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state investment
Update news state investment
State-invested enterprises: VND1.7 quadrillion in capital, tens of trillions of VND in losses
The capital the State has invested in 807 enterprises totals VND1.7 quadrillion. Pre-tax profit is VND162 trillion, and losses are up to tens of trillions of dong.
State to divest from six major enterprises, raking in US$600-800 million in Q1/2022
The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VND15 trillion and VND20 trillion (US$652-870 million) for the State budget.
Inefficient State-invested projects must be removed from list: PM
The Cabinet leader recently issued a directive urging relevant agencies and localities to accelerate public investment disbursement and improve the quality of the mid-term public investment plan between 2021 and 2025.
12 loss-making mega-projects proceed slowly
The assets of the 12 loss-making mega-projects under the Ministry of Industry and Trade (MOIT) total VND59.1 trillion, while total accounts payable is VND63.3 trillion.
