PM gives nod to equitisation of steel, petroleum groups

Prime Minister Nguyen Tan Dung has given the nod to the equitisation plan of the parent company of the state-owned Vietnam Steel Corporation (VSC) and the Vietnam National Petroleum Corporation (VNPC).

According to document No. 373/TB-VPCP issued by the Government Office, the state will hold more than 65 percent of the charter capital of the VSC’s parent company and the value of Thai Nguyen metallergy and electrical engineering vocational school shall not be included in the corporate value assessment.

The Prime Minister also agreed with the plan to equitise the national petroleum group, according to which the state will hold at least 75 percent of the charter capital. The equitisation process aims to turn the current VNPC into a multi-owned group.

Tags: Vietnam Petroleum, Vietnam steel industry

Posted by VBN on Jan 5 2010. Filed under Oil-Gas & Petroleum, Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry