Twelve SOEs report losses in 2019
The Ministry of Finance has revealed that twelve out of 136 wholly state-owned enterprises had posted losses of $31 million in the first half of last year, and six others faced warnings regarding financial security.
The report pointed out state-owned enterprises (SOEs) that posted big losses, including VietnamMaritime Corporation, Vietnam Coffee Corporation and Corporation 15, with 617billion VND, 37 billion VND and 48 billion VND, respectively.
The report focused onevaluating business performance and publicised financial informationfrom SOEs and enterprises that had at least 50 percent of theircharter capital controlled by the State.
As of November 30, fourout of 20 ministries, ministerial-level agencies and Government agencieshad not submitted full financial reports for the SOEs under theirmanagement, the report said.
On top of that, ten out of the63 People's Committees in the country's provinces and cities hadnot submitted the required reports.
According to the report, in thefirst half of 2019, 136 SOEs gained total revenue of about 344.95 trillion (14.86billion USD) and a total post-tax profit of 29.87 trillion VND (1.28 billionUSD), of which 124 were profitable businesses./. VNA