VCIG, in
which the State holds dominant ownership, consists of wholly State-funded
enterprises and multi-owner companies.
Chemical products of a Vietnamese Nitrogenous
Fertilizer and Chemicals Company – Photo: VGP
It is
permitted to engage in different fields, focusing on producing and trading in
fertilizers, pesticides, basic and consumer chemicals; chemistry,
pharmaceutical chemistry, petrochemistry; mining; rubber processing; and
financial investment.
VCIG will have a charter
capital of VND 8,000 billion. The parent company - Việt Nam National Chemical
Group – manages 10 subsidiaries in which the State possesses the entire charter
capital, 17 companies of which 50% of the charter capital is hold by the State,
and 16 joint ventures.
Also under the Plan, some
chemical entities will be founded, including the Vinachem-Apatite Corporation,
Vinachem Nitrogenous Fertilizer and Chemical Corporation, and the