Railway Corporation divests 100% of capital at Hai Phong Wagon Company

Deputy Prime Minister Vu Van Ninh has just agreed with the proposal of the Ministry of Transport on divesting all capital of Vietnam Railway Corporation at Hai Phong Carriage Joint Stock Company (Haseco).

Vietnam Railways Corporation will divest capital from 7 joint stock companies (illustrative photo)

In addition to this unit, Vietnam Railway Corporation will also divest capital from 6 other joint stock companies, including: Railway Construction Corporation; Construction 6; Investment and Construction of Construction 3; Transport Investment and Construction Consulting; Hanoi Construction Investment; Railway Transport and Trade. In total, Vietnam Railway Corporation will divest capital from 7 joint stock companies.

According to Mr. Vu Anh Minh - Director of the Department of Enterprise Management (Ministry of Transport), in 2015 the Ministry of Transport will focus on equitizing all public service enterprises to promote business development, including corporations such as Vietnam Airlines, seaports, airports, etc.

Notably, this April, the Ministry of Transport will submit to the Prime Minister a plan to equitize and divest over VND22,000 billion, because equitization will create conditions to attract social resources to invest so that businesses can truly develop strongly.

According to Infonet