Vinalines attempts to sell debt-laden ships by late June

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Báo Dân Trí English 3 day(s) ago

Vinalines attempts to sell debt-laden ships by late June

Vinalines has set a goal to sell the six remaining ships of its subsidiary Vinashinlines by June 30, said a corporation official.

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Vinalines fails to sell debt-laden ships

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SaigonTimes English 2 week(s) ago

HCMC – Vietnam National Shipping Lines (Vinalines) in the first quarter was able to sell only three out of 23 ships put up for sale as the firm is still struggling with debts related to those ships.

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Saigon Port to be equitized in 2014

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SaigonTimes English 3 week(s) ago

HCMC – Saigon Port will be equitized in June 2014, said Le Cong Minh, chairman and general director of Saigon Port Co. Ltd., in response to the Prime Minister’s decision on selling State stakes in first-grade seaports.

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Big ports in the south sinking deeply

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VietnamNet English 1 month(s) ago 2 related news

Big ports in the south sinking deeply

VietNamNet Bridge – All the three ports SP-PSA, TCCT and SITV have reported the sharp falls in the yield which is much lower than the designed capacity.

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Bad debt in Vietnam reaches alarming rates

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Báo Dân Trí English 1 month(s) ago

Bad debt in Vietnam reaches alarming rates

Bad debt in the banking system has been estimated to be at VND120 trillion (USD5.72 billion) as of December 31, 2012, and continues to rise.

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Minister slams Vinalines for tardy restructuring process

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Báo Dân Trí English 1 month(s) ago

Minister slams Vinalines for tardy restructuring process

Minister of Transport Dinh La Thang has criticised General Director of Vinalines Nguyen Canh Viet for being absent from a meeting on restructuring Ministry of Transport companies, including Vinalines.

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Government backs plan to sell loss-making ships

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Báo Tuổi Trẻ English 2 month(s) ago

Government backs plan to sell loss-making ships

The government has finally given the go-ahead for the plan to sell a fleet of seven ill-fated vessels after a long period of consideration, the Ministry of Transport said on Wednesday.

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Vinalines drops plan for PPP port investment

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Báo Đầu Tư English 2 month(s) ago

Vinalines drops plan for PPP port investment

The state-run Vietnam National Shipping Lines is going to withdraw from the northern Vietnam’s flagship port project Lach Huyen as part of its divestment activities.

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High policeman held for helping brother flee from VN

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Báo Tuổi Trẻ English 3 month(s) ago

High policeman held for helping brother flee from VN

Duong Tu Trong, deputy chief of the police department for administrative management on social order, was detained today for helping his older brother Duong Chi Dung, Vinalines ex-boss, flee from Vietnam.

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Vinalines to pull out of 37 firms

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SaigonTimes English 3 month(s) ago

Vinalines to pull out of 37 firms

HCMC – Vietnam National Shipping Lines (Vinalines) will dissolve two subsidiaries, let two others go bankrupt and sell out its shares in 37 companies by 2015 under its restructuring plan approved by Deputy Prime Minister Vu Van Ninh on February 4.

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Money-bleeding Vinalines subsidiaries to be dissolved

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Báo Đầu Tư English 3 month(s) ago 1 related news

Money-bleeding Vinalines subsidiaries to be dissolved

The government has decided to put an end to 40 subsidiaries under the state-run Vietnam National Shipping Lines (Vinalines) so that the parent firm can refocus on its core business.

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Money-bleeding Vinalines subsidiaries to be dissolved

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Báo Tuổi Trẻ English 3 month(s) ago 1 related news

Money-bleeding Vinalines subsidiaries to be dissolved

The government has decided to put an end to 40 subsidiaries under the state-run Vietnam National Shipping Lines (Vinalines) so that the parent firm can refocus on its core business.

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More officials prosecuted in Vinalines case

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Báo Dân Trí English 3 month(s) ago

More officials prosecuted in Vinalines case

Police has proposed prosecuting four more officials for embezzlement in the Vietnam National Shipping Lines (Vinalines) corruption case.

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PM approves Vinalines restructuring plan

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Báo Dân Trí English 3 month(s) ago 1 related news

PM approves Vinalines restructuring plan

Prime Minister Nguyen Tan Dung has approved the restructuring plan of the Vietnam National Shipping Lines (Vinalines) which includes withdrawing capital from various non-core areas.

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Vinalines to focus on three main business lines

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Báo Đầu Tư English 3 month(s) ago 1 related news

Vinalines to focus on three main business lines

The Vietnam National Shipping Lines (Vinalines) will focus on three core business lines, including maritime transportation, seaport development and services, according to its restructuring plan approved by the Prime Minister.

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