The above information was announced by the State Capital Management Committee at enterprises when reporting at the year-end conference held this morning, December 20.

Accordingly, despite many difficulties and challenges, state-owned corporations and groups recorded business results exceeding plans.

Mr. Le Manh Hung, General Director of Vietnam Oil and Gas Group (PVN), said that PVN has completed all production and business targets. Regarding production, the increase in reserves reached over 13 million tons, exceeding the plan by 83%. Oil and gas exploitation completed about 10.43 million tons and will exceed the plan by about 12.3%.

Gas exploitation reached about 7.48 billion m3 of gas, exceeding the plan by 26% but only reaching about 92% of the production capacity. Regarding gasoline production, PVN reached 7.35 million tons, exceeding the plan by 33% and increasing by 5.6% compared to the same period (if including the output of Nghi Son Oil Refinery, which is 11.88 million tons). Nitrogen production reached 1.75 million tons, reaching 94% of the yearly plan.

PVN's total revenue in 2023 is about VND 940,500 billion, an increase compared to 2022. The group's budget contribution is VND 151,800 billion, exceeding 94% of the plan, with consolidated profit reaching approximately VND 54,000 billion.

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Oil and gas make a large contribution to the state budget. (Photo: PVEP).

Meanwhile, according to Vietnam National Tobacco Corporation (Vinataba), in 2023, this unit achieved total revenue of 30,150 billion VND, exceeding the plan by 10%. Export turnover reached 252 million USD, exceeding the plan by 35%. Profit reached 1,819 billion VND, exceeding the plan by nearly 30%. Budget contribution reached nearly 14,000 billion VND. Average income reached nearly 23 million VND/person/month.

According to Mr. Ngo Hoang Ngan, Chairman of the Board of Directors of Vietnam National Coal and Mineral Industries Group (TKV), in 2023, TKV will pay the highest amount to the state budget ever, and its revenue and profit targets will also increase compared to the plan.

Paying the budget nearly 80,000 billion VND

According to the report of the State Capital Management Committee at Enterprises, in 2023, the total revenue of parent companies of 19 state-owned corporations and groups reached 1,135 trillion VND, equal to 105.15% of the plan and 96.57% compared to the same period in 2022.

Pre-tax profit reached VND 53,256.32 billion (excluding EVN), equal to 166.09% of the plan and 110.92% over the same period in 2022.

These 19 corporations and general companies paid the state budget 79,252.01 billion VND, equal to 199.96% of the plan and 120.22% compared to the same period in 2022.

Regarding development investment, the disbursed capital is more than 161,000 billion VND (equal to nearly 80% of the yearly plan). Corporations in the energy sector have a high investment disbursement rate. The entire TKV Group has completed investment of 8,773 billion VND/9,006 billion VND, equivalent to 97% of the plan.

EVN completed the investment of VND90,997 billion/VND91,920 billion, equivalent to 99% of the plan. PVN completed the investment of VND31,853 billion/VND57,752 billion, much higher than the total investment value of recent years.

Many transport and energy infrastructure projects have been completed or have had their obstacles and difficulties resolved for implementation. The Ben Luc - Long Thanh Expressway construction project and the Thi Vai LNG import terminal with a capacity of 1 million tons were completed and put into operation on October 29. Phu Bai International Airport was completed and put into operation on April 28. The Dien Bien Airport expansion construction project was completed and put into operation on December 2.

TKV representative shared that the group can increase production to meet the raw material demand for the electricity industry, but when increasing production, it will exceed the license. Therefore, TKV representative proposed to remove this bottleneck in 2024, the year TKV expects coal production to increase to 50 million tons.

In 2024, units will urgently develop and complete important strategies, plans, projects, and organizational charters to submit to competent authorities for consideration and approval, as a basis for implementing strategies, production and business plans and investment development for the 5-year period 2021-2025; restructuring projects for groups and corporations for the period 2021-2025; amending and supplementing the organizational and operational charters in accordance with newly issued legal regulations.