The Viet Nam Rubber Group JSC (VRG) plans to invest in tyre and tube production via mergers and acquisitions (M&As) over affiliate companies of the Viet Nam Chemical Group (Vinachem).
The State-run Viet Nam National Chemical Group (Vinachem) is to
accelerate the equitisation of its affiliates and divest from non-core
businesses in 2016, a senior company official said.
The Viet Nam National Chemical Group (Vinachem) intends to complete the
equitisation of all its subsidiary companies this year, said Deputy
General Director Bui The Chuyen.
Tyre and tube production in Viet Nam has enormously increased since
early this year due to low price of natural rubber on the local market,
according to experts.
Construction of a joint US$450 million Viet Nam–Laos project to process
salt in Khammouan Province in Laos will start next month, according to
the Viet Nam Chemical Group (Vinachem).