Hanoi: Vietnam Shipping Lines Corporation (Vinalines) has completed its value assessment ahead of its initial public offering (IPO) next year.
The actual value of Vinalines at the time of December 31, 2013 is approximately VND21 trillion ($983m), including more than VND8.3 trillion ($388.5m) of state capital.
After the evaluation result is approved by Vinalines' equitisation steering committee, it will be submitted to Vietnam's Ministry of Transport next month for Minister Dinh La Thang’s approval of its equitisation.
Vinalines expects to carry out privatisation and launch the IPO in the first quarter of 2015.
The Prime Minister of Vietnam approved Vinalines’ restructuring plan in the period of 2012-2015 in 2013. Vinalines will gradually release the burdens in the period of 2012-2015, according to the company. [22/12/14]