Illustrative image (Photo: nhandan.vn)
In the field of transport, they hold 49% of domesticair passenger volume, and manage 21 out of the 22 civil airports, 16% of seafreight, and 100% railway transportation.
CMSC Chairman Nguyen Hoang Anh has tasked the groups andcorporations with completing their production, business and investment plansfor 2023 at the highest level, and improve production and business efficiency,and preserve and develop capital and resources allocated by the State.
As of the end of 2022, the groups and corporations under theCMSC had held about 63% of the total equity of State-owned enterprises andabout 65% of their total assets./.
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A corner of Thu Duc city in Ho Chi Minh City (Photo: nhandan.vn) 
Illustrative image (Photo: nhandan.vn) 
