Vinalines’ deferred IPO deters foreign investors

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Báo Đầu Tư English 1 day(s) ago

Vinalines’ deferred IPO deters foreign investors

The long-delayed approval of an equitisation plan for the country’s largest state-owned shipping company, Vinalines, has again been set back, leaving foreign investors languishing in an investment dilemma concerning some loss-laden joint venture ports.

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Vietnam province takes over Nha Trang port from debt-ridden Vinalines; mulls upgrade

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Báo Đầu Tư English 1 month(s) ago

Vietnam province takes over Nha Trang port from debt-ridden Vinalines; mulls upgrade

The administration of the south-central Vietnamese province of Khanh Hoa is poised to turn the local Nha Trang port into an international tourist harbor, after taking over the facility from a loss-making company on Thursday.

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Van Phong Port project revived

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Báo Đầu Tư English 1 month(s) ago

Van Phong Port project revived

Nha Trang Port JSC has received a licence to revive Van Phong Port in the central province of Khanh Hoa, which stalled several years ago after the original investor ran out of funds.

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Loss-laden operators seek port in the storm

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Báo Đầu Tư English 2 month(s) ago

Loss-laden operators seek port in the storm

The operators of Cai Mep International Terminal and SP-PSA International Port are seeking policy support to improve their operational efficiency amid heavy losses.

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Vinalines gets green light for selling dock linked to massive corruption

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Báo Thanh Niên English 2 month(s) ago

Vinalines gets green light for selling dock linked to massive corruption

A file photo of floating dock 83M, the crooked deal to buy which got two unscrupulous executives the death sentence. Photo: Diep Duc Minh

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Obscure firm to seize strategic stake at Vinalines port

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Báo Đầu Tư English 2 month(s) ago

Obscure firm to seize strategic stake at Vinalines port

Vietnamese company Viet Xuan Moi has just been chosen as the strategic partner to buy 51 per cent of Vinalines Dinh Vu Port JSC.

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Singapore seeks further investment in Viet Nam's ports

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Báo Đầu Tư English 2 month(s) ago

Singapore seeks further investment in Viet Nam's ports

Singapore expects to further co-operation with Viet Nam in maritime services and sea ports, Singaporean Ambassador to Viet Nam Ng Tech Hean said.

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When buying high and selling low makes sense

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Báo Dân Trí English 3 month(s) ago

When buying high and selling low makes sense

Even though the Vinalines and Vinashin cases have ended and the guilty sentenced, the scandal continues to play out.

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Vietnam spent $22 million on this rusty dock, now struggles to sell it at $1.5 million

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Báo Thanh Niên English 3 month(s) ago

Vietnam spent $22 million on this rusty dock, now struggles to sell it at $1.5 million

State shipping company Vinalines has sought the government's permission to auction an abandoned floating dock in an attempt to reclaim some of the huge money it has poured into the controversial investment since 2008.

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BUSINESS IN BRIEF 23/2

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VietnamNet English 3 month(s) ago

Insurance revenues seen higher than payouts in 2016

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Vietnam resurrects mega-port project in central coast town

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Báo Thanh Niên English 3 month(s) ago

Vietnam resurrects mega-port project in central coast town

A file photo of the construction site of Van Phong Port whose work has been suspended for six years. Photo: Hien Luong

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Vinalines to sell 13 vessels in 2016

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Báo Dân Trí English 3 month(s) ago

Vinalines to sell 13 vessels in 2016

The Vietnam National Shipping Lines (Vinalines) announced its plan to deal in shipping in 2016, including selling and transferring 13 ships.

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Vinalines starts to count profits

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Báo Đầu Tư English 4 month(s) ago

Vinalines starts to count profits

For the first time after many years of being bogged down in losses, Vietnam National Shipping Lines (Vinalines), a state-owned leader in shipping and port operation in the country, has announced modest profits for 2015.

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Seaports sell majority stakes

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Báo Đầu Tư English 4 month(s) ago 1 related news

Seaports sell majority stakes

In a bid to open the door to domestic and international seaport operators, the Vietnamese government has reduced its ownership in several main seaports.

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Troubled Vinalines posts first profit since 2012, ahead of IPO

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Báo Thanh Niên English 4 month(s) ago

Troubled Vinalines posts first profit since 2012, ahead of IPO

After several years of making losses and piling up debts, state shipping group Vinalines reported a profit of VND40.3 billion (US$1.77 million) for last year, potentially making it a little more attractive to investors ahead of an approaching IPO.

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