Transport industry yields US$91.46 million from non-core divestments

The Ministry of Transport reported that it has divested state capital from five corporations as per instruction by the Prime Minister and yielded VND2,039 billion (US$91.46 million).

The companies include Civil Engineering Construction Corporation No. 6, Transport Engineering Design Inc, Waterway Transport Corporation Jsc and Vietnam Motors Industry Corporation. In addition, Civil Engineering Construction Corporation No.5 has withdrawn 23.18 percent of chartered capital.

By the end of this year, the ministry will approve capital withdrawal measures at two other companies and continue instructing corporations to conduct non-core divestments.

By Che Han – Translated by Hai Mien

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