Big losses

At Binh Phuoc ethanol plant (Photo: Internet) Hanoi (VNA) - Progress has been reported in three of 12 loss-making projects under the management of the Ministry of Industry and Trade (MOIT) more than a year after the Government’s steering committee for loss-making projects implemented comprehensive solutions. Deputy Prime Minister Truong Hoa Binh, head of the steering committee, who chaired the 11th session in Hanoi on August 19 said they would report to the Prime Minister to remove three of the 12 projects from the list in August. With better operations, DAP Fertiliser 1 Hai Phong, Binh Phuoc Ethanol and Phu Tho Ethanol were considered to be removed from the list of loss-making projects of the ministry. Speaking to representatives of related ministries, the Party Central Committee’s Economic Committee, the Economic Committee of the National Assembly, and the Committee for Management of State Capital at Enterprises (CMSC) and leaders of corporations, Binh said the hard work isn't over. There is much work to do to solve all the problems in the projects that went behind the progress at the deadline in the first half of 2021, he said. He asked all ministries, branches, businesses and banks to uphold their responsibilities and to make more drastic efforts to speed up the handling of those projects. Solutions for the projects must be feasible on the principle that enterprises and investors must be proactive and responsible for handling them according to the market while the State won’t allocate more capital to the projects, Binh added. He told the corporations of the projects to take comprehensive responsibility for handling their projects while ensuring compliance with regulations. He also told the CMSC to perform the supervisory function of the owner's representative agency for the corporations with such projects or enterprises in accordance with the law. The Deputy PM asked investors and corporations of five projects with disputes regarding …

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Juventus' Portuguese forward Cristiano Ronaldo (C) celebrates with Juventus' Swedish forward Dejan Kulusevski (L) and Juventus' Turkish defender Merih Demiral after scoring his second goal during the Italian Serie A football match Juventus vs Crotone on February 22, 2021 at the Juventus stadium in Turin.(Marco BERTORELLO / AFP) The latest figures compare to losses of 50.3 million euros in the first half of the club's 2019/20 financial year, which runs from July 1 to June 30. "The first half of the 2020/2021 financial year was heavily penalised by the spread of the Covid-19 pandemic and the consequent restrictive measures imposed by the authorities," Juventus said of a season played with matches behind closed doors. "The pandemic directly and significantly affected, above all, ticket sales and sales of products and licenses, with a consequent negative impact on operating income, net income and financial debt." The club had reported losses of 89.7 million euros for the year 2019/2020. Juventus noted the "positive trend of revenues from sponsorships and advertising" which were slightly higher than the previous year. "These negative effects were partly offset by higher revenues from radio and television rights." E-commerce figures also grew by 60 percent to offset the decline in revenues from physical retail stores. Juventus won a ninth consecutive league title last season but failed to advance past the Champions League last 16. AFP …

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The Hanoitimes - The programs are expected to double the city's gross regional domestic product (GRDP) per capita from the current US$5,200 by 2025. The Hanoi Party Committee is implementing 10 programs which are seen as driving forces for the city’s comprehensive development in the next five years. Hanoi Party Commiteee's Secretary Vuong Dinh Hue. Photo: Kinhtedothi The programs are expected to raise the Hanoi’s connection and competitiveness in the global integration, and greatly enable the city to double its gross regional domestic product (GRDP) per capita from the current US$5,200 by 2025. Secretary of the municipal Party Committee Vuong Dinh Hue said that the city needs to take actions immediately to gain its set targets. Key tasks for the municipal Party Committee in the 2020-25 term are as follows: Program No.1 Reinforcing the Party and city political system, and promoting the administrative reforms. Program No.2 Focusing on economic growth and restructuring, international integration, and competitiveness. Program No.3 Pushing up urban refurbishment and socio-economic growth as well as ensuring urban development and sustaining urban economy. Program No.4 Promoting the implementation of the national program on new -style rural areas and agricultural restructuring for better living standards of people in rural areas. Program No.5 Improving planning, management, the use of natural resource and environment protection, natural disaster respond, and climate resilience. Program No.6 Concentrating on improving cultural development and human resources, and maintaining the style of elegant Hanoians. Program No.7 Boosting the development of science and technology and creativeness. Program No.8 Improving social welfare and living standards of local residents. Program No.9 Putting the focal point on increasing defence and security capacity for the next five years. …

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