Finance Ministry requested to report on dividend worth millions of USD
Finance Ministry requested to report on dividend worth millions of USD
After the media reported that several state corporations, including the Ministry of Finance, received dividend worth a trillion Vietnam dong, Deputy Prime Minister Vu Van Ninh has requested the Ministry to report on this issue.
Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance to report to the government about its dividend worth trillions of Vietnam dong (hundreds of millions of USD). It is said that annually, the state capital in state corporations brings about dividend of hundreds of millions of US dollars and this amount of money must be added to the State budget for reinvestment.
According to Tuoi Tre newspaper, many experts believed that the dividend from the state capital in state corporations amounted to tens of trillions of dong. VnExpress.net on June 7 also cited a series of state corporations earning high dividends from the use of State funds.
For example, the Finance Ministry received a VND720 billion dividend ($36 million) from the Bao Viet Group, in which the Ministry is the representative of the State capital (71 percent).
The State Capital Investment Corporation (SCIC) is also a major shareholder of several companies. SCIC’s dividends at Vinaconex, Dabaco, Vinarea and Bao Minh are up to more than VND1 trillion ($50 million), not including shares in Vinamilk.
Similarly, the National Oil and Gas Group (PetroVietnam) can earn up to VND5.5 trillion ($275 million) from its shares in the Vietnam Gas Corporation (Petro Gas).
vietnamnet
