Vinalines IPO set for September 5

Vinalines IPO set for September 5

State-owned Vietnam National Shipping Lines (Vinalines) is finally proceeding with a much delayed initial public offering. More than five years in the making, Vinalines will list on the Hanoi Stock Exchange on September 5, seeking to raise VND4.89trn ($210m) from selling a 34.8% stake in the company.

The on-off IPO has been mooted for many years and comes after a lengthy period of restructuring for Vietnam’s largest shipping line.

The Vietnamese government has been pushing ahead with a privatisation programme across many state-owned entities in recent years to boost its coffers as well as improve efficiency at many companies.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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