PM urges speeding up restructuring of Ha Bac fertilizer plant Business

PM urges speeding up restructuring of Ha Bac fertilizer plant

Prime Minister Pham Minh Chinh on August 13 asked relevant ministries and sectors to uphold their responsibilities in solving difficulties and problems arising at the Ha Bac Fertiliser Plant under the Vietnam National Chemical Group (Vinachem), whose expansion was completed seven years ago.
Total revenue of groups, corporations hits nearly 900 trillion VND Business

Total revenue of groups, corporations hits nearly 900 trillion VND

The combined revenue of 17 out of 19 groups and corporations under the Commission for the Management of State Capital at Enterprises was estimated at over 892.16 trillion VND (38.05 billion USD) in the first half of this year, equivalent to 90% of the yearly target and up 27% year-on-year.
No more cash for ailing mega-projects: Deputy PM Business

No more cash for ailing mega-projects: Deputy PM

The State will not pump more money into 12 loss-making mega-projects under the management of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Truong Hoa Binh said at a recent meeting with high-ranking officials in Hanoi.
Vinachem seeks delay in plant equitisation Business

Vinachem seeks delay in plant equitisation

The Vietnam National Chemical Group (Vinachem) has proposed to the Prime Minister to delay the equitisation of the losing Ninh Binh Nitrogenous Fertiliser Plant until it generates profits again in order to ensure effective restructuring.