3:26:30 PM | 7/8/2005
Ten remaining State-owned garment and textile enterprises will go public this year, bringing the total joint stock businesses in the sector to 49, according to the Ministry of Industry (MoI).
Among these targeted businesses, the State will hold a majority stake in the Hoang Thi Loan Garment and Textile Company, a financially self-reliant subsidiary of the Vietnam Garment and Textile Corporation (Vinatex).
The MoI has recently given the green light to the Tra Ly Fiber Company to come onto the market. The company has a statutory capital of VND13.5 billion (US$859,872), of which the State holds 51 per cent, company staff, 25.33 per cent and outside investors, the rest.
In addition, Vinatex plans to equitise more than 10 factories this year.
Vietnamese
