State-owned companies seem to be focusing on the energy sector in Vietnam. PetroVietnam Fertiliser and Chemicals Corporation, a subsidiary of the state-owned oil and gas giant PetroVietnam, is expanding part of its fertiliser factory with an investment of $237 million. Meanwhile, Tan Tien Plastic Packaging JSC, a private business, is facing challenges in operation, mostly due to competition, which might lead to a future delisting.
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