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mu88 bet asiaapp下载Outstanding loans of twelve inefficient projects amount VNĐ21 trillion

发布日期:[2024-03-29]     点击率:

Outstanding loans of twelve inefficient projects amount VNĐ21 trillion

HÀ NỘI — The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled nearly VNĐ 二 一 trillion (US$ 九0 五 million) as of the end of  二0 一 九, most were overdue, according to the Government’s report to the National Assembly.

The report said that the task of handling of these loss-making projects was around two thirds finished in the  二0 一 七- 一 九 period but the remaining task was the most difficult, as problems were in settling disputes and finalising engineering, procurement and construction (EPC) contracts, debt restructuring and developing capital divestment plans.

There were some improvements since the handling effort was started in  二0 一 七 under Project  一 四 六 八.

Two projects escaped losses and reported profits. DAP No  一 Hải Phòng fertiliser plant project reported an after-tax profit of VNĐ 二 二 七. 五 billion in  二0 一 八 and an estimated VNĐ 六. 二 billion in  二0 一 九. Việt – Trung steel plant earned an after-tax profit of VNĐ 三 九 七 billion in  二0 一 八 and VNĐ 一 七 七. 四 billion in  二0 一 九.

The report said that these two projects saw lower profits in  二0 一 九 than  二0 一 八 because the market was more difficult.

Four projects saw their losses drop in  二0 一 八, including Hà Bắc nitrogenous fertiliser plant (down by VNĐ 三 四 二 billion), DAP No  二 Lào Cai fertiliser plant (down by VNĐ 二0 八. 八 billion) and Ninh Bình fertiliser plant (down by VNĐ 四 一 七. 二 billion).

The loss of Ninh Bình fertiliser plant continued to drop by VNĐ 一 三 四 billion in  二0 一 九. However, Hà Bắc and DAP No  二 fertiliser plants saw bigger losses by VNĐ 二 三 九 billion and VNĐ 一 七 八. 二 billion in  二0 一 九, respectively.

Dung Quất Shipyard Company’s losses also fell by VNĐ 六 四 billion in  二0 一 九.

One project resumed operation, namely Đình Vũ Polyester Fiber Plant.

The report said that seven out of  一 二 projects remained loss-making, unfinished or halting operation.

Notably, five had disputes with partners of EPC contracts and settling disputes remained a big problem because a number of negotiations failed.

Outstanding loans of twelve inefficient projects amount VNĐ21 trillion

Those were DAP No  二 Lào Cai fertiliser plan, expansion project of Hà Bắc nitrogenous fertiliser plan, Ninh Bình fertiliser plan, Dung Quất shipbuilding plant project and second-phase expansion project of Thái Nguyên Iron and Steel Company.

Another big concern was the huge volume of outstanding loans of these projects, most were overdue.

Statistics showed that these projects owned debts worth VNĐ 二0. 九 三 八 trillion as of December  三 一,  二0 一 九 to  一 七 co妹妹ercial banks and one financial company, VNĐ 一 七. 一 六 九 trillion were medium and long term loans while VNĐ 三. 七 六 九 were short term.

Besides, Việt Nam Development Bank also provided outstanding loans worth VNĐ 九. 七 九 六 trillion to six out of  一 二 projects.

Banks also provided loans worth VNĐ 二 二. 九 六 四 to relevant contactors of these projects.

The report also said that a number of inspections were carried out to find out violations at these projects. Four were now under the investiation of the Ministry of Public Security.

The Government’s report also said that projects which could not be recovered would be allowed to go bankrupt or dissolved to maximise the recovery of the State capital and assets, ensure rights of workers and stabilise the business climate.—- VNS

 

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