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PXA: Explanation for being under supervision
Petro Vietnam Construction Joint Stock Corporation explained for being under supervision as follows:
As of 31/12/2012, current liabilities were higher than current assets due to difficulties of Nghe An petroleum building project:
- Payable to PetroVietnam Nghe An Construction Joint Company Corporation: VND 46,842,569,406 and payable to other contractor: VND 4,670,699,467
- Payable to Bank for Development and Investment of Vietnam – Nghe An Branch : original debt of VND 5,000,000,000 and interest of VND 14,000,000,000
- Payable to PetroVietnam Finance Joint Stock Corporation : original debt of VND 87,425,000,000 and interest of VND 33,906,867,534
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