Vietnam Daily News

11 state owned groups invest 19.5tr dong in outer sectors

Written by Dailynews.vn Monday, 12 December 2011 19:22

Ministry of Planning and Investment recently released that the state owned economic groups have made investment in sectors outside at high level. The total investment capital for outer sectors in the current 11 groups reached over 19.5 trillion dong. For example, the Vietnam Rubber Industrial Group has spent 3.848 trillion dong for outer sections while Electricity of Vietnam (EVN) Group of over 2.107 trillion dong. The government has required the state-owned groups to finish capital withdrawal for outer investment sectors before 2015. In the coming time, the government would issue official documents, in which the state owned enterprises would not be allowed to make investment in such sectors of banking, stocks and real estate. At the same time, the government would release the capital contribution ratio that the groups can be able to invest, apart from their major business lines.

Source: www.intellasia.net/news/articles/business/111350534.shtml