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Restructuring helps increase businesses' value

by PV29 April 2017 Last updated at 10:21 AM

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Restructuring helps increase businesses' value
photo: PV
VTV.vn - The State Capital Investment Corporation (SCIC) has been playing a major role in improving businesses' efficiency and increasing the price of shares, as well as the value of the state investment in these companies.

From 50 products, An Giang Agriculture and Foods Import - Export JSC now only produces 3 key products. By determining the market's demand, and without increasing labour, profits have gone up.

Ever since it went under SCIC management, An Giang Agriculture and Foods Import - Export JSC has carried out restructuring and cutting of excessive labour. From operating at a loss, it's now making profit.

VINACONEX is another example of this. With SCIC investment and a change in its management methods, from being on the brink of bankruptcy, VINACONEX's shares have now doubled in value.

During the last 10 years, SCIC has divested 90% of the companies it is in charge of, bringing back almost 1.2 bil USD, 3 times more than the original amount.

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