Government announces large-scale agricultural divestmentInvestors can look forward to plenty of opportunities as Vietnam Rubber Group (VRG), Vinafood 2, and many more companies where the Ministry of Agriculture and Rural Development (MARD) represents the state holding, will put up to 100% stake up for public auction in 2017. According to the recently released schedule by the MARD, in 2017, Vietnam General of Agricultural Materials Corporation Limited will continue its equitisation process. Vinafood 2 is resolving its financial, land, and labour problems and the State Audit of Vietnam has finished its valuation. The MARD is also going to soon finish the valuation of Vinacafe, Vinafood 1, and Halong Seafood Co., Ltd. In total, in the 2017-2020 period, the government is going to sell VND2.19 trillion (US$96.4 million) worth of agricultural company stakes at book value.

Source: VietNamNet News February 20, 2017 03:33 UTC