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March 31, 2015 8:57 PM ET

Machinery

Company Overview of Vietnam Motors Industry Corporation

Company Overview

Vietnam Motors Industry Corporation manufactures and assembles automobile products for customers in Vietnam and internationally. It offers vehicles that include intercity buses, city buses, and trucks. The company also provides various services, including passenger and commodities transportation, inbound and outbound passenger transportation, warehousing, financial investment, training, driving training and testing, vocational training, warehouse leasing, building materials trading, road transportation vehicles trading, importing and exporting goods, container transportation, petroleum, and transport construction; and operates bus stations and stores. In addition, it manufactures machines fo...

No. 120 Hang Trong Street

Hoan Kiem District

Hanoi,  

Vietnam

Phone:

84 4 3825 5618

Fax:

84 4 3825 6856

Key Executives for Vietnam Motors Industry Corporation

General Director, Member of Executive Board and Director
President
Chairman, Deputy General Director and Member of Executive Board
President of Vinamotor Labour Union
Director of Investment Department
Compensation as of Fiscal Year 2014.

Vietnam Motors Industry Corporation Key Developments

Firms Clamouring To Buy Vinamotor

Sacom Development and Investment Corporation (HOSE:SAM), TMT Automobile Joint Stock Company (HOSE:TMT), Vietnam N.A Motor Co. Ltd and Thanh Cong Ninh Binh Auto JSC are reportedly seeking acquisition of Vietnam Motors Industry Corporation from Ministry of Transport of Vietnam. The Ministry of Transport plans to sell almost all its stakes in the Vietnam Motor Industry Corporation this year, equivalent to 97.7% of its capital.

TMT Automobile Corp And Sacom Investment and Development Reportedly Mulls Acquisition Of Vietnam Motor Industry Corporation

TMT Automobile Joint Stock Company (HOSE:TMT) and Sacom Development and Investment Corporation (HOSE:SAM) are reportedly seeking acquisition of Vietnam Motors Industry Corporation from Ministry of Transport of Vietnam. The Ministry of Transport plans to sell almost all its stakes in the Vietnam Motor Industry Corporation this year, equivalent to 97.7% of its capital. TMT Automobile Corp (TMT) and Sacom Investment and Development Co (Sacom) - have offered to buy the shares. While Sacom has yet to announce any details, TMT said it was planning to issue VND1.5 trillion (US$70.1 million) in bonds to raise capital for the deal.

Government To Sell Vietnam Motors Stake

Vietnam Motors Industry Corporation may be sold. Deputy Prime Minister on Vietnam, Vu Van Ninh has decided to sell stake in Vietnam Motors, which accounts for 97.7% of the firm’s chartered capital. Currently, the total chartered capital is over VND 876 billion. Vietnam Motors’ employees and its trade unions collectively hold 0.51% of the chartered capital while other investors hold VND 15702 million or 1.79% of the total.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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