Some struggling projects start to post profits

Saturday, May 27, 2023

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

Tuesday, Dec 27, 2022

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

Monday, Dec 28, 2020

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

Tuesday, Oct 13, 2020

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

Wednesday, Aug 19, 2020

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.

MoIT hands over loss-making projects to CMSC

Friday, Jul 12, 2019

The committee will take responsibility to resolve the shortcomings at 11 projects.

Loss-making projects to be handled in 2020

Tuesday, May 28, 2019

Twelve delayed or loss making projects under the Ministry of Industry and Trade (MoIT) would be resolved by 2020.

MoIT’s projects increase losses

Wednesday, May 09, 2018

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

Thursday, Apr 12, 2018

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.

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

Wednesday, Feb 28, 2018

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

Monday, Oct 09, 2017

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.

Three loss-making projects to be inspected

Monday, Sep 25, 2017

Minister of Industry and Trade Tran Tuan Anh has promulgated decision to conduct inspections at three loss-making projects under their management.

PVN cracking down on losses

Monday, Jul 10, 2017

The Viet Nam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.

Deputy PM orders handling of loss-making projects

Thursday, Jul 06, 2017

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.

Deputy PM asks petrol giant to up efficiency

Friday, Jan 20, 2017

Deputy Prime Minister Trinh Dinh Dung has asked the Viet Nam Oil and Gas Group (PetroVietnam) to tackle loss-making projects to improve operation efficiency, while keeping a close watch on global oil prices.