SCIC reports 286 mln USD in pre-tax profit for 2020
The State Capital Investment Corporation (SCIC) announced on January 14 that its pre-tax profit soared over 36 percent in 2020, hitting an estimated 6.58 trillion VND (around 286 million USD).
Hanoi (VNA) - The State Capital InvestmentCorporation (SCIC) announced on January 14 that its pre-tax profit soared over 36percent in 2020, hitting an estimated 6.58 trillion VND (around 286 million USD).
The corporation posted revenue of over 7.94trillion VND, up 15 percent.
It contributed over 9.33 trillion VND to the State budget, 2.7 times higher than the annual plan.
General Director Nguyen Chi Thanh revealed the plans set by the corporationfor 2021, saying it will give priority to considering investment possibilities ina number of key sectors, fields, and projects, while ensuring its financial capacityand investment effectiveness in accordance with market principles.
The divestment of State capital in the SCIC’s enterprises was implemented in line with legal regulations,ensuring publicity and transparency, achieving high efficiency, and preserving anddeveloping State capital, Thanh said.
It successfully sold stakes in 253 companies in the 2015-2020 period and part ofshares in 14 others, collecting over 42.1 trillion VND.
Its investment disbursement has totalled 14.97trillion VND over the last five years./.
The Ministry of Industry and Trade (MoIT) late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC).
The State Capital Investment Corporation (SCIC) has declared an estimated pre-tax profit of nearly 6.6 trillion VND (286.3 million USD) in 2020, up 36 percent compared to the target set for the year.
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Illustrative photo (Source: Vneconomy) 
