Vinacomin’s privatization to be completed in Jan, 2015

The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) will complete privatization of all directly-under companies in Jan, 2015. By the end of June, 2014, Vinacomin has completed privatization of two units, including: Vinacomin – Material, Transport and Stevedoring Company Limited, Thai Nguyen Non-ferrous Metals Limited Company.

Vinacomin-Power Holding Corporation Limited, Vinacomin-Viet Bac Mining Industry Holding Co., Ltd., Vinacomin-Minerals Holding Corporation, Vinacomin-Shipbuilding and Mechanical Company Limited, Technology Development and Mining Equipment Company and Vinacomin-Nhan Co Environment and Construction Company are the six remaining units conducting equitization in Jan 1, 2015.

In the first 6 months, Vinacomin withdrew capital from 77 percent to 34 percent in the Vinacomin Southern Coal Joint Stock Company and completely withdrew capital in the Vietnam National Aviation Insurance Company (VNI) with a total value of VND50 billion.