Four out of the 16 cement plant projects, which were guaranteed by the government when borrowing capital from foreign sources, have entreated help of the Ministry of Finance to pay due debts. The blunders made by Vietnam in the past when building blast furnace cement plants are repeating. In 2010, China “declared the death” of [...]
The four cement projects that recently call for government aids in settling foreign debts is only the tip of the iceberg as many other cement businesses are in crisis due to their out-dated Chinese equipment and technology. According to Saigon Times newspaper, the cement sector has made a mistake in deploying cheap and out-of-date Chinese [...]
The Vietnamese government will provide funds to help four cement projects make foreign debt payments, the finance minister said, including one that state media says is unable to service a loan from Australia and New Zealand Banking Group Ltd. The projects were among 16 in the cement sector that had government-guaranteed loans from foreign creditors [...]
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