Vietnam Railways pursues divestment plan

(Engineering Daily) Nguyen Anh Duong = VNR(VietNam Railways) will divest the state’s capital in 16 subsidiaries in the segment.

The operator of all railway lines in the country, VNR submitted its latest version of the draft restructuring plan for 2017-2020 to CMSC(the Commission for the Management of State Capital), putting the divestment of state capital in focus. 

The commission will soon adopt the plan and submit it to the prime minister.

Under the latest draft, VNR will divest state capital in 16 units. 

VNR is expecting the approval of the latest draft any day now to fast-track the divestments. 

Once the new restructuring plan is approved, it will help that VNR increase competitiveness and operational efficiency amid stiffening competition in the transport sector.