Deputy PM inspects loss-making plants in Hai Phong

Deputy Prime Minister Vuong Dinh Hue made a fact-finding tour of two loss-making State-owned plants in the northern city of Hai Phong on December 27.
Hai Phong (VNA) - Deputy Prime Minister Vuong Dinh Hue made a fact-findingtour of two loss-making State-owned plants in the northern city of Hai Phong onDecember 27.

The inspectedfacilities are run by the National Chemical Group (Vina Chem)’s DAP2 fertilizercompany and the Petrovietnam Petrochemical and Textile Fiber Joint StockCompany (PVTEX), a joint venture of the National Oil and Gas Group(PetrolVietnam) and the National Textile and Garment Group (VINATEX).

They areamong the 12 unprofitable projects that are required to be tackled as soon aspossible by the National Assembly and Prime Minister.

Examinationson infrastructure, technologies, assembly line operation and business performancewere carried out, with reports on losses presented by managers of the twoplants.

Theinspection delegation discussed a number of measures to deal with beforehandissues of the plants and other decisions related to their future operations.

Previously,the Deputy PM, who heads the State steering committee on handling unprofitabletrade and industrial projects, also made a fact-finding tour at the Ninh BinhNitrogen Fertilizer Plant.

In hisspeech at the first session of the committee on December 20, Hue stressed thegoal of basically handling these loss-making projects in 2017 and completing thework by the end of 2018 as instructed by the Party, the National Assembly andthe Prime Minister.-VNA       
VNA

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