Deputy PM instructs divestment from two tourist companies

Wednesday, Sep 30, 2015 17:54

A view of Hương Giang Hotel Resort & Spa in Thua Thien Hue province. — File Photo

HA NOI (Biz Hub) — Deputy Prime Minister Vu Van Ninh has chosen divestment and transfer of state capital representatives for the Huong Giang Tourist Joint Stock Company and the Lam Dong Tourist Joint Stock Company.

For Huong Giang Tourist JSC, Deputy PM Ninh assigned the central Thua Thien Hue People's Committee to select suitable investors to sell the State's shares.

For Lam Dong Tourist Company, Deputy PM Ninh agreed with the proposal of the highland Lam Dong People's Committee not to appoint state capital representatives to the State Capital Investment Corporation (SCIC) at the moment.

The Huong Giang Tourist JSC currently has 16 units, including four affiliated agencies, two subsidiaries and 10 joint venture units.

While the Lam Dong Tourist Company, established in 1976, has main activities including inbound and outbound tourist, hotel and restaurant services.

The SCIC, which was formed following a Government Decision in 2005 to act as a Government shareholder in SOEs, is responsible for managing and investing State capital in various sectors, including financial services, banking, insurance, energy, manufacturing and telecommunications. Transportation, consumer products and healthcare sectors also fall under its purview. —VNS

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