PVN restructuring to be publicised

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Nhân dân English - 70 month(s) ago 14 readings

Nhan Dan - The Vietnam National Oil and Gas Group (PVN) will publicise its restructuring project for the 2012-2015 period by the end of this month.

The restructuring aims to turn State-owned PVN into the pillar of the economy as well as increase its competitiveness in the market.

The project includes completing the organisational and managerial models for the group and its subsidiaries, and rearranging and defining the function of each subsidiary with a focus on production.

PVN plans to complete regulations for the group’s capital management; list its shares on the stock market and sell holdings to strategic shareholders.

The group will also amend its organisational regulations and improve operations to adjust to the new context.

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