Vinalines starts to count profits

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Báo Đầu Tư English 2 week(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 2 week(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 2 week(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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PM issues guidelines on Vinalines' divestment

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Báo Đầu Tư English 3 week(s) ago 1 duplicate news

PM issues guidelines on Vinalines' divestment

Prime Minister Nguyen Tan Dung has told Vietnam National Shipping Lines to divest entirely from nine seaports and companies and retain 20 per cent in Hai Phong and Saigon seaports.

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Debt-ridden Vinalines ordered to sell all shares in 9 seaports

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Báo Thanh Niên English 3 week(s) ago

Debt-ridden Vinalines ordered to sell all shares in 9 seaports

Vinalines, a state shipping giant that has been drowned in debts over the past few years, will have to sell its entire stakes in nine seaports around the country, the government's office announced on Wednesday.

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VietinBank acquires stake in Vietnam's second biggest port: report

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Báo Thanh Niên English 1 month(s) ago

VietinBank acquires stake in Vietnam's second biggest port: report

A file photo of Hai Phong Port. Photo credit: baogiaothong.vn

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Vinalines’ failing foreign joint ventures

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VOV News English 1 month(s) ago

Vinalines’ failing foreign joint ventures

The four ports co-owned by Vinalines with foreign partners are either making huge losses or ceased operations.

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Some giant companies fail to implement IPO plans in 2015

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VietnamNet English 1 month(s) ago 2 related news

Some giant companies fail to implement IPO plans in 2015

VietNamNet Bridge - Many businesses, including big conglomerates, failed to implement their IPO (initial public offering) plans in 2015, thus leaving investors disappointed.

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Vietnam cargo carriers face tough targets

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VietnamNet English 2 month(s) ago

Vietnam cargo carriers face tough targets

Vietnam will transport between 500 million and 600 million tonnes of goods this year by sea, the Vietnam Maritime Administration (Vinamarine) has said.

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Vietnam cargo carriers face tough targets

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VOV News English 2 month(s) ago

Vietnam cargo carriers face tough targets

Vietnam will transport between 500 million and 600 million tonnes of goods this year by sea, the Vietnam Maritime Administration (Vinamarine) has said.

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Corrupt officials can escape death if they are contrite, Vietnam lawmakers decide

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Báo Thanh Niên English 2 month(s) ago

Corrupt officials can escape death if they are contrite, Vietnam lawmakers decide

People convicted of embezzlement or bribery can escape the death penalty if they return at least three quarters of the ill-gotten wealth and blow the whistle on others involved under amendments to the Penal Code approved by the National Assembly Friday.

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Vietnam's state enterprise sector is not making money despite huge debt pileup

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Báo Thanh Niên English 2 month(s) ago

Vietnam's state enterprise sector is not making money despite huge debt pileup

A file photo of a ship belonging to Vietnam National Shipping Lines (Vinalines)

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Divestment earns Transport Ministry $107m

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VietnamNet English 3 month(s) ago 1 duplicate news

Divestment earns Transport Ministry $107m

The Ministry of Transport divested from non-core businesses in 36 State-owned enterprises under its management in the first 10 months of this year, collecting nearly VND2.4 trillion (US$107 million).

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Vinalines seeks to divest from foreign-invested seaports amid losses

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Báo Thanh Niên English 3 month(s) ago

Vinalines seeks to divest from foreign-invested seaports amid losses

State-owned shipping giant Vinalines has sought the government's permission to sell all of its stakes in two seaports it is operating with foreign partners, the transport ministry's news website Giao Thong reported.

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M83 no longer a court evidence

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Báo Đầu Tư English 4 month(s) ago

M83 no longer a court evidence

A response has come from the authorities on how to deal with M83, a floating dock involved in a notorious embezzlement case at Vinalines, Vietnam’s leading shipping firm.

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