Unprofitable State projects show signs of recovery Business

Unprofitable State projects show signs of recovery

The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.
PVTEX Dinh Vu raises capacity to 12 production lines Business

PVTEX Dinh Vu raises capacity to 12 production lines

The PVTEX Dinh Vu Yarn Plant of PetroVietnam’s Petrochemical and Textile Fiber Joint-Stock Company (PVTEX) on January 31 put two more yarn production lines into operation, lifting the total number of its lines to 12.
An Phat, PVTEX introduce new product at Dinh Vu plant Business

An Phat, PVTEX introduce new product at Dinh Vu plant

An Phat Holdings JSC (APH), An Son Textile Fiber JSC and PetroVietnam’s Petrochemical and Textile Fiber Joint-Stock Company (PVTEX) officially introduced the new AnPoly yarn at Dinh Vu polyester fibre plant on November 16.
Ex-senior members of PVTEX brought to trial Society

Ex-senior members of PVTEX brought to trial

The Hanoi People’s Court on August 28 opened a trial of four former senior members of the Petrovietnam Petrochemical and Textile Fiber JSC (PVTEX) for the charge of “deliberately violating State regulations on economic management causing serious consequences”.
PetroVietnam to complete divestment by 2020 Business

PetroVietnam to complete divestment by 2020

Deputy Prime Minister Vuong Dinh Hue has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam) must reduce its ownership between 2017 and 2020.
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.
Fibre plant provides key textile inputs Business

Fibre plant provides key textile inputs

The Dinh Vu Polyester Fibre Plant exported nearly 5,500 tonnes of products to the European market in its first three months of operation, according to the Ministry of Industry and Trade.
First made-in-Vietnam polyester fibre roll out Business

First made-in-Vietnam polyester fibre roll out

The Dinh Vu Polyester Fiber Plant, which was invested by the Petrochemical and Textile Fiber Joint Stock Company (PVTEX), has turned out the first batch of polyester synthetic fibre (PSF), which was made in Vietnam for the first time.