The Vietnam National Shipping Lines (Vinalines) held a workshop in Singapore on April 26 to introduce its development orientations to seek strategic investors.
Singapore (VNA) – The Vietnam NationalShipping Lines (Vinalines) held a workshop in Singapore on April 26 tointroduce its development orientations to seek strategic investors.
The event drew businesses and companiesoperating in the fields of marine transport, navigation services, and bankingin Singapore.
Le Quang Trung, head of Vinalines’ marketdevelopment department, said the company is implementing equitisation and set tolaunch its initial public offering (IPO) in December 2017 with the charteredcapital of 550 million USD.
The State will hold 65 percent of the charteredcapital at the parent company while strategic investors will have anopportunity to hold up to 17.25 percent of the chartered capital, he added.
Singapore is a potential partner of Vinalineswith many Singaporean businesses being interested in the fields of seaport andnavigation services, he said.
The synchronous development of the company’sseaport system along with shipping fleets and logistics infrastructure is tocreate a chain of full-package services for businesses.
It also aims to realise the company’s strategicdevelopment plan of increasing competitiveness, a representative said.
Foreign investors will have chance to join keyseaport projects that Vinalines will carry out in 2017-2020, with a visiontowards 2030.
The company is also participating in the SeaAsia 2017, a premier maritime conference and exhibition, in Singapore fromApril 25-27.-VNA
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Illustrative image (Source: VNA)
