On vinalines

The capital is equivalent to 1.2 billion shares with the par value of VND10,000 each. Of which, the State is holding more than 1.19 billion shares, accounting for 99.469 per cent of charter capital; the firm’s employees are holding 392,500 shares or 0.038 per cent of the stake, the trade union of the firm is holding 500,000 shares, or 0.452 per cent of the stake while the last 5,420,900 shares, representing 0.452 per cent of the stake, will be sold to the public. … [Read more...] about Viet Nam’s biggest shipping firm reduces charter capital

Ho Lien Nam, head of the port’s sales department told Vietnam News Agency that to expand production and business, the port has opened many new transport service routes, including a route from Quy Nhon port to Northeast Asia, connecting central Viet Nam with South Korea, Japan and China. … [Read more...] about Quy Nhon Port opens transport service route to Northeast Asia

A container is handled at Quy Nhon Port However, the shipment of certain goods of high value, such as frozen fruit, has faced difficulties as there has not been direct transport routes to those markets, Nam said, adding that such items usually have to transit in Singapore before being delivered to Northeast Asia, which lengthens the transport time, undermines the value of the goods, and raises delivery costs. … [Read more...] about Transport route to link Quy Nhon Port with Northeast Asia

According to the statement, the volume of goods handled through the Quy Nhon Port in 2019 reached 9.1 million tonnes, an increase of 9.5 per cent compared to 2018. Of which, container cargo reached 136,817 twenty-foot equivalent units (TEUs), a surge of 7.5 per cent compared to 2018. … [Read more...] about Quy Nhon Port affirms honest business results

However, during the process, Sunhouse found out that its partner was not experienced in the sector either, and boasted only limited financial capability. The South Korean partner even planned to abuse Sunhouse’s strength, Phu said, and mobilise loans from domestic banks to develop the project. The refusal from the banks caused the project to fall to a standstill. “At the time, the expenditure for machinery lines and land access cost around VND200 billion ($8.69 million). In order to salvage the situation, Sunhouse was forced to acquire stakes from the South Korean partner,” Phu said. … [Read more...] about Harsh M&A lesson for local producers