Articles worth reading
Image : ExtraTorrent website is shutting down forever, all data to be erased

ExtraTorrent website is shutting down forever, all data to be erased

person Orange Themes access_time May 18,2017

ExtraTorrent website is shutting down forever, all data to be erased ExtraTorrent's homepage has this message, “ExtraTorrent with all mirrors goes offline.. We permanently erase all data. Stay away from fake ExtraTorrent websites and clones. Thx to

Image : How to watch Club America vs. Real Madrid: FIFA Club World Cup live stream, TV ...

How to watch Club America vs. Real Madrid: FIFA Club World Cup live stream, TV ...

person Orange Themes access_time Dec 15,2016

How to watch Club America vs. Real Madrid: FIFA Club World Cup live stream, TV ... Club America will face Real Madrid on Thursday in the FIFA Club World Cup in Japan. America is coming off a 2–1 win over Jeonbuk Motors in its last Club World Cup

Image : New North Korean foreign minister was its disarmament negotiator

New North Korean foreign minister was its disarmament negotiator

person Orange Themes access_time May 18,2016


North Korea, diplomatically isolated and squeezed by U.N. sanctions, has appointed as foreign minister its negotiator at failed international talks aimed at getting it to disarm, according to a North Korean diplomatic note to Britain.

Latest blog articles

Projects of powerful conglomerates incur losses

access_time Jul 24,2016 chat_bubble_outline 86 views
A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.
Projects of powerful conglomerates incur losses

“The government won’t continue pouring money into huge unprofitable projects like Thai Nguyen iron & steel project (Tisco),” Prime Minister Nguyen Xuan Phuc said at a MOIT conference held several days ago.

The project is now called ‘Vinashin in the steel industry’ (Vinashin is a shipbuilder which also gobbles up big money and incurs heavy losses). Despite a lot of investment incentives, it is now ‘at the point of death’ after seven years of operation.

The project on expanding the Thai Nguyen steel mill, to churn out 0.5 million tons a year, kicked off in 2007 with the initial capital of VND3.843 trillion. In 2012, MCC, the Chinese contractor left Vietnam and did not hand over important items to the investor. To date, 10 years after the EPC contract was signed, the mill still has not taken shape.
A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.
In fact, Thai Nguyen is just one of many unprofitable projects invested by MOIT’s enterprises. The Ninh Binh Fertilizer is also a project which has recorded a big loss: just after four years of operation, the VND12 trillion took a loss of VND2 trillion.

The investor hoped that after the construction was completed in mid-2011, the plant would churn out 1,760 tons of urea a day. However, the first ton was produced only in March 2012.

A report of Vinachem, the largest investor, showed that Ninh Binh has been taking losses since 2012 and incurred a loss of VND370 billion in 2015.

Some years ago, PetroVietnam, the national oil & gas group, saying that biofuel will be the fuel of the future, decided to build three ethanol plants in the northern, central and southern regions, capitalized at trillions of dong.

However, the construction of the VND2.5 trillion Tam Nong ethanol plant stopped in late 2011. The Binh Phuoc VND1.7 trillion plant has halted its operation because its products cannot be sold. Meanwhile, the 100 million liter a year Dung Quat Bio-methanol plant, capitalized at VND2.2 trillion, has been operating at a moderate level since April 2015.

Besides the biofuel plants, PetroVietnam invested $325 million in PVTex, a polyester plant.

The investor planned to use materials from the Dung Quat Oil Refinery to make polyester, aiming to help Vietnamese textile & garment companies, which now have to import materials, to take the initiative in material supply.

However, since the products cannot be sold, PVTex had to stop operation in September 2015.
Bizlive Read on the original site
La La Land might be dancing too fast for its own good: Howell

Read on the original site chat_bubble_outline Read More...

High gas prices gouge Vietnamese consumers

Consumers buy gasoline at a station of Petrolimex. Photo from website of the Ministry of Industry and Trade. Pump prices continued to rise throughout 2016 even as import duties on petroleum products fell, local media reported. Petrolimex, Vietnam’s largest oil distributor, raised retail prices on gasoline by 1 percent to VND16,930 ($0.76) per liter on September 20. The company adjusts its prices every 15 days based upon a range set by the Ministry of Industry and Trade. Petrolimex has raised… chat_bubble_outline Read More...

Trump Addresses Russia, Ethics Concerns in Wide-Ranging Press Conference

Read on the original site chat_bubble_outline Read More...

What time is the Joshua v Klitschko fight? Complete TV and live streaming guide

Read on the original site chat_bubble_outline Read More...

US firms pin high hope on Vietnam

Despite the uncertain future of the Trans-Pacific Partnership, US companies are planning to continue expanding their investments and business in Vietnam. Michael Michalak, senior vice president and regional marketing director of the US-ASEAN Business Council, (USABC), said that, though the TPP may become infeasible in the future due to US President-elect Donald Trump’s opposition, “Vietnam remains a very attractive investment destination for Americans, especially our 150 member… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin