Loss-making projects

Update news Loss-making projects

Failed projects to receive no more cash: Deputy PM

The State will not pump more money into 12 failing mega-projects under the management of the Ministry of Industry and Trade (MoIT), said Deputy PM Truong Hoa Binh in a recent meeting with high-ranking officials in Hanoi.

 

State loss-making projects can bring problems to arbitration

Deputy Prime Minister Vuong Dinh Hue agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.

 

Industry & Trade Ministry hands over loss-making projects to CMSC

The Ministry of Industry and Trade on Tuesday handed over 11 out of 12 loss-making projects to the Committee for Management of State Capital at Enterprises (CMSC).