This move has resulted in Dragon Capital''s ownership stake in Đức Giang Chemical Group increasing from 4.99 per cent to 5.03 per cent of the company''s charter capital.
Despite challenges, the group was able to achieve a total import-export turnover of $675 million, with exports reaching $465 million or 90 per cent of the year''s plan.
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).
Duc Giang Chemical Group, formerly known as Duc Giang Chemical Company, is a State-owned enterprise under the Viet Nam General Department of Chemicals, established in 1963.
The Viet Nam National Chemical Group (Vinachem) has sent a document to Viet Nam Fertiliser Association, asking the National Assembly to add fertiliser to the list of products subjected to value added tax (VAT).
The Việt Nam National Chemical Group (Vinachem) has registered to auction all 11.45 million shares it holds in Duc Giang Chemical Group JSC (DGC), equivalent to 8.85 per cent of DGC’s capital.
The Viet Nam National Chemical Group (Vinachem) plans to auction more than 461.5 million shares of Southern Chemicals Import and Export JSC (Southchimex) with an initial bid price of VND253,300 (US$10.94) per share.
In the first quarter of this year, Vinachem focussed on enhancing its production capacity, accelerating exports while speeding up implementation of its under-way projects.
Viet Nam National Chemical Group (Vinachem) has proposed to the Prime Minister to delay the equitisation of the losing Ninh Binh Nitrogenous Fertiliser Plant until it generates profits again in order to ensure effective restructuring.
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.