Vinalines loses lawsuit, must pay VND65 billion to S. Korean partner

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VietnamNet English 11 hour(s) ago

Vinalines loses lawsuit, must pay VND65 billion to S. Korean partner

VietNamNet Bridge – The Vietnam International Arbitration Center (VIAC) has decided that Vinalines, the largest shipping corporation in the country, must pay VND65.2 billion in compensation to its South Korean partner for breaking a contract signed between the two parties.

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BUSINESS IN BRIEF 27/7

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VietnamNet English 2 day(s) ago

French businesses satisfied with HCM City investment climate

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BUSINESS IN BRIEF 20/7

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VietnamNet English 1 week(s) ago 1 related news

Vietnam making great strides as a footwear supplier

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Vinalines set to launch IPOs for five large port operators

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Báo Đầu Tư English 1 week(s) ago 1 related news

Vinalines set to launch IPOs for five large port operators

However, experts predict it will be difficult for ports to find buyers at present.

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Vinalines appealing $3.1 million fine

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Báo Đầu Tư English 1 week(s) ago

Vinalines appealing $3.1 million fine

A big player in the local shipping industry, Vinalines is faced with having to pay a fine amounting to VND65 billion ($3.1 million). The fine is the result of a contract violation involving Vinalines’ implementation of its Van Phong international transshipment port project in the south-central province of Khanh Hoa.

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Vinalines set to launch IPOs for five large port operators

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VietNam News English 1 week(s) ago 1 related news

Viet Nam National Shipping Lines (Vinalines) has announced plans for initial public offerings (IPOs) for five more large port operators by the end of the year. Hai Phong Port has already been equitised.

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Duong Chi Dung gets paid during two-year imprisonment

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Báo Dân Trí English 1 month(s) ago

Duong Chi Dung gets paid during two-year imprisonment

The former chairman of Vietnam National Shipping Lines (Vinalines) received his salary from the company during the two-year imprisonment before he was sentenced to death.

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State Audit Office to probe Vinalines accounts

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VietNam News English 1 month(s) ago

Transport Minister Dinh La Th¨ang approved investigations by the State Audit Office into accounts belonging to the Viet Nam National Shipping Lines (Vinalines) and Sai Gon Port Co., Ltd.

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Senior official arrested

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VietNam News English 1 month(s) ago 1 duplicate news 1 related news

Police from the northern province of Quang Ninh on Thursday arrested Vu Khac Tu, Deputy Director General of Viet Nam National Shipping Lines (Vinalines) for involvement in a VND9 billion (US$423,000) appropriation case.

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Vinalines accounts to be audited

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VietnamPlus English 1 month(s) ago

Transport Minister Dinh La Thang on June 20 signed a document requesting the State Audit Office of Vietnam investigate financial accounts, accrued in 2014, of the Vietnam National Shipping Lines (Vinalines) and Saigon Port Co., Ltd, both of which are run by his ministry.

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Vinalines boss detained in $400k graft case

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Báo Thanh Niên English 1 month(s) ago

Vinalines boss detained in $400k graft case

A deputy general director of the state shipping giant Vinalines was detained Thursday for his involvement in more than US$400,000 embezzlement at a subsidiary.

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Vinalines’ Deputy Director General arrested on appropriation charge

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VietnamPlus English 1 month(s) ago 1 related news

Police from the northern province of Quang Ninh on June 19 arrested Vu Khac Tu, Deputy Director General of the Vietnam National Shipping Lines (Vinalines) at his private home in Hanoi, for his alleged involvement in a 9 billion VND (423,000 USD) appropriation case.

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Vinalines Deputy General Director suspended

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VietnamNet English 1 month(s) ago 1 related news

Vinalines Deputy General Director suspended

VietNamNet Bridge - Deputy General Director of the Vietnam Shipping Lines Corporation (Vinalines), Mr. Vu Khac Tu, has been suspended from work for 15 days to to explain his role in the corruption case of three officials of the Quang Ninh Port.

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Vinalines boss suspended as $400,000 graft case widens

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Báo Thanh Niên English 1 month(s) ago 1 related news

Vinalines boss suspended as $400,000 graft case widens

Deputy general director of the state shipping giant Vinalines has been suspended while he clarifies his role in a US$400,000 embezzlement case perpetrated at a subsidiary.

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Vietnamese fleet incurs major losses

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VietnamNet English 1 month(s) ago

Vietnamese fleet incurs major losses

VietNamNet Bridge – Vietnam’s fleet of ships are incurring losses even though 80 percent of goods are carried by waterways and seaways.

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