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VietNamNews

State-owned food processor to divest from affiliates

Update: December, 27/2012 - 11:05

HA NOI (VNS)— Deputy PM Vu Van Ninh has approved the restructuring plan of the Viet Nam Southern Food Corporation (Vinafood2) by 2015.

Accordingly, the food corporation will have withdrawn its capital from 18 enterprises, including Vietcombank, TrustBank, Bao Minh Insurance Corporation, and Ha Tien Cement.

Under the plan, the corporation will own 10 food companies, two agricultural and food product companies and Binh Dong Flour Mill Company.

Vinafood 2 was commissioned to focus on a one-million-tonne rice storehouse programme with automatic machines for dying, milling and processing.-VNS

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