Mon, April 9, 2012
Tuoi Tre
The Vietnam Rubber Group will divest 100 percent of its stakes in companies operating in its non-core sectors, the company CEO-cum-chairman said on Sunday.
VRG will only focus on three main sectors -- planting and exploiting rubber, the rubber industry, and wood processing, said chairman Tran Ngoc Thuan, citing the institution’s newly-developed restructuring plan.
VRG will divest from 40 businesses in the finance, securities, and banking sectors between 2012 and 2013, added Thuan.
“Total divestment is expected to reach VND1.4 trillion by 2015, and an additional VND1.7 trillion in the 2016 – 2020 period,” he said.
“Non-core investment is set to account for only 2 percent of VRG’s equity.”
As of the end of last year, VRG’s rubber planting area amounted to 330,000 hectares, with latex exploitation production of around 279,000 tons.
The state-run group is implementing 25 projects to grow 70,000 hectares of rubber in Laos and Cambodia, added Thuan.
VRG is calling on the government to increase the country’s total area zoned to grow rubber from 800,000 hectares to 1 million hectares, half of which will be accounted for by VRG.
The company will also focus on the rubber processing sector and the tire manufacturing industry, he said.
4 comments:
Lao state lost to Vietnam since 1975 and Cambodia in January,1979.
Both states are no longer independent states,they are provinces of Vietnam.
Vietnam has done the same as it has had done to Champa and Khmer Krom.
First,Vietnam kings or leaders to have sex with the kings or leaders,Champa or Khmer;then she asked Champa and Khmer lands to stay in.
Vietnam govt. has had done the same things to Lao and Cambodia.
How many Vietnamese illegal in Lao and in Cambodia?
And how many rubber fields in Lao and in Cambodia now?
Vietnam wants to be Vietnam empire in Southeast Asia.
Laos is more than half way to become a full blown province of VN. Since 1975,VN had secretly sent hundres of thousand yuon soldiers over to Laos to take Laotian names, then marry and knock-up local Laotion & Hmong women to produce newer generation of mixed yuon, then they in turn breed further into third and fourth generation of yuon blood & sperms all over Laos. It is quite obvious that yuon & their descendents are running the economy of Laos.
Laos wil be Laos and Cambodia will be Cambodia. Business is business. Nobody takes annex anything. Stop the hate.
Laos wil be Laos and Cambodia will be Cambodia. Business is business. Nobody takes annex anything. Stop the hate.
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