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Rice exports increased sharply. Photo: Internet.

Expanding markets and promote exports

In 2023, the total revenue of parent companies of 19 groups and corporations will reach more than VND 1,135 million billion, equal to 105.15% of the 2023 plan and 96.57% compared to the same period in 2022. Pre-profit Tax reached more than VND 53,256 billion (excluding Vietnam Electricity Group - EVN), equal to 166.09% of the 2023 plan and 110.92% compared to the same period in 2022. State budget payment reached more than VND 79,252 billion, equal to 199.96% of the 2023 plan and 120.22% compared to the same period in 2022.

Of these, 14/19 groups and corporations completed and exceeded their revenue plans. 15/19 corporations and corporations completed and exceeded their pre-tax profit plans. 3 corporations and corporations did not complete their profit plans: Vietnam Rubber Group (VRG), Vietnam Rubber Corporation (VRG), Vietnam Rubber Corporation (VRG), Vietnam Expressway Development Investment Corporation (VEC), Vietnam Airlines Joint Stock Corporation (VNA). 16/19 groups and corporations completed and exceeded the plan for paying to the state budget.

Regarding export, a number of corporations and corporations have actively expanded markets, promoted export activities, contributing to the growth of export turnover of the country.

For example, tobacco product export output exceeded the yearly plan by 24%, increased by 24% over the same period and accounted for 79% of the entire industry's export output.

In particular, rice exports increased sharply. Of which, the rice export turnover of the Northern Food Corporation (Vinafood1) is estimated at US$ 523.31 million, equal to 176.4% of the year's plan (the parent company is estimated at 360.02 million USD, equal to 141.6% of the year's plan); Rice export turnover of the Southern Food Corporation (Vinafood2) reached US $ 700.774 million, equal to 209.75% of the year plan and 163.28% over the same period (the parent company reached US $391.531 million, equal to US $ 239.75% million of the year's plan and equal to 163.44% over the same period)...

Sharing more about the reasons for increased exports, Mr. Phan Xuan Que, General Director of Vinafood 1, said that in 2023, the Corporation's purchased and sold food output is estimated to reach over 1.7 million tons, reached 130% of the plan, export turnover was over US $500 million.

Mr. Que commented that rice exports are currently reaching a record turnover for many years. The reason is that the rice industry is having a good harvest and good prices, farmers are increasing production, so businesses have an abundant source of goods to consume. Furthermore, rice exporting enterprises, including Vinafood1, have received timely support and direction from management agencies, helping businesses feel secure in organizing production, purchasing, processing, and utilization, taking advantage of export opportunities.

Continuing to complete investment procedures for key projects

Regarding development investment, in 2023, the amount of disbursed investment capital of 19 groups and corporations whose owners are represented by the Committee is more than VND 161 trillion (equal to nearly 80% of the year's plan).

Among them, corporations in the energy sector have high investment disbursement rates. For example, Vietnam Coal and Mineral Industries Group (TKV) is equal to 83% of the year's plan, EVN is equal to 99% of the year's plan.

In addition, some corporations and corporations have high investment completion rates, such as TKV which has completed investment of VND 8,773 billion / VND 9,006 billion, equivalent to 97% of the investment plan; EVN completed the investment of VND 90,997 billion /VND 91,920 billion, equivalent to 99% of the investment plan; Vietnam Oil and Gas Group (PVN) completed the investment of VND 31,853 billion/VND 57,752 billion, much higher than the total investment value of recent years.

Along with that, in 2023, many transportation and energy infrastructure projects have been completed or obstacles and difficulties have been removed for implementation.

Specifically, the Ben Luc - Long Thanh highway construction project and Thi Vai LNG import terminal with a capacity of one million tons have been completed and put into operation from October 29, 2023; The Dien Bien Airport expansion construction project has been completed and put into operation from December 2, 2023.

Investment projects to build container terminals No. 3 and No. 4 of Hai Phong International Gateway Port, component 3 - Long Thanh International Airport phase 1, construction of passenger terminal T3 - Airport Tan Son Nhat International Airport, construction and expansion of international terminal T2 - Noi Bai International Airport, construction of terminal T2 - Phu Bai International Airport have been completed and put into operation from April 28 /2023.

According to the Committee's assessment, some groups and corporations have not achieved a number of production and business plan targets assigned by the Committee. Some investment projects are behind schedule in implementation and disbursement, and the settlement of capital construction projects is prolonged, reducing the efficiency of resource use.

Furthermore, restructuring, equitization, divestment, and rearrangement of houses and land at corporations and corporations are generally slow compared to proposed requirements. Some groups and corporations have not implemented the reporting regime on time, especially for financial reports and financial supervision.

Therefore, the Committee requests that corporations and corporations strive to complete at the highest level their production, business and investment and development plans for 2024; improve production and business efficiency; preserve and develop capital and resources assigned by the State; Urgently innovate and modernize corporate governance according to market economic mechanisms and international principles and standards...