PM orders review of industrial projects

Prime Minister Nguyen Tan Dung instructed the Ministry of Industry and Trade to work with relevant institutions to inspect major industrial projects.

Eight major industrial projects are stalled or have failed to make significant progress. The ministry has been ordered to discover why the projects are stalled and to propose solutions to the Government.

The stalled projects include a transformer production plant, shipping factories, and a crane production plant. The projects aim to develop the country’s industrial sector.

However, the projects completion are pending on credit agreements and capital disbursement.

In April, Deputy Prime Minister Hoang Trung Hai announced that the Government had created favourable conditions to develop the industry. If these major projects were completed, it would increase the country’s production capacity, which would dramatically reduce Viet Nam’s trade deficit.-VNS

Tags: Vietnam industries, Vietnam industry

Posted by VBN on Oct 18 2010. Filed under Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry