Deputy Prime Minister, Nguyen Sinh Hung recently issued decision allowing Viet Tien garment company to equitize its subsidiary companies based on the proposals by Vietnam Textile and Garment Group (Vinatex).
Accordingly, Hung requested Managing board of Vinatex to inspect charter capital of companies including Tay Do Viet Nam Co, Tien Tien garment Co, Viet Hong garment for export, Dong Yien garment Co, Tien Thuan garment Co.
If there remains any company in 100 percent state - owned form, they should be changed into joint stock company in accordance with Government Decree No. 187/2004/NÐ-CP dated November 16, 2004.
Ministry of Industry is assigned to decide equitization of these companies.
Fibre2fashion, News Desk - Vietnam
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