Greater efforts and determination were needed to thoroughly tackle stagnant State-owned projects and new resources and motivation to revive these projects and enable them to promote the country’s economic development.
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.
The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled nearly VND21 trillion (US$905 million) as of the end of 2019, most were overdue.
Deputy Prime Minister Vuong Dinh Hue told the Ministry of Industry and Trade (MoIT) to hasten the handling of 12 inefficient projects under its management at an working session on Wednesday.
Deputy Prime Minister Vuong Dinh Hue has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.