Vietnam PM asks for prompt solutions to ineffective, stagnant industry-trade projects

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(The Vietnam Plus)

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 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.

According to a report at the meeting, currently, three projects have been excluded in the supervised list, while a number of projects have become operational but with difficulties and losses, and some others have not been completed or halted operation.

Meanwhile, five projects have suffered disputes in EPC contract despite many negotiations. The Ministry of Industry and Trade (MoIT) explained that due to the incomplete settlement of EPC contracts, there is still a lack of legal foundation for the divestment of capital from the projects.

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