Defense Industrial Material Company on June 8th held a ceremony to officially shift to the model of a parent-child company named One-member Defense Industrial Material Company Ltd (GAET). Senior Lieutenant General Nguyen Van Duoc, member of the Central Party Committee, Deputy Minister of Defence attended and delivered his speech at the event.

Established on the basis of the restructuring and rearrangement of its old company under the Ministry of Defence's Decision No4851, GAET will focus on 24 trade and production fields.

The company has also targeted becoming one of the largest and strongest trade and economic corporations of the Vietnam People's Army with an annual production growth rate of  between 15% to 30% by 2015.

Translated by Vu Hung