Hanoi: Hanoi has told state-run groups and corporations to stop investing in non-core business sectors and pull out of their non-core operations by 2015.
Vietnam National Shipping Lines (Vinalines) is among the many state-run firms facing cuts. It will have to rearrange its subsidiaries and dependent companies so that the number of units under its umbrella will drop from 73 to 37. To do so, the state-run firm will equitize 18 subsidiaries, dissolve two others, let two go bankrupt and pull out of 37 companies. [17/04/13]
