Asia

Investors sought in Vietnamese ports

Hanoi: Over the coming 12 months the ports of Haiphong, Danang, Quang Ninh, Saigon and Quy Nhon will all undergo an equitisation process, where between 25 to 49% of the state’s capital will be sold.

Finding investor has not proved too easy however.

“We are seeking buyers, but we have not found any yet,” a source at Saigon Port told local media.

Quy Nhon is first in the queue. The port is run by struggling state run Vinalines which has had to submit restructuring plans to Hanoi. These plans include the sale of up to 49% in Quy Nhon.  [27/05/13]

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