SBIC to divest capital from PV Shipyard

The Vietnam Ship Building Industry Corporation (SBIC) said it will auction off about 4.479 million shares in the PetroVietnam Marine Shipyard JSC (PV Shipyard) on October 21.
SBIC to divest capital from PV Shipyard ảnh 1Illustrative image (Source: Internet)

Hanoi (VNA) - The Vietnam Ship Building Industry Corporation (SBIC) said it will auction off about 4.479 million shares in the PetroVietnam Marine Shipyard JSC (PV Shipyard) on October 21.

The shares account for 7.53 percent of PV Shipyard’s stock on the market.

The move aims to recover SBIC’s capital from PV Shipyard in order to add to its manufacturing and business in the coming time.

As planned, the auction will be held at the Hanoi Stock Exchange with the starting price of 10,000 VND/share.

PV Shipyard’s charter capital stands at nearly 594.9 trillion VND (26.77 billion USD). The company operates in building and upgrading ships and oil rigs, and providing port, warehousing and transport services.

Apart from SBIC, the Vietnam Petroleum Technical Services Corporation (PTSC) , has a 28.75 percent stake (17,105 million shares) in PV Shipyard. Meanwhile, the Bank for Investment and Development Bank of Vietnam (BIDV) and the Vietnam Machine Erection Corporation (LILAMA) each owns a 4.03 percent stake (over 2.4 million shares) in the firm.-VNA

VNA

See more

A vessel docks at Hai Phong Port ready to be loaded with containers. (Photo: VNA/VNS)

Vietnam's port firms thrive in 2024

According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14% year-on-year. Container throughput was estimated at 29.9 million TEUs, reflecting a 21% rise.

THACO Chairman Tran Ba Duong (Photo: VNA)

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday. (Photo: VNA)

HCM City: Nearly 1 million workers back to work after Tet holiday

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday, reaching 85.33% of their total workforce, according to the municipal Labour Federation.

Prime Minister Pham Minh Chinh (centre, first row), and leaders of Binh Duong province handover investment certificates to enterprises. (Photo: daibieunhandan.vn)

Binh Duong lures additional 1 billion USD of investment

Seven foreign-invested projects, with a total registered capital of 1 billion USD in the southern province of Binh Duong have been granted in-principle approval and investment certificates at a recent meeting held by the provincial People's Committee.