Vinalines, Japanese NYK Line cooperate in transportation, logistics
Vietnam National Shipping Lines (Vinalines) and Japan’s NYK Line will study developing transportation and logistics activities to serve plants and industrial parks in the Mekong Delta region, per a Memorandum of Understanding (MoU) inked on June 5.
Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) and Japan’sNYK Line will study developing transportation and logistics activities to serveplants and industrial parks in the Mekong Delta region, per a Memorandum ofUnderstanding (MoU) inked on June 5.
The MoU was signed at an investment promotion forum held in Tokyo as part ofPrime Minister Nguyen Xuan Phuc’s visit to Japan, which drew 1,600 firms fromboth countries.
NYK Line provides international transportation services with a fleet of 852ships. The group has 67 branches in foreign countries, including Vietnam.
Meanwhile, Vinalines is a leading maritime transportation firm in Vietnam. Thecompany owns a fleet of ships with total capacity of more than two milliontonnes, 26 percent of the country’s total capacity. It has contributed capitalto 14 seaport businesses.
In its development strategy, Vinalines will focus on its core capacity to offervalue to its customers by integrating seaport transportation activities andmaritime services, thereby enhancing its competitiveness.
Vinalines’ initial public offering plan was approved by the PM early this year.Per the plan, the State will hold 65 percent of 12.3 trillion VND (550 millionUSD)- registered capital of parent company Vinalines. Investors will haveopportunities to buy 35 percent, half of which will be sold to strategicinvestors, with the remainder sold publicly.
Under the plan, Vinalines is also allowed to hold at least 65 percent ofregistered capital at key ports like Hai Phong, Sai Gon and Da Nang.
The company plans to launch its IPO in December.-VNA
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Illustrative photo (Photo: VNA) 
