Debt-ridden Vinalines plans IPO; state to control 36 pct of shares

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Báo Thanh Niên English 3 day(s) ago

Debt-ridden Vinalines plans IPO; state to control 36 pct of shares

State-owned shipping giant Vinalines has submitted its plan for an initial public offering to the transport ministry, a move expected to help it pay off debts of VND12.3 trillion (US$564.2 million), news website Saigon Times Online reported Wednesday.

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Vinpearl authorised to buy stake in Nha Trang Port

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Báo Đầu Tư English 6 day(s) ago

Vinpearl authorised to buy stake in Nha Trang Port

The prime minister has allowed the state-run Vietnam National Shipping Lines (Vinalines) to sell a 34.7 per cent stake in the Nha Trang Port Joint Stock Company (Nha Trang Port JSC), constituting 8.5 million shares, to Vinpearl JSC owned by Vingroup.

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BUSINESS IN BRIEF 21/3

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VietnamNet English 1 week(s) ago 2 related news

BUSINESS IN BRIEF 21/3

S Korea's Shinhan Bank opens HCM City branch

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Quang Ninh Port, with "clean" finance report, attracts private investor

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VietnamNet English 1 week(s) ago

Quang Ninh Port, with 'clean' finance report, attracts private investor

VietNamNet Bridge – The Vietnam National Shipping Lines (Vinalines) did not want to sell Quang Ninh Port because it could bring money, though the profits are not that high. However, the government has decided to withdraw all of its capital from the port.

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Dozens of certificates revoked for projects in economic zones

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VietnamNet English 3 week(s) ago

Dozens of certificates revoked for projects in economic zones

VietNamNet Bridge – Twelve projects in the Nhon Hoi Economic Zone have had their investment certificates revoked, while the Chan May – Lang Co Economic Zone Board of Management is planning to revoke certificates of nine projects.

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Private giant Vingroup seeks approval to acquire major ports

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Báo Thanh Niên English 3 week(s) ago 2 related news

Private giant Vingroup seeks approval to acquire major ports

Vietnam’s largest property developer Vingroup has requested the government to make an exception and allow it to become the major investor in two of the most busiest seaports currently run by the state.

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Firms eye State-run sea ports

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VietNam News English 3 week(s) ago 1 duplicate news 2 related news

Vingroup seeks to acquire shares in Sai Gon Port and Hai Phong Port, the Ministry of Transport confirmed.

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Shipping firms’ recovery stymied by drop in dry-cargo transport prices

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VietnamNet English 3 week(s) ago

Shipping firms’ recovery stymied by drop in dry-cargo transport prices

VietNamNet Bridge – The sharp fall of the Baltic Dry Index (BDI) to a record low has caused serious concerns among Vietnamese shipping firms. The BDI, issued daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials, including coal, iron ore and grain, by sea.

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Seaports, one after another, fall into private hands

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VietnamNet English 1 month(s) ago

Seaports, one after another, fall into private hands

VietNamNet Bridge – As planned by the Ministry of Transport, many seaports have been put up for sale and many buyers are owners of privately run businesses.

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Definition of State economic groups vague

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VietnamNet English 1 month(s) ago

Definition of State economic groups vague

VietNamNet Bridge – The ambiguous definition of State economic groups has led to many problems since big State-owned enterprises (SOEs) were turned into economic groups, economic experts said at a recent conference in Hanoi.

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MOT to focus on expanding airports, ditches plan to build more seaports

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VietnamNet English 1 month(s) ago 1 related news

MOT to focus on expanding airports, ditches plan to build more seaports

VietNamNet Bridge – The Ministry of Transport (MOT) has scrapped plans to build seaports and instead will expand several airports this year.

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Tet gifts may mask bribery, corruption

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Báo Dân Trí English 1 month(s) ago 1 related news

Tet gifts may mask bribery, corruption

Gifts at Tet and other special occasions are being used to mask bribes, and authorities need to take earnest steps to curb corruption, experts say.

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Vietnam ministry moves toward transparency in hiring for top jobs

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Báo Thanh Niên English 1 month(s) ago

Vietnam ministry moves toward transparency in hiring for top jobs

Pham Viet Dung has beaten six other rivals to the job of general director of the Vietnam Air Traffic Management Corporation after the Ministry of Transport organized a competition for the first time to identify the head of a state-owned company.

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Vinalines wants to sell all State shares at Quang Ninh Port

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VietnamNet English 2 month(s) ago

Vinalines wants to sell all State shares at Quang Ninh Port

Vietnam National Shipping Lines (Vinalines) is seeking to offload all State shares at Quang Ninh Port, which is valued at VND622 billion with State capital making up VND500 billion.

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Omanis ready to shake on Haiphong Port deal

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Báo Đầu Tư English 2 month(s) ago

Omanis ready to shake on Haiphong Port deal

The investment by the State General Reserve Fund of the Sultanate of Oman into Haiphong Port, if successful, is expected to inspire other foreign investors to engage in the restructuring of the Vietnamese seaport industry.

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