Dong Nai Economic group to be established in 2015

10:10, 17/10/2010

(ĐN)- A meeting has been held in Dong Nai between Vice Chairman of the Provincial People’s Committee Dinh Quoc Thai and the province’s Steering Committee for Enterprise Reform and Development to review of the restructuring of State-owned enterprises (SOEs) in the 2001-2010 period.

(ĐN)- A meeting has been held in Dong Nai between Vice Chairman of the Provincial People’s Committee Dinh Quoc Thai and the province’s Steering Committee for Enterprise Reform and Development to review of the restructuring of State-owned enterprises (SOEs) in the 2001-2010 period.

Vice Chairman Dinh Quoc Thai awards certificates of merit to outstanding collectives and individuals
Speaking at the meeting, Vice Chairman Dinh Quoc Thai said that the province will seek government approval for merging three big corporations operating in the form of a parent-subsidiary model including Dong Nai Food Industry Corporation (Donataba), Dong Nai Import Export Processing Agricultural Product Company (Donafoods) and Corporation for the development of Bien Hoa Industrial Zone (SONADEZI) into an economic group. The establishment of the Dong Nai economic group is expected to be completed by 2015.

According to a report by Dong Nai province’s Board of Enterprise Reform and Development, the provinces 68 SOEs were worth VND1,309 billion in 2001. However, 67 enterprises have been transformed, following the provinces campaign over the last ten years. Of these, 48 were transformed into joint stock companies, 10 became limited companies, 3 were transferred, 6 dissolved in bankruptcy. After the transformation, profits have increased. All equitized enterprises have developed, with chartered capital increasing from VND1,309 billion to VND 4,743 billion, helping to create jobs for nearly 17,000 laborers.

Also at the meeting, 22 collectives and 33 individuals were honored for their contribution to the provinces campaign for restructuring of SOEs and awarded certificates of merit from the Provincial People’s Committee.

Reported by Thu Trang