Prime Minister Nguyen Tan Dung has approved a restructuring scheme forthe Vietnam Rubber Industry Group (VRIG) in the 2012-2015 period with aview to ensuring the group will concentrate on its core business linesof growing rubber trees and processing and trading latex.
The scheme will help the group further improve its productionefficiency and competitiveness while actively joining efforts to ensuresocial welfare, consolidate security and defence, and boostsocio-economic development, especially in remote areas where ethnicminority people live.
Under the project, the VRIG willalso be engaging in processing artificial wood and establishingindustrial parks on the land areas which were formerly grown with rubbertrees in accordance with its land use plan approved by the Government.
The plan maintains the parent company – the VietnamRubber Industry Group and its affiliates, including the Rubber ResearchInstitute, Rubber Professional Technical College , Rubber Journaland Rubber Medical Center .
The group will hold100 percent of charter capital in its 22 single-member limitedliability companies, 50 percent in 18 joint-stock firms, and under 50percent in other 20 companies.
The Rubber Finance Company will be merged with the parent company VRIG.
The VRIG will divest its capital in 23 companies and withdraw part of its capital in two other firms.
The Prime Minister has asked the VRIG Council of Members to build thegroup’s development strategy for the 2012-2015 period with orientationstowards 2020.
He has also requested the group to implement thefive-year 2011-2015 production, business and investment development planapproved in Decision 514/QD-TTg dated May 2, 2012./.VNA
The scheme will help the group further improve its productionefficiency and competitiveness while actively joining efforts to ensuresocial welfare, consolidate security and defence, and boostsocio-economic development, especially in remote areas where ethnicminority people live.
Under the project, the VRIG willalso be engaging in processing artificial wood and establishingindustrial parks on the land areas which were formerly grown with rubbertrees in accordance with its land use plan approved by the Government.
The plan maintains the parent company – the VietnamRubber Industry Group and its affiliates, including the Rubber ResearchInstitute, Rubber Professional Technical College , Rubber Journaland Rubber Medical Center .
The group will hold100 percent of charter capital in its 22 single-member limitedliability companies, 50 percent in 18 joint-stock firms, and under 50percent in other 20 companies.
The Rubber Finance Company will be merged with the parent company VRIG.
The VRIG will divest its capital in 23 companies and withdraw part of its capital in two other firms.
The Prime Minister has asked the VRIG Council of Members to build thegroup’s development strategy for the 2012-2015 period with orientationstowards 2020.
He has also requested the group to implement thefive-year 2011-2015 production, business and investment development planapproved in Decision 514/QD-TTg dated May 2, 2012./.VNA
