As soon as becoming Vinatex’s strategic shareholder in 2014, VID Group used the majority of the shares held in Vinatex as collateral for its debt repayment obligations at Maritime Bank, of which the company is also a shareholder.
The Vietnam National Textile and Garment Group (Vinatex) has proposed the Prime Minister for series of incentives, separate mechanisms and divestment of the State capital at Vinatex in order to strengthen the Group’s capacity and expand the business in the future.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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