State giants cut and delay 609 projects
Source: 15-JUL-2008 Intellasia | Sai Gon Giai Phong
Jul 15, 2008 - 7:00:00 AM The National Steering Board on Enterprise Reform and Development (NSBERD) reported that state groups and corporations cut and delay 609 projects with a total capital of 34.190 trillion dong under the government's order.

State groups and corporations that reduced the most investment capital are Vinashin with 6.5 trillion dong set for 49 projects, Vinalines 6.179 trillion dong, PetroVietnam 6 trillion dong and Saigon Tourism Corp 2.768 trillion dong.

Most state giants reduced the administrative costs by 10-15%, including cost for meeting, conference, overseas business, car purchase, and building of new headquarters.