The Authorities has simply reported to the Nationwide Meeting on further evaluation of the outcomes of implementing the 2023 Socio-Financial Improvement Plan; implementation of the 2024 Socio-Financial Improvement Plan.
Moreover constructive outcomes, the Authorities additionally identified difficulties and limitations. Amongst them, the equitization of state-owned enterprises remains to be sluggish. The dealing with of divestment of state-owned enterprises faces many difficulties and procedural issues. Some enterprises and initiatives with giant funding capital from the State are at a loss, working ineffectively, not on time,…
A notable level on this report is that firms beneath Vietnam Cement Company (Vicem) at the moment have losses of practically 300 billion VND, unfavourable earnings of 144 billion VND.
Beforehand, within the record of cement manufacturing enterprises with unfavourable after-tax earnings in 2023, inventory codes weren’t eligible for margin buying and selling that the Hanoi Inventory Trade issued in April, There are various notable names equivalent to: Bim Son Cement Joint Inventory Firm, Vicem However Son Cement Joint Inventory Firm, Hai Phong Cement Buying and selling, Companies and Transport Joint Inventory Firm, Vicem Hoang Mai Cement Joint Inventory Firm…
These are giant enterprises within the cement trade.
Recorded within the first quarter of 2024, Vicem Ha Tien Cement Joint Inventory Firm, Bim Son Cement Joint Inventory Firm and plenty of giant and small names within the cement trade recorded unsatisfactory enterprise outcomes, even extended losses.
Particularly, Vicem Ha Tien recorded income within the first quarter of 2024 lowering by practically 12% in comparison with the identical interval final 12 months, all the way down to 1,495 billion VND as a result of decreased cement consumption within the quarter; The corporate’s after-tax loss was practically 25 billion VND.
Equally, Bim Son Cement (BCC code) recorded web income within the first quarter of 2024 reaching 690 billion VND, down 18.6% over the identical interval in 2023 and a loss after tax of practically 50 billion VND, whereas in the identical interval final 12 months. earlier than a lack of 48.6 billion VND. That is the enterprise’s seventh consecutive quarter of losses because the third quarter of 2022.
