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Over VND2.3tril. worth of debts collected for the State budget
In 2007, with effective support from representatives of the State's ownership in enterprises, the State Capital Investment Corporation (SCIC) collected more than VND 2.3 trillion as debts from sale of State's owned stake and dividends, according to Mr Hoang Nguyen Hoc, SCIC Deputy General Director.
Mr Hoc was addressing a meeting of representatives of State's ownership in enterprises in the north held in Hanoi on July 25.
After two years of operations, SCIC has managed a total State-owned capital worth VND 7.7 trillion in 876 enterprises. Total SCIC's representatives in these enterprises have exceeded 1,000 people, down 30% compared to the time when SCIC started operations. Up to 80% of these SCIC's representatives are leaders of enterprises.
Through its representatives, SCIC has co-ordinated with enterprises to timely treat with problems that have occurred, give them consultancy as well as help them build development orientations and business strategies, thus contributing to promoting the value of enterprises and, at the same time, the efficiency of the State's investment capital in these enterprises.
In 2007, the effective co-ordination of Representatives has helped SCIC carry out the rights and obligations of a State shareholder at these enterprises; participate in investment in additional capital issuance projects of 47 enterprises with a total investment of over VND 1.1 trillion and reject more investment in 36 other enterprises.
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