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Loss-making

Positive changes seen with loss-incurring SoEs: CMSC

Positive changes seen with loss-incurring SoEs: CMSC

Hồ Sỹ Hùng, deputy chairman of the Commission for the Management of State Capital at Enterprises (CMSC) talked to the Vietnam News Agency (VNA) about challenges and difficulties in managing billion-dollar State-owned-enterprises (SoEs), many of which have been incurring heavy...
Comprehensive solution needed to support loss-making enterprises

Comprehensive solution needed to support loss-making enterprises

Statistics of financial data provider Fiin Group showed that in the fourth quarter of 2022, there were about 251 loss-making enterprises out of a total of about 1,000 enterprises that published financial statements.
Some struggling projects start to post profits

Some struggling projects start to post profits

The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after dozen of years in stagnation.
Loss-making projects turn fortunes around

Loss-making projects turn fortunes around

With directions from the Prime Minister, and relevant ministries and sectors, the Committee for Management of State Capital at Enterprises (CMSC) has solved difficulties in MoIT''s delayed and loss-making projects. 
Let inefficient projects go bankrupt: Deputy PM

Let inefficient projects go bankrupt: Deputy PM

Long An Province has proposed to the Government to convert Phuong Nam Pulp Mill into a 100-ha eco-urban area as a measure to handle this heavily-failed project.
Projects post 1.13 billion in losses

Projects post $1.13 billion in losses

The Government’s report to National Assembly’s deputies has released s about the 12 loss-making projects.
Three MoIT projects to be taken out from loss-making list

Three MoIT projects to be taken out from loss-making list

Government’s steering committee on loss-making projects would report to the PM to remove three of the 12 projects from the list in August.
Loss-making, low-profitability firms to be eliminated

Loss-making, low-profitability firms to be eliminated

Loss-making, low-profitability State-owned agriculture firms should be dissolved and made bankrupt, said Deputy Prime Minister Vuong Dinh Hue on August 21.
MoIT hands over loss-making projects to CMSC

MoIT hands over loss-making projects to CMSC

The committee will take responsibility to resolve the shortcomings at 11 projects.
Loss-making projects to be handled in 2020

Loss-making projects to be handled in 2020

Twelve delayed or loss making projects under the Ministry of Industry and Trade (MoIT) would be resolved by 2020.
Truong Thanh Furniture wants 43m merger

Truong Thanh Furniture wants $43m merger

Truong Thanh Furniture Corporation will seek shareholders’ approval for a merger with another company which work in the same area in an effort to restructure the loss-making company.
MoITs projects increase losses

MoIT’s projects increase losses

Ten out of 12 loss-making projects under the management of the Ministry of Industry and Trade (MoIT) have continued falling in the negative numbers, the ministry’s report said.
Polyester plant to resume operations in April

Polyester plant to resume operations in April

The Dinh Vu Polyester Fibre Plant (PVTex) will resume the operation of three production lines on April 18, targeting an output of 189 tonnes of yarn in the first month.
Govt funds wont rescue loss-making projects

Gov’t funds won’t rescue loss-making projects

The Government would not use public funds to rescue 12 loss-making projects under the jurisdiction of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Vuong Dinh Hue said.
PM approves plan for loss-making projects

PM approves plan for loss-making projects

The Prime Minister recently issued a decision outlining solutions for loss-making projects under the management of the Ministry of Industry and Trade. The aim is to turn them into efficient projects by 2020, at the latest, or let them be dissolved.