All 19 State-owned corporations and groups are operating stably and do not have any high-risk projects, according to the Commission for the Management of State Capital at Enterprises (CMSC).

It held a meeting in Hanoi on February 24 to review operations, production, and trade and investment activities at these corporations and groups and to seek measures to promote their roles in socio-economic development.

Figures show that State-owned corporations and groups have demonstrated their key role and position in many important economic sectors, making significant contributions to the State budget, ensuring major balances, stabilizing the macro-economy, and implementing social security policies.

Some hold important market share in many sectors, with around 87 per cent in power generation, 50 per cent in retail gasoline sales, 70 per cent in fertilizer production, 45 per cent in mobile phone subscriptions, 49 per cent in domestic passenger transport, and 16 per cent in maritime goods transport.

In 2022, they supplied 242.7 billion kWh of electricity, 8.08 billion cu m of gas, 42.2 million tons of clean coal, and 13.76 million cu m of oil and gasoline, and transported 124.7 million passengers and 131 million tons of cargo.