A ship of Vinalines (Photo: shipspotting)Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines)surpassed all its production and business targets set for 2018, with itsmaritime transport output reaching 24.3 million tonnes of goods, and totalrevenue hitting 13.85 trillion VND (592.8 million USD).
The figures are equalto 113 percent and 101.6 percent of the set targets, respectively, saidVinalines Acting General Director Nguyen Canh Tinh at a working session withChairman of the Committee for Management of State Capital at Enterprises (CMSC)Nguyen Hoang Anh in Hanoi on December 21.
In the year, theoutput of goods through ports hit nearly 98 million tonnes, meeting the setgoal, while pre-tax profits reached 348 billion VND (14.8 million USD) – apositive result thanks to efforts to step up financial restructuring and assetsettlement, strictly monitor business and production activities, and developconsumers, Tinh shared, adding that loss by maritime transport had been cutdown by 70 percent.
Next year, Vinalinesset targets of 18 million tonnes of goods transported by sea, 107 milliontonnes of goods handled at its ports, 12.7 trillion VND in revenue and over 710billion VND of pre-tax profit, he stated.
He also suggested enhancingconnectivity between enterprises managed by the CMSC in investment, businessadministration, IT application, and in using each other’s services.
Anh reminded thatVinalines should build its business plan in line with the committee’s generalplan, and define its position in the country’s Sea-based Economic DevelopmentStrategy.
Vinalines, founded in1995, is a fully State-owned enterprise. It was transformed into a holdingcompany in 2006 and a State-owned one member limited company in 2010. Thecorporation has made various restructuring steps to improve its businessresults after several years of sharply falling profits.
The CMSC, establishedby the Government, debuted late September.
It is managing 19State-owned economic groups and corporations. According to consolidatedfinancial statements by December 31, 2017, the total value of the State equityat these 19 firms topped 1 quadrillion VND (43 billion USD) and total assetvalue was 2.3 quadrillion VND.-VNA
The figures are equalto 113 percent and 101.6 percent of the set targets, respectively, saidVinalines Acting General Director Nguyen Canh Tinh at a working session withChairman of the Committee for Management of State Capital at Enterprises (CMSC)Nguyen Hoang Anh in Hanoi on December 21.
In the year, theoutput of goods through ports hit nearly 98 million tonnes, meeting the setgoal, while pre-tax profits reached 348 billion VND (14.8 million USD) – apositive result thanks to efforts to step up financial restructuring and assetsettlement, strictly monitor business and production activities, and developconsumers, Tinh shared, adding that loss by maritime transport had been cutdown by 70 percent.
Next year, Vinalinesset targets of 18 million tonnes of goods transported by sea, 107 milliontonnes of goods handled at its ports, 12.7 trillion VND in revenue and over 710billion VND of pre-tax profit, he stated.
He also suggested enhancingconnectivity between enterprises managed by the CMSC in investment, businessadministration, IT application, and in using each other’s services.
Anh reminded thatVinalines should build its business plan in line with the committee’s generalplan, and define its position in the country’s Sea-based Economic DevelopmentStrategy.
Vinalines, founded in1995, is a fully State-owned enterprise. It was transformed into a holdingcompany in 2006 and a State-owned one member limited company in 2010. Thecorporation has made various restructuring steps to improve its businessresults after several years of sharply falling profits.
The CMSC, establishedby the Government, debuted late September.
It is managing 19State-owned economic groups and corporations. According to consolidatedfinancial statements by December 31, 2017, the total value of the State equityat these 19 firms topped 1 quadrillion VND (43 billion USD) and total assetvalue was 2.3 quadrillion VND.-VNA
VNA
