Contributed to the budget more than 1.28 million billion VND
On December 6, in Hanoi, the State Capital Management Committee at Enterprises held a conference to review the work in 2024; directions and tasks for 2025 of the Committee and 19 state-owned corporations and groups.
According to Mr. Nguyen Ngoc Canh - Vice Chairman of the State Capital Management Committee at Enterprises, the operations of 19 corporations and general companies after 5 years of being transferred to the Committee have developed continuously and stably, completing annual plans; the total value of state capital has been preserved and developed.
Despite the difficulties in nearly 3 years affected by the COVID-19 pandemic, total revenue, profit, payment to the state budget, value of implemented development investment capital and average income of workers have all increased.
To date, the total equity of 19 corporations and general companies has reached VND 1.18 million billion (up 11% compared to 2018); total assets have reached VND 2.54 million billion (up 5%); total consolidated revenue has reached VND 1.85 million billion (up 44%). Total state budget contribution in the 2018-2023 period has reached VND 1.28 million billion, accounting for an average of 10-12% of the country's total annual state budget revenue.
According to Mr. Canh, many enterprises that have suffered losses for many years or were at risk of losing money when transferred to the Committee, after the restructuring process, reorganization and replacement of key leaders, have now been operating profitably in production and business, such as: Vietnam Chemical Group, Corporations: Highway Investment and Development, Vietnam Maritime, Southern Food, Vietnam Coffee, Vietnam Railways...
In 2024 alone, in the context of the complicated and unpredictable developments in the world and domestic economy, the corporations and general companies represented by the Committee have tried to overcome difficulties and challenges, completing production and business tasks.
Total consolidated revenue of 19 corporations and general companies in 2024 is estimated at VND 2,030,572 billion, equal to 120% of the annual plan and 107% over the same period; consolidated pre-tax profit is estimated at VND 111,692 billion, equal to 158% of the annual plan and 156% over the same period; consolidated state budget payment is estimated at VND 206,206 billion, equal to 153% of the annual plan and 105% over the same period.
Many new records
According to Mr. Nguyen Ngoc Canh, in 2024, despite many difficulties, some businesses exceeded their plans in many production and business targets compared to previous years.
In particular, Vietnam Oil and Gas Group (PVN) continued to set a new record when it exceeded the whole year plan in terms of total consolidated revenue estimated at VND 966.7 trillion, exceeding the yearly plan by 32%, up 3% over the same period last year, consolidated profit before tax estimated at VND 48.9 trillion, exceeding the yearly plan by 2.2 times and paying the State budget estimated at VND 154 trillion, exceeding the yearly plan by 64%, up 2% over the same period last year.
MobiFone Telecommunications Corporation's consolidated pre-tax profit is estimated at VND2,048 billion, exceeding the yearly plan by 20.6%.
Consolidated revenue of Vietnam National Shipping Lines (VIMC) is estimated at VND 17,496 trillion, exceeding the annual plan by 30% and exceeding 25% compared to 2023.
In particular, Vietnam Airlines Corporation (VNA)'s consolidated pre-tax profit in 2024 is estimated at VND 6,264 trillion, a sharp increase over the same period last year and exceeding the annual plan by 38.5%.
Vietnam National Coffee Corporation (Vinacafe) continues to maintain profitable production and business results in 2023 after many consecutive years of losses, with consolidated revenue estimated at VND 2,252 trillion, equal to 104% of the annual plan and 103% over the same period.
