Vietnam National Shipping Lines (Vinalines) will push ahead with an initial public offering (IPO) in December, as part of efforts by Hanoi to push privatisation among state owned entities.
The government, which will retain 65% of the company, plans to sell 17.25% to strategic partners and another 17.25% to the public.
Vinalines senior officials have been in Singapore this week trying to drum up local interest in its stock offering.
In 2012, Vinalines was hit with a major $2.1bn debt crisis and the arrest of many senior executives for fraud.
