The launch of the e-commerce platform is part of Vinachem's efforts to promote green transition and digital transformation.

The Ministry of Industry and Trade (MoIT) has reported some positive signs in handling 12 major loss-making projects, as some of them have managed to resume operation in the context of no more rescue capital from the State budget.

The Government will not use public funds to rescue 12 loss-making projects under the jurisdiction of the Ministry of Industry and Trade, Deputy Prime Minister Vuong Dinh Hue said.

Deputy Prime Minister Vuong Dinh Hue has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem).

The Secretariat of the Party Central Committee on September 20 meted out punishment on two officials for their serious violations of Party rules and lax management resulting in great losses to State assets.

The State will divest its capital in the Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) through open tenders.

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.

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.

The chemical industry was under an overhaul with an aim to boost exports of high value products.