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PM ratifies plan for restructuring chemical group

VGP – PM Nguyen Tan Dung has approved a plan to restructure the Viet Nam National Chemical Group (Vinachem) for the 2012-2015 period.

01/02/2013 09:25

Accordingly, Vinachem will still remain a State-owned enterprise, which will focus its activities on main businesses such as making chemicals, fertilizer and crop-protection products.

The group is also tasked to hold 100% charter capital in two units, reduce or withdraw its holdings in others.

The plan for restructuring Vinachem is part of the Government’s effort to restructure the whole economy towards higher efficiency and competitiveness./.

By Huong Giang