PM asks for prompt solutions to ineffective, stagnant industry-trade projects
Prime Minister Nguyen Xuan Phuc chaired a meeting of standing Cabinet members in Hanoi on March 3 to seek solutions to stagnant and ineffective projects of the industry and trade sector.
Prime Minister Nguyen Xuan Phuc addresses the meeting (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phucchaired a meeting of standing Cabinet members in Hanoi on March 3 to seeksolutions to stagnant and ineffective projects of the industry and tradesector.
According to a report at the meeting, currently, threeprojects have been excluded in the supervised list, while a number of projects havebecome operational but with difficulties and losses, and some others have notbeen completed or halted operation.
Meanwhile, five projects have suffered disputes in EPCcontract despite many negotiations. The Ministry of Industry and Trade (MoIT)explained that due to the incomplete settlement of EPC contracts, there isstill a lack of legal foundation for the divestment of capital from theprojects.
At the meeting, PM Phuc asked the MoIT to submit solutions to the failed Phuong Nam Pulp Mill project by March 10.
Due to the complication of other projects, the PM asked the Committeefor Management of State Capital at Enterprises to give more detailed proposals.
He asked relevant agencies to strictly implement theconclusions in the work, especially in assigning the Committee for Managementof State Capital at Enterprises to deal with the remaining projects, includingthree managed by the Vietnam National Chemical Group.
He requested groups and corporations torestructure projects in the direction of minimising negative impacts on theState budget and ensuring the rights of labourers as well as national security, defence, environment and social stability.
For projects with no possibility of settlement, it isnecessary to sell and dissolve them or allow their bankruptcy in line with thelaw to reclaim the State property, he stressed, asking the SteeringCommittee to submit a list of projects with no hope of recovery for timely settlement./.
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Prime Minister Nguyen Xuan Phuc addresses the meeting (Photo: VNA) 
