A worker works on a VNPOLY's production line (Photo: tienphong.vn) Hanoi (VNS/VNA) - Thanks to a scheme for State-owned enterprise (SOEs) restructuring during 2016-2020, many unprofitable plants have been reinvigorated, according to reports. Vietnam Oil and Gas Group ( PVN ) revealed that in 2021 four of its plants were taken off the list of 12 large-scale lossmaking plants in the industrial and commercial sector. These four plants include Dinh Vu polyester plant under Vietnam Petrochemical and Fiber JSC (VNPOLY) and Dung Quat bioethanol plant under Central Petroleum Biofuel JSC. Dinh Vu polyester came into operation in May 2014 but frequently ran at a loss as its revenues were dwarfed by operation costs. The plant accordingly had to cease operation in September 2015. In April 2018, three of its production lines was put back into operation thanks to the scheme for SOEs restructuring. In late 2018, the number of active production lines rose to 10. VNPOLY … [Read more...] about Lossmaking plants to afloat thanks to Government scheme