 |
|
PM Nguyen Xuan Phuc chairs Cabinet meeting on November 29-30, 2016. Photo: VGP
|
PM Phuc made the order while presiding over the Government meeting on November 29-30.
The measures must be designed to recover State capital and property to the fullest level, clarify responsibilities of relevant stakeholders as well as strict punishments, the Government chief said.
The five projects are Dinh Vu fiber plant, Dung Quat ethanol plant, expanded Thai Nguyen steel mill, Phuong Nam Pulp and Ninh Binh Fertilizer.
Earlier on November 15, Minister of Industry and Trade Tran Tuan Anh was questioned by the National Assembly deputies about the fate of these mega projects.
He explained that investment process of all these projects were too long amid numerous changes in the global market, thus badly affecting efficiency and feasibility.
In addition, the capacity of project owners was weak, leading to violations of contracts.
In the long-run, it is necessary to reform corporate governance methods and improve legal framework in which responsibilities of stakeholders must be clearly defined.
A part from the above projects, PM Phuc also tasked ministries, agencies and localities to quickly review operations of State-owned enterprises, including investment activities, personnel appointment, and labor use to ensure transparency and openness./.
By Hai Minh
