Deputy Prime Minister Vu Van Ninh decided to sell the all state capital at the Vietnam Motors Industry Corporation ( Vinamotor ), which accounts for 97.7 percent of the firm’s chartered capital.

At present, the corporation’s total chartered capital is over 876 billion VND (41.17 million USD).

The number of shares owned by Vinamotor’s employees and its trade unions makes up 0.51 percent of the chartered capital. Other investors hold 15,702 million VND or 1.79 percent of the total.

Vinamotor specialises in manufacturing coaches, city buses, trucks with Transinco and Vinamotor brands. The firm also pays attention to developing other fields for transportation.-VNA