Government institutions contribute to maintaining the national economy Economy

Hanoi (VNA)- In the difficult environment of the global economy, generally Vietnam’s state-owned enterprises and groups under the State Capital Management Committee in 19 companies and enterprises actively contribute to maintaining the national macro economy.

So far this year, there have been strong changes in the global geopolitical situation, which has led to the reorganization of economic management policies of world countries and Vietnam, which directly affects the activities of the national business community, the head of the committee said. Nguyen Hoang Anh.

Overcoming difficulties and challenges, achieving development goals, securing essential commodities, ensuring a better balance in the economy, increasing investment in key sectors such as energy, transport infrastructure, digital transformation, telecommunications, information technology and manufacturing. Government institutions today, he said.

Nguyen Hoang Anh estimated that thanks to strict measures and effective solutions, 19 state-owned enterprises and groups have basically achieved the outlined production and business rates.

According to preliminary calculations, the income of state enterprises and groups in the first half of 2023 reached 24.8 billion dollars, which is equivalent to 53.7% of the annual plan and an increase of 4% compared to the same period in 2022.

In addition, the pre-tax profit of the aforementioned companies (excluding the profit of Vietnam Electricity Group) exceeded $770 million, which is 56.7% of the set annual target.

State enterprises contributed about 1.43 billion dollars to the state budget, which is 2% more than in the same period of the previous year.

With major export items such as crude oil, textiles and apparel, rubber, cigarettes and fertilizers, some groups and corporations have contributed significantly to national export activities.

Through their production and business activities, state-owned groups and corporations continue to maintain status and efficiency in various key economic sectors of the national economy.

In particular, considering the change in supply sources and rising fuel prices in the world, the Government Institutions The departments have guaranteed supply of essential commodities like electricity, coal, natural gas, petrol and diesel.

According to data from Vietnam’s Ministry of Planning and Investment, by the end of 2022, companies and groups under the management of the Executive Committee State capitals In enterprises they occupy 63% of the total capital and 65% of the assets of the state business sector.