Vinalines plans to take daring steps to get off the hook

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VietnamNet English 3 day(s) ago

Vinalines plans to take daring steps to get off the hook

VietNamNet Bridge - The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm to 36 percent will help restructure the business.

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Vinalines wants majority stake in Hai Phong port

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Báo Đầu Tư English 2 week(s) ago 1 duplicate news

Vinalines wants majority stake in Hai Phong port

The Viet Nam National Shipping Lines (Vinalines) has proposed the Government and the Transport Ministry to retain 51 to 65 per cent of the State-owned capital at Hai Phong Port.

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Sharp rise in imports of Chinese machinery

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Báo Dân Trí English 1 month(s) ago

Sharp rise in imports of Chinese machinery

Vietnam spent USD2.27bn on imports of machinery from China in the first quarter of this year, up 46% on a year earlier, but concerns have been raised that the country may not be getting value for money.

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Seafood firms oppose hike in freight charges; could lead to higher transport costs

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VietnamNet English 1 month(s) ago

Seafood firms oppose hike in freight charges; could lead to higher transport costs

VietNamNet Bridge - A 70 percent increase in freight charges is expected to lead to a doubling or tripling of transport costs for seafood companies.

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Slow debt settlement may delay Vinalines IPO

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VietnamNet English 1 month(s) ago

Slow debt settlement may delay Vinalines IPO

VietNamNet Bridge – Vietnam National Shipping Lines (Vinalines) plans to launch its initial public offering (IPO) at the end of quarter two but it might be delayed due to a slow restructuring of its debts and operations.

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Vinalines plans to turn debts into shares

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VietnamNet English 2 month(s) ago

Vinalines plans to turn debts into shares

In an initial public offering plan, Vietnam National Shipping Lines (Vinalines) will convert debts owed to other firms into shares and have a positive cash flow by 2019.

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Oman interested in buying State's Hai Phong stake

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Báo Đầu Tư English 2 month(s) ago

Oman interested in buying State's Hai Phong stake

The State General Reserve Fund of Oman (SGRF) has offered to buy all the State-owned stake in the Hai Phong Port Joint Stock Company.

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

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Báo Thanh Niên English 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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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