Majority of groups, corporations fulfil 2019 targets
A majority of groups and corporations fulfilled 2019 targets assigned by the Committee for Management of State Capital at Enterprises (CMSC), heard a conference in Hanoi on January 16.
At the event
CMSC Vice Chairman Ho Sy Hung said the total revenue of 19 groups andcorporations surpassed 1.48 quadrillion VND (64.2 billion USD) in 2019, up 6.4percent year-on-year. Their before-tax profit went up 28 percent to over 99.8trillion VND.
Their revenue to the Statebudget surpassed 221 trillion VND, up 17.6 percent from 2018.
The CMSC pointed out thatseveral works are less efficient, causing losses of State capital andassets, while restructuring, equitisation and divestment in State-owned enterprises (SOEs) remain slow.
Speaking at the event, PrimeMinister Nguyen Xuan Phuc asked the enterprises to perform better in terms ofrevenue and governance, as well as promptly deal with existing difficulties.
CMSC Nguyen Hoang Anh said thecommittee will continue suggesting amendments and supplements to laws tofacilitate restructuring, equitisation and divestment; strengthen managerialstaff and representatives of State capital at SOEs, as well as rotate anddeploy qualified personnel between the CMSC and SOEs./.VNA