The State Capital Investment Corporation (SCIC) earned revenue of nearly VND10.7 trillion ($456 million) in 2022, a year-on-year rise of 51 per cent.

The figure is also 35 per cent higher than the yearly target.

After-tax profit was VND6.83 trillion ($291.5 million), or 91 per cent higher than the yearly plan.

As the representative of State capital in enterprises, the SCIC has so far taken over ten of 14 enterprises with a total book value of VND8.52 trillion ($358 million) out of charter capital of nearly VND13.55 trillion ($569 million).

Since the beginning of 2022, the SCIC has successfully sold State capital at 26 enterprises with a total value of nearly VND1.68 trillion ($70 million). It will continue to coordinate with relevant ministries and sectors to sell State capital in the future.

The SCIC will maintain its focus on implementing governance measures this year through its role as State shareholder, promoting restructuring to improve operational efficiency and handling problems arising at companies, especially those with large capital and a complicated financial situation.