State to divest from Vinasugar 1

tohang

Deputy Prime Minister Vu Van Ninh has approved a plan to divest all state capital from the Viet Nam Sugarcane and Sugar Corporation 1 (Vinasugar 1).

The State plans to withdraw its capital from the Viet Nam Sugarcane and Sugar Corporation 1 (Vinasugar 1). — Photo cafef.vn
HA NOI (Biz Hub) — Deputy Prime Minister Vu Van Ninh has approved a plan to divest all state capital from the Viet Nam Sugarcane and Sugar Corporation 1 (Vinasugar 1).

According to a report by the government's news website chinhphu.vn on January 27, the deputy prime minister asked the ministry of agriculture and rural development to withdraw the state capital from the corporation, as regulated in decision 37/2014/QĐ-TTg, dated June 1, 2004, on the criteria and lists for classification of state-owned enterprises, and the criteria to select strategic investors, initial prices and divestment methods.

Vinasugar 1, which was known as the Union of Agricultural-Industrial Enterprises of Sugarcane, focuses on sugar trade, food and candy manufacturing, and consultancy services for sugarcane investment. — VNS

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