The Prime Minister has given the green light to the Vietnam National Shipping Lines, or Vinalines, to withdraw its capital from the Hai Phong and Sai Gon seaports.
Containers are loaded at Saigon Port in Ho Chi Minh City (Photo: VNA)
The Prime Minister has given the green light to the Vietnam National Shipping Lines, or Vinalines, to withdraw its capital from the Hai Phong and Saigon seaports.
As such, Vinalines’ stakes in Saigon Port Company Limited and Hai Phong Port Company Limited will be slashed to 20 percent.
Previously, the Prime Minister agreed to let Vinalines hold 50-65 percent of the Sai Gon Port's charter capital and 65-75 percent of the Hai Phong Port's, but this has made the two less attractive to investors hence the further reductions.
Currently, Saigon Port accounts for 10.5 percent of the overall throughput in the south while Hai Phong Port occupies 28.7 percent of northern figure.-VNA
The Vietnam National Shipping Lines (Vinalines) and 28 other companies in the transport sector expect to finish their equitisation process by the end of the year, according to the Transport Ministry.
Saigon Port Company Limited will sell some 35.7 million shares to VietinBank and VPBank, which it plans to select as its strategic investors, during an auction on August 28.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Containers are loaded at Saigon Port in Ho Chi Minh City (Photo: VNA)
