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Update news PVtex
Industry Ministry’s unprofitable projects revived thanks to outsourcing jobs
Some unprofitable projects under the management of the Ministry of Industry and Trade (MOIT), called ‘trillion-dong zombies’, have begun making money.
12 multi-trillion VND projects reap little profit for state
VietNamNet Bridge - Of 12 projects, six projects were implemented under EPC contracts (engineering, procurement and construction), and most of the contracts were signed with Chinese contractors.
Former oil and gas officials: the path from high posts to prison
VietNamNet Bridge - A number of bosses in the oil & gas sector have been charged by law enforcement agencies for unprofitable multi-trillion projects.
What's the future for textiles & garments without the TPP?
VietNamNet Bridge - With the collapse of TPP, the textile & garment industry will have to revise its investment and development strategy.
PVTex dream smashed
VietNamNet Bridge - While foreign investors flock to Vietnam, many textile projects developed by Vietnamese investors have failed, raising concerns about the future of Vietnam’s textile & garment industry.
Government asked to stop giving preferences to oil & gas companies
After asking for the government’s help to ensure sales for oil refineries, the national oil & gas group PetroVietnam has once again sought the government’s support for the sale of Polyester Dinh Vu’s (PV Tex) products.
