HÀ NI Deputy Prime Minister Vng ình Hu has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem).
The decision, designated for 2018-2020, aims to improve Vinachems structure, capacity, production efficiency and business competitiveness.
While signing the decision, the deputy prime minister stated the need for streamlined and compact business models after the equitisation process at Vinachem and its member companies.
The key focus of Vinachem is State divestment from the mother company and a number of its subsidiaries.
The mother company plans to become equitised in 2018-19, leaving only 50-65 per cent of its charter capital of some VN20 trillion (US…
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