Hanoi: The government has told beleaguered Vinalines to quit plans to be part of the development of Lach Huyen port in the north of the country. Vinalines will continue to focus on existing port projects, but Hanoi has said it needs to get its finances in order before it can contemplate further expansion.
Vinalines signed with Japan’s Itochu, MOL and NYK to develop the port in 16 months ago. However, the project has not got off the drawing board. [08/03/13]
