Vietnam News

Boost sought for paper industry

date 04/04/2018 view 573
HA NOI — Prime Minister Nguyen Tan Dung has urged the Viet Nam Paper Corporation (VPC) to take advantage of favourable conditions to accelerate investment in the Thanh Hoa Paper Plant and the expansion of the Bai Bang Paper Mill.

At a meeting between Government officials and VPC leadership in Ha Noi yesterday, the Prime Minister stressed that the company should overcome its investment slowdown and implement a strategic development plan for the next 10-15 years in order to become a key component of the country’s paper industry. The result would be a significant contribution to the stabilisation of market prices.

The corporation should also accelerate its equitisation process, he said.

In 2008, the VPC reported VND5.6 trillion (US$329 million) in revenues, with a net profit of VND 250 billion ($14.7 million).

It produced over 315,000 tonnes of paper, accounting for 30 per cent of the industry’s total volume.

Source— VNS

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