What are the 12 billion-loss projects of the industry and trade industry now?
Specifically, 12 weak projects of industry and trade include: No. 1 DAP fertilizer factory – Hai Phong; DAP fertilizer factory No. 2- Lao Cai; Ninh Binh Fertilizer Factory; Project of renovation and expansion of Ha Bac Fertilizer Factory; Thai Nguyen Iron and Steel Phase 2 expansion project; Dung Quat Shipbuilding Industry One Member Company Limited; Viet Trung Steel Factory Project; Dinh Vu polyester fiber factory project; Dung Quat Biofuel Factory Project; Binh Phuoc Biofuel Factory Project; Phu Tho Biofuel Factory Project; Phuong Nam pulp factory project.
After more than 3 years of implementing Decision No. 1468 of the Prime Minister on overcoming and handling the status of projects, the Steering Committee for handling shortcomings and weaknesses has agreed to remove 5 projects from the list of 12 projects. slow progress and inefficient projects of the industry and trade sector.
Specifically, those 5 projects are the No. 1 DAP fertilizer factory – Hai Phong; Phu Tho biofuel factory; Binh Phuoc biofuel factory; Dung Quat Biofuel Factory and Dinh Vu Polyester Fiber Factory.
In which, Dinh Vu Polyester Fiber Factory operates basically stably, the workshops put into operation the entire line. The business started to make a profit, but the profit was not great. In addition, the remaining projects are still being handled to remove difficulties and restore production and business.
At the seminar “Handling weak projects: Lessons learned and directions” organized by the Government Portal on the morning of April 5, Mr. Ho Sy Hung, Vice Chairman of the State Capital Management Committee at the enterprise emphasized that it is a long process to remove 5 projects from the monitoring list of the Steering Committee.
Currently, 5 projects no longer have problems with mechanisms and policies, all sticking to the specific goals of overcoming losses and even making profits. For projects that are no longer able to overcome due to reasons such as the products offered are no longer marketable, cannot compete with imported products, they will handle finance, capital structure, the final solution is to solve the problem. bankrupt.
According to the Vice Chairman of the State Capital Management Committee, the cause was identified as being too large to be left behind, the total investment amount had to be adjusted higher than the original estimate. The capital structure was mainly by loans with high interest rates. When it was put under the supervision of the Steering Committee, it suffered heavy losses.
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