Vinalines partners with Belgian enterprise to build grain port in Hai Phong

The Vietnam National Shipping Lines (Vinalines) has asked the Ministry of Transport to allow it to work with Rent A Port of the Belgian Ackermans & Van Haaren Group to invest in developing ports in Lach Huyen – Hai Phong international port.

Vinalines and Rent A Port will

Vinalines and Rent A Port will

The two sides hope to develop a grain specialised port, capable of receiving 100,000 DWT ships, and construct a 250 hectare logistics centre opposite the grain port to facilitate the handling, storage and distribution of grain for the northern region.
Rent A Port plans to buy 10 percent of Vinalines’ charter capital when the company launches an initial public offering (IPO) this month.

The Belgian company has already hired a consultant company to evaluate the financial situation and equtisation progress of Vinalines and set up a group of international maritime experts to examine the infrastructure and logistics system of Vietnam’s leading marine firm.
Rent A Port was established in 1885 specialising in port management. In Vietnam, it has injected more than 200 million USD into the Deep-C industrial complex, and pledged to add more 250 million USD to port and industrial park projects in Hai Phong and Quang Ninh province.

Under the IPO plan, Vinalines is allowed to hold a maximum of 65 percent of registered capital at key ports, including Hai Phong, Sai Gon and Da Nang.
Vinalines currently manages a fleet of off-shore vessels with total capacity of nearly two million tonnes, occupying some 25 percent of the national fleet’s capacity.

From now to 2020, Vinalines will focus on developing and exploiting sea ports, which play important roles in the northern, central and southern areas of the country and are the lifeline of the national transportation network.

Vietnamplus

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.