VNS Update: June, 08/2020 – 08:30|
The Dung Quất Bio-ethanol Plant in the central province of Quảng Ngãi, one of the 12 loss-making projects. — VNA Photo
HÀ NỘI — The State will not pump more money into 12 failing mega-projects under the management of the Ministry of Industry and Trade (MoIT), said Deputy Prime Minister Trương Hòa Bình in a recent meeting with high-ranking officials in Hà Nội.
Bình said the top priority was to prevent further loss to the State’s budget and projects that were no longer financially sustainable may be forced to file for bankruptcy or be dissolved.