Prime Minister requests Vietnam Cement Corp become holding company

Deputy Prime Minister Nguyen Tan Dzung has officially required the State-run Vietnam Cement Corporation to turn into a holding company, and compile a roadmap to privatize its affiliated companies to submit to the Prime Minister for approval.      

The Ministry of Finance has been assigned to coordinate with the corporation and related agencies to revise the finance status of Hoang Mai Cement Co. and Tam Diep Cement Co. so that these two companies can be privatized under the roadmap. 

The Ministry of Construction will coordinate with the Ministry of Finance and the Ministry of Planning & Investment to work out a plan to set up a construction group, with the Vietnam Cement Corporation to be a key player. The plan will be submitted to the Prime Minister in the first quarter of 2005.