Wednesday, July 26, 2017 - 3:31:22

Vietnam National Oil and Gas Group

PetroVietnam cracking down on losses

Business

PetroVietnam cracking down on losses

The Vietnam 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

Business

Deputy PM orders handling of loss-making projects

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.