Vietnam’s loss-making projects turn fortunes around

Three projects and fertiliser production enterprises of Vietnam National Chemical Group have maintained production and business and, step by step, increased the average capacity.

HANOI: Five of the 12 delayed or former loss-making projects under the Industry and Trade Ministry (MoIT) have become profitable, while the seven others made positive changes.

With directions from the Prime Minister, and relevant ministries and sectors, the Committee for Management of State Capital (CMSC) at Enterprises has solved difficulties in MoIT’s delayed and loss-making projects.