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Ministry makes public cancelled investment projects
The Ministry of Planning and Investment (MPI) has announced the list of state-funded investment projects that have been cancelled under a government decision to curb inflation.
So far, 107 projects totalling VND719.4 billion ($44.9 million) of investment belonging to 28 ministries and state agencies have been cancelled and halted.
Some ministries and state agencies still haven’t reported to the MPI about the number of their halted and cancelled projects, including the Ministry of Education and Training, Ministry of Science and Technology, Ministry of Construction, Ministry of Justice, Ministry of Home Affairs, Ministry of Natural Resources and the Environment, Hoa Lac Hi-tech Park, Vietnam Oil and Gas Group, Vietnam Textile and Garment Group, Electricity of Vietnam Group, Vietnam Post and Telecommunications Group, Vietnam Coffee Corporation, Papar Corporation and some other organisations.
For state-owned groups, eight of them have reported cancelling and halting 35 projects worth VND602.7 billion ($37.6 million).
43 of 64 provinces and cities have reported cancelling and halting 888 projects, equivalent to 15% of their total investment capital registered in early 2008. The remaining have not reported to the MPI under the guidance of the government.
VNN
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