Vietnam Cement Corp to restructure as holding company

Vietnam Cement Corp is being urged by the government to push up its schedule of restructuring in the form of a parent company to manage its subsidiaries. Deputy standing prime minister Nguyen Tan Dung requested VCC to map out its equitisation itinerary of its subsidiary member companies (except for Hai Van Cement Co which is a partner in a joint venture with Switzerland’s Holcim Group) to forward to the prime minister for approval.
Accordingly, the finance ministry is required to work closely with VCC and other state agencies about the financial restructuring of Hoang Mai Cement Co and Tam Diep Cement Co that are also to be put into the equitisation plan.

 

Category: Business