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Burden of recovery on big firms
Industrial production value for the remainder of the year will largely rest on the shoulders of the country’s biggest enterprises, Deputy Minister of Industry and Trade Bui Xuan Khu has said.
To reach this year’s target for industrial production value, the trade ministry has told the country’s largest industrial groups to focus on export items that have high turnover.
The value of Viet Nam’s industrial production value this year was expected to grow by 10 per cent compared to last year, but it has risen only 4.8 per cent thus far.
In response to the ministry’s requests, many large corporations and companies have told authorities that to promote growth, they must simplify administrative procedures and provide better access to the Government’s stimulus packages.
The ministry has asked the Viet Nam National Oil and Gas Group (PetroVietnam) and the Viet Nam National Coal and Mineral Industries Group (Vinacomin) to increase production and control trade and bidding activities.
Hoang Xuan Hung, a member of PetroVietnam’s management board, said it would hasten construction of the Binh Son Oil Refining Factory, the petrol commercial and financial centre, and the Vung Tau Oil and Gas Hotel.
Vinacomin was told by the trade ministry to exploit coal in the Hong (Red) River Delta to meet domestic and export demand.
The Electricity of Viet Nam (EVN) Group has been encouraged to seek supplemental sources for the national electricity grid to ensure power for production activities.
EVN’s general director Pham Le Thanh said the Hai Phong 1 thermo-electric plant would be put into operation this year and the Vinh Tan 2 thermo-electric plant by the end of the year.
vietnamnews
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