Revenue of 19 corporations and general companies reached over 1 trillion VND in the first 6 months.

Mr. Nguyen Hoang Anh – Member of the Central Committee of the Party, Chairman of the Committee – attended and delivered a keynote speech at the Conference. Photo: Phuong Ha

At the conference summarizing the work of the first six months and outlining tasks for the last six months of 2024, recently held in Hanoi , Mr. Nguyen Hoang Anh – Chairman of the State Capital Management Committee at Enterprises, stated: After five years of operation, with the attention of the Party, the National Assembly, the Government, the Prime Minister and Deputy Prime Ministers, the coordination of central agencies, and the support and cooperation of the Party Committee of the Central Agencies Bloc and the Party Committee of the Central Enterprises Bloc, the activities of the Committee and the 19 enterprises under its ownership representation have achieved positive results.

Overview of the conference. Photo by Phuong Ha.

According to Chairman Nguyen Hoang Anh, corporations and general companies continue to clearly demonstrate their core role in a number of industries and sectors, generating significant revenue for the State budget, contributing to ensuring major balances, stabilizing the macroeconomy , contributing to infrastructure development, creating resources for the development of industries, sectors and the entire economy, and at the same time, effectively implementing social welfare policies.

Presenting the report at the Conference, Mr. Pham Van Son – Director of the General Affairs Department – ​​stated: In the first six months of 2024, the State Capital Management Committee at Enterprises issued and implemented the Action Program to implement Resolution No. 01/NQ-CP and Resolution No. 02/NQ-CP dated January 5, 2024 of the Government ; which sets out specific tasks and solutions for the Committee and enterprises under its ownership representation, aiming to improve the operational efficiency of corporations and general companies; contributing to the successful completion of tasks, goals, and targets of the socio-economic development plan and the state budget estimate, and improving the business environment and enhancing national competitiveness in 2024.

As the standing agency of the Steering Committee for addressing shortcomings and weaknesses in a number of slow-progressing and inefficient projects and enterprises in the Industry and Trade sector, the Committee has fully and effectively carried out its assigned tasks.

Regarding the handling of the Phase 2 expansion project of Thai Nguyen Iron and Steel Plant (TISCO 2), based on the results of the inventory and the results of negotiations on the termination and liquidation of the EPC contract, the Committee will report to the competent authority on the handling plan for the TISCO 2 project in accordance with regulations.

Regarding the proposed solution for the Lao Cai Iron and Steel Plant Project of Vietnam-China Mineral and Metallurgical Company Limited (VTM), the Committee has submitted a report to the Standing Committee of the Government requesting approval of the draft report to the Politburo on the proposed solution for the Quy Xa iron ore mining and processing project and the VTM project.

The Committee will finalize the dossier and report to the Politburo in accordance with the conclusions of the Standing Committee of the Government in the near future. Regarding the handling of the Dung Quat Shipyard Project (DQS), following the directives of the Prime Minister and the Deputy Prime Minister, the Committee has met with relevant ministries and agencies and directed the Vietnam Oil and Gas Group (Petrovietnam) to work with and reach an agreement with relevant parties on Petrovietnam's proposed mechanism for handling DQS.

On July 3rd, the Committee submitted a report to the Standing Committee of the Government regarding the proposed solution for handling DQS. The Committee will finalize the dossier and report to the Politburo in accordance with the conclusions of the Standing Committee of the Government.

Delegates attending the conference. Photo by Phuong Ha.

Regarding the consolidated financial situation of the 19 Corporations and General Companies represented by the Committee as the owner, estimated revenue reached over 1,000,000 billion VND, equivalent to 76.28% of the annual plan and 113% compared to the same period last year. Estimated pre-tax profit reached approximately 57,000 billion VND, equivalent to 127% of the annual plan and 127% compared to the same period in 2023. The value of contributions to the State budget is estimated at over 86,000 billion VND, equivalent to 75.24% of the annual plan.

Regarding investment and development, the consolidated investment value of the 19 corporations and general companies represented by the Committee as the owner reached nearly VND 67,000 billion by the end of June 2024, equivalent to 120% compared to the same period in 2023. Disbursement progress in the last six months of 2024 is expected to continue to increase after the obstacles and difficulties have been addressed and resolved by competent authorities, providing a basis for the corporations and general companies to complete investment procedures for key projects that play a role in socio-economic development.

Source: https://laodong.vn/kinh-doanh/doanh-thu-19-tap-doan-tong-cong-ty-dat-hon-1-trieu-ti-dong-trong-6-thang-1367558.ldo