Five Vietnam's large-scale state-run projects report big loss in H1
Source: Xinhua   2016-07-13 19:37:46

HANOI, July 13 (Xinhua) -- Several large-scale state-run projects of Vietnam have not been put into operation, created no jobs or made no contribution to state budget in the first half, according to Vietnam's National Assembly Economics Committee on Wednesday.

These projects are facing risks of bankruptcy and causing big loss to the state assets, local Tri Thuc Tre (Youth Knowledge) online newspaper quoted the committee as saying.

Concerning the issue, Vietnamese Deputy Prime Minister Trinh Dinh Dung said effectiveness of some state-run projects remains low, and even state capital can not help them recover.

In the coming time, along with boosting investment, Vietnamese government will work to control implementation of investment for construction.

Earlier on Tuesday, at a national conference on reviewing implementation of anti-corruption law, reports showed that corruption has caused an economic loss worth nearly 60 trillion Vietnamese dong (over 2.69 billion U.S. dollars) and over 400 hectares of land in the past ten years in Vietnam.

Editor: liuxin
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Five Vietnam's large-scale state-run projects report big loss in H1

Source: Xinhua 2016-07-13 19:37:46
[Editor: huaxia]

HANOI, July 13 (Xinhua) -- Several large-scale state-run projects of Vietnam have not been put into operation, created no jobs or made no contribution to state budget in the first half, according to Vietnam's National Assembly Economics Committee on Wednesday.

These projects are facing risks of bankruptcy and causing big loss to the state assets, local Tri Thuc Tre (Youth Knowledge) online newspaper quoted the committee as saying.

Concerning the issue, Vietnamese Deputy Prime Minister Trinh Dinh Dung said effectiveness of some state-run projects remains low, and even state capital can not help them recover.

In the coming time, along with boosting investment, Vietnamese government will work to control implementation of investment for construction.

Earlier on Tuesday, at a national conference on reviewing implementation of anti-corruption law, reports showed that corruption has caused an economic loss worth nearly 60 trillion Vietnamese dong (over 2.69 billion U.S. dollars) and over 400 hectares of land in the past ten years in Vietnam.

[Editor: huaxia]
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