SCIC reports $286 million in pre-tax profit for 2020

January 16, 2021 - 07:49

The State Capital Investment Corporation (SCIC) announced on Thursday that its pre-tax profit increased 36 per cent in 2020 compared to the year prior, hitting an estimated VNĐ6.58 trillion (around US$286 million).

SCIC posted revenue of over VNĐ7.94 trillion, up 15 per cent. — Photo economy.vn

HÀ NỘI — The State Capital Investment Corporation (SCIC) announced on Thursday that its pre-tax profit increased 36 per cent in 2020 compared to the year prior, hitting an estimated VNĐ6.58 trillion (around US$286 million).

The corporation posted revenue of more than VNĐ7.94 trillion, up 15 per cent.

It contributed some VNĐ9.33 trillion to the State budget, 2.7 times higher than the annual plan.

General Director Nguyễn Chí Thanh revealed the goals set by the corporation for 2021, saying it will prioritise investment in a number of key sectors, fields, and projects.

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 and developing State capital, Thanh said.

It sold stakes in 253 companies in 2015-2020 and part of shares in 14 others, collecting more than VNĐ42.1 trillion.

Its investment disbursement has totalled VNĐ14.97 trillion over the last five years. — VNS

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