Vietnam National Shipping Lines to hold IPO in August

The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval.
Vietnam National Shipping Lines to hold IPO in August ảnh 1Vinalines is scheduled to carry out its initial public offering in August (Photo: VNA)

Hanoi (VNA) – The Vietnam National Shipping Lines(Vinalines) is scheduled to carry out its initial public offering (IPO) inAugust, according to the firm’s latest equitisation plan recently submitted tothe Prime Minister for approval.

This is the second time in three months and thethird time since 2014 an equitisation plan for Vinalines has been submitted forapproval.

Acting Director General of Vinalines Nguyen CanhTinh said the latest plan was built basing on the Government’s Decree126/2017/ND-CP on transforming State-owned enterprises into joint stockcompanies. 

Accordingly, the business will sell part of itsState capital while issuing shares to raise charter capital. The State willhold 65 percent of the charter capital, equivalent to 912.99 million shares,while another 14.8 percent or 207.89 million shares will be sold to investors.About 0.16 percent or 2.29 million shares and 0.04 percent will be sold atpreferential prices to the firms’ employees and trade union, respectively.

As of the first quarter of 2018, Vinalines owneda fleet of 92 ships, contributed capital to 14 seaport businesses, and operated67 wharves or 27 percent of total wharves nationwide.

If the equitisation is successful, it will havecharter capital of more than 14 trillion VND (613.2 million USD), includingover 11.9 trillion VND (521.2 million USD) of State capital. With a plannedprice of 10,000 VND per share, more than 1.4 billion shares will be offered atthe IPO in total.

Compared to the previous plan submitted to theTransport Ministry last December, Vinalines’ charter capital under the latestplan will rise by 130 billion VND (5.69 million USD).

After the IPO, the first shareholders’ generalmeeting is set to take place in September 2018, Tinh noted.-VNA
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.