- The main business field of the Company in building industrial civil structures, traffic, irrigation, hydroelectricity. Due to the world’s economic crisis, expensive materials cost, interest for bank loan was high, but the owners’ adjustment cost offset was slow. Besides, the policy of government invest limit and fasten monetary policy have caused the delaying in reclaim investment, increase in operating expenses. Until 31/12/2011, bad debt was VND billion 123.6, therein, 01 year - over date one was VND 17.2. The company had provision for bad debt was VND 10,503,646,574. This caused negative profit after tax.
- Plan for recover:
+ Discussing with the project owners for accounting cost offset and liquidations;
+ Settling bad debts in order to increase operating effect, save expenses and ensure operating capital;
+ Organizing operating and marketing.