Deputy Prime Minister asked 2 ministries to investigate Vicem's loss of thousands of billions of dong.

(Dan Tri) - Deputy Prime Minister Tran Hong Ha requested a review of the information reflecting that Vietnam Cement Corporation (Vicem) lost 1,400 billion VND, clarify the cause and propose solutions in the coming time.

According to Document No. 186 of the Government Office , Deputy Prime Minister Tran Hong Ha requested the Ministry of Construction to preside over and coordinate with the Ministry of Finance and relevant agencies to review the reported incident of Vietnam Cement Corporation (Vicem) making a loss for the second consecutive year when its consolidated profit in 2024 was negative VND 1,400 billion.

The Deputy Prime Minister asked these units to clarify the reasons for Vicem’s loss of thousands of billions of VND and propose solutions in the coming time. The above contents must be reported to the Prime Minister before January 15.

The Deputy Prime Minister requested the Ministry of Construction and the Ministry of Finance to clarify the reasons for Vicem's loss of thousands of billions and propose solutions in the coming time (Photo: Vicem).

As Dan Tri reported, the 2024 summary report and 2025 mission orientation of the Ministry of Construction said that Vietnam Cement Corporation (Vicem) recorded a loss of up to 1,402 billion VND. Although the loss was reduced by 177.5 billion VND compared to the original plan, this is still the second consecutive year that Vicem has fallen into a loss situation (in 2023, it lost more than 1,100 billion VND). The parent company Vicem lost nearly 237 billion VND in 2024.

Vicem is also the only unit among the six enterprises under the Ministry of Construction that suffered a loss last year.

In November 2024, the Ministry of Finance Inspectorate also announced the conclusion of its inspection of Vietnam Cement Corporation (Vicem). According to the conclusion, some investments at Vicem's parent company pose a risk of losing investment capital. Specifically, on December 31, 2023, Vicem's parent company made provisions for investment losses of more than VND 3,000 billion for 7 investments.

The Ministry of Finance Inspectorate requested Vicem to review and evaluate the financial accounts of inefficient businesses. Vicem must direct the representatives of capital contributions at these parties to consult with the Board of Members and the Board of Directors to develop specific plans to overcome financial difficulties and prolonged accumulated losses.

The Inspectorate also requested Vicem to urgently review and decide on appropriate financial supervision of companies showing signs of financial insecurity.

Source: https://dantri.com.vn/bat-dong-san/pho-thu-tuong-yeu-cau-2-bo-vao-cuoc-ra-soat-viec-vicem-lo-ca-nghin-ty-dong-20250108233954594.htm