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Vinachem

Thai conglomerate wants to take over US$5.4-billion Long Son petrochemical complex

Siam Cement Group has expressed interest in acquiring the remaining 21 percent stake currently held by PetroVietnam in the Long Son petrochemical complex.

Vinachem to sell its entire stake in 15 companies

Under the restructuring scheme, the Vietnam National Chemical Group (Vinachem) will hold less than 50 per cent stake in seven companies and sell all of its stake in 15 other companies.

Vinachem faces possible losses of US$184.8 million due to poor management

Under the poor management of Nguyen Anh Dung as Vinachem (Vietnam National Chemical Group) chairman, Vinachem now stands at the risk of losing VND4,200 billion (US$184.8 million) due to losses at the group's projects.

Vinachem pays nearly US$264,433 of loan interest a day

The report of Vietnam National Chemical Group (Vinachem) shows that the total loans and finance lease liabilities of Vinachem as of June 2017 were more than VND19,000 billion (roughly US$837.37 million).

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