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Vinatex Group to be equitized
23 Jun '07
1 min read
Vinatex Group presented an export report of 22 percent last year, which has prompted the Government to equitize the group.
Endorsing the plan of convertible bonds, Deputy Prime Minister Nguyen Sinh Hung on Thursday stated that to start the eqitization process a consultant needs to be hired.
Though no clear picture of the convertible bond was given. However, Le Quoc ,the company's chairperson targeted on the revenue expansion to at least VND10 trillion (US $620 million).
Vinatex intends to wind up its equitisation process by the end of next year.
The announcement made by the Deputy Prime Minister intended in heaving Vinatex's overseas trading from $1.3 billion last year to $1.55 billion in 2007, primarily in the EU and US.
The initial five months of crudeoil export in Vietnam returned a proceed of $2.68 billion in the current year, as a result of which the garment and textile sector now has gained huge global recognition.
Endorsing the plan of convertible bonds, Deputy Prime Minister Nguyen Sinh Hung on Thursday stated that to start the eqitization process a consultant needs to be hired.
Though no clear picture of the convertible bond was given. However, Le Quoc ,the company's chairperson targeted on the revenue expansion to at least VND10 trillion (US $620 million).
Vinatex intends to wind up its equitisation process by the end of next year.
The announcement made by the Deputy Prime Minister intended in heaving Vinatex's overseas trading from $1.3 billion last year to $1.55 billion in 2007, primarily in the EU and US.
The initial five months of crudeoil export in Vietnam returned a proceed of $2.68 billion in the current year, as a result of which the garment and textile sector now has gained huge global recognition.
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