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State-owned corporations postpone almost 610 projects
State-owned corporations suspended almost 610 projects worth 34.19 trillion VND in total in the first half of the year in response to the Government’s instruction on curbing inflation.
The corporations said they will continue postponing projects rated as not necessarily urgent to focus their capital on those of immediate effect.
At the July 10 press conference on State-owned businesses’ situation in the first six months of the year, Vice Director of the Governmental Office Pham Viet Muon said that the coal selling price for the power, paper, cement and fertilizer sectors has remained unchanged while telecom charges and railway and air fares have been reduced.
Meanwhile, the cement industry has taken timely measures to balance the supply and demand between the north and the south, thus helping to stabilize the market.
Seventy-four corporations working with combined capital of 403 trillion VND invested by the State achieved a total turnover of more than 510 trillion VND in the past six months.
The Steering Committee for Business Development and Rearrangement had 62 businesses nationwide restructured in the first half of the year and will continue changing wholly State-owned businesses into joint stock companies in the remaining six months.
VNN
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