Total revenue of groups, corporations hits nearly 900 trillion VND
The combined revenue of 17 out of 19 groups and corporations under the Commission for the Management of State Capital at Enterprises was estimated at over 892.16 trillion VND (38.05 billion USD) in the first half of this year, equivalent to 90% of the yearly target and up 27% year-on-year.
Hanoi (VNA) – The combined revenue of 17out of 19 groups and corporations under the Commission for the Management ofState Capital at Enterprises was estimated at over 892.16 trillion VND (38.05billion USD) in the first half of this year, equivalent to 90% of the yearlytarget and up 27% year-on-year.
The figure does not include the revenue of StateCapital Investment Corporation (SCIC) and Vietnam Expressway DevelopmentInvestment Corporation (VEC).
Ho Sy Hung, Vice Chairman of the Commission,reported at a conference in Hanoi on July 19 that pre-tax profit of the 17enterprises totaled 53.27 trillion VND, exceeding the yearly target by 39% andequivalent to 91% of the figure reported in the same period last year.
Outstanding performers include the Vietnam Oil andGas Group (PetroVietnam), the Vietnam National Chemical Group (Vinachem) andthe Airports Corporation of Vietnam (ACV).
Except for the Vietnam Rubber Group (VFG), SCIC andVEC, the remaining 16 firms contributed some 125.82 trillion VND to the Statebudget, surpassing the yearly target by 1%, and up 21% year-on-year.
Hung said the Commission, groups and corporationshave actively coordinated with ministries, agencies and localities to roll outmany key, urgent projects such as Song Hau 1 Thermal Power Plant, Thai Binh 2Thermal Power Plant, Dung Quat Oil Refinery Upgrading and Expansion project, andthe first phase of Long Thanh International Airport.
The Commission has also issued documents guiding theenterprises in equitisation, capital divestment and restructuring, he added.
Nguyen Hoang Anh, Chairman of the Commission, said inthe last six months the Commission will concertedly take solutions to supportthe groups and corporations in production and business; consider, approve orsubmit projects, strategies and plans to competent agencies; and accelerate theimplementation of key projects.
Meanwhile, the 19 enterprises should ensure theprogress and transparency of restructuring, equitisation and State capital divestmentin line with legal regulations, he said./.
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At the conference (Source: cmsc.gov.vn) 
