Câu ví dụ #1
1. 6 million euros ($97 million) to the state-owned Vietnam Paper Corporation (Vinapaco) to pay for debts incurred by its project, the Phuong Nam Pulp mill in the southern province of Long An.
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2. Construction of the mill began in 2004 with an initial investment of VND1.
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3. The mill was expected to produce the best quality pulp in Vietnam, reaching European standards.
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4. After taking over the mill, Vinapaco completed construction and put it on a test run, but the installed equipment line did not work with local material.
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5. The mill has been dormant since 2012.
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6. Vinapaco organized three auctions of the mill in 2017, but there were no takers.
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7. The Phuong Nam Pulp mill is among the 12 largest failed projects of Vietnamese state-owned companies.
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