Vinalines

Many shipping companies are making huge profits, and their stock prices are soaring.

Many shipping companies have seen soaring profits, and their stock prices have been consistently reaching new highs.

Former Director of Vinalines Maritime Labor Export Company Arrested

The suspect Nguyen Quang Ngu, former Director of Vinalines MMS Company, along with two subordinates, were arrested on charges of "Abusing their position and authority while performing official duties".

Can Vinalines escape the fate of a 'sinking ship'?

Once considered the "iron fist" and "leading light" of Vietnam's heavy industry, Vinalines is currently struggling with difficulties, debt, and losses.

Vinalines Restructuring: Where will the 'train' without a 'propeller' go?

Vinalines is striving to restructure, but it's not easy to solve the problem of how to move the train forward when the propeller is almost gone.

Privatization of Quy Nhon Port: 75,01% of shares will be returned to the State.

The parties have agreed to carry out procedures to recover the 75,01% of shares previously divested by Vinalines and return them to the State.

The Ministry of Transport has transferred its five largest corporations to a 'super committee'.

Vietnam Airlines, ACV, VRN, VEC, and Vinalines collectively own assets worth approximately 275.000 billion VND, of which state capital accounts for over 46.000 billion VND.

Vinalines remains mired in losses and debt.

Vinalines incurred a loss of nearly 174,4 billion VND after 9 months and is still burdened with debt exceeding 20.051 billion VND.

Vinalines shares have been listed on the stock exchange, but investors are not yet allowed to trade them.

Today marks the first day Vinalines' MVN shares are listed on the stock exchange, but investors are still unable to buy or sell them because the company's shares are subject to trading restrictions.

Vinalines: Parent company goes public, subsidiary company in a dire situation.

Over 5,4 million shares of Vinalines will officially trade on Upcom on October 8th, with a reference price of 10.000 VND per share, amidst a backdrop of many subsidiaries performing poorly, with accumulated losses exceeding equity and short-term liabilities exceeding short-term assets.

Vinalines is about to list more than 5,4 million shares on Upcom.

According to the Hanoi Stock Exchange (HNX), the exchange has approved the registration for trading of shares of Vietnam Maritime Corporation (Vinalines).

Why did the Vinalines IPO fail to sell 400 million shares?

On September 5th, Vietnam Maritime Corporation (Vinalines) officially launched its IPO on the Hanoi Stock Exchange (HNX), but it has yet to attract significant market attention.

Despite struggling to pay 2,24 billion VND in interest every day, Vinalines is still incurring losses of over 3.254 billion VND.

Struggling to pay 2,24 billion VND in interest every day, Vinalines remains "stuck" with accumulated losses exceeding 3.254 billion VND, putting pressure on its upcoming IPO.

Vinalines first introduced its shares to the public on August 20th.

Vietnam Maritime Corporation (Vinalines) announced that, according to plan, on the afternoon of August 20th, Vinalines will cooperate with Saigon Securities Corporation (SSI) to organize a seminar introducing investment opportunities in the initial public offering of shares of its parent company - Vinalines - on the HNX (Hanoi Stock Exchange).

Major players from South Korea, Thailand, and Belgium want to participate in the privatization of Vinalines.

Many investors are interested in the privatization of Vinalines, including Hyundai Motor and SK of South Korea, and Siam Cement (SCG) of Thailand; in addition, the Belgian group Ackermans & van Haaren also wants to buy 10% of Vinalines' shares.

Vinalines is projected to incur losses exceeding 1.100 billion VND in the first half of 2018.

According to information from the Vietnam Maritime Corporation (Vinalines), the parent company - Vinalines - is expected to incur losses of over 1.100 billion VND in the first six months of 2018, and will then begin to make a profit from the last six months of 2018 onwards.

Vinalines appoints two deputy general directors and a chief accountant.

On the afternoon of December 14th, Vietnam Maritime Corporation (Vinalines) announced the appointment of Mr. Pham Anh Tuan and Mr. Le Quang Trung as Deputy General Directors; and the appointment of Mr. Luong Dinh Minh as Chief Accountant.

43.000 trillion VND invested by various state-owned enterprises is ineffective.

According to the Ministry of Planning and Investment, as of August 25th, statistics show that many projects of state-owned enterprises with a total investment of approximately 42.744 billion VND are showing signs of inefficient investment.

Vinalines unexpectedly earns over 2.000 billion VND in profit thanks to 'other income'.

Despite a 20% drop in revenue, Vinalines still made a huge profit of over 2.000 billion VND thanks to income from other activities.

Why is Vinalines 'stranded' with trillions of dong in debt?

Despite anticipating a recovery in the shipping market this year, Vinalines' subsidiary remains cautious, aiming to reduce revenue and minimize losses.

Finance Minister: 'Public debt is increasing rapidly due to poor governance'

Leaders of the Ministry of Finance believe that the rapid increase in public debt and the growing pressure to repay it over the past six years are primarily due to weaknesses in governance.

Ten inspection and audit teams visited Vinashin but found no violations.

Many National Assembly deputies have suggested that the State Audit Office's responsibility should be clarified for failing to detect signs of criminal activity by state-owned enterprises.

Vinalines continues to face the prospect of incurring increasing losses as it operates.

Vinalines implemented a restructuring plan and maintained a powerful fleet as the core of national maritime transport; however, the more it operated, the more losses it incurred.

The first-instance judgment against the former Deputy General Director of Vinalines has been overturned.

The Supreme People's Court in Hanoi has overturned the first-instance verdict regarding the charge of abusing his position and authority while performing his official duties against Mr. Bui Quoc Anh, former Deputy General Director of Vinalines.

Paying Duong Chi Dung's salary: What does the Ministry of Transport say?

The Ministry of Transport ignored the detail that Mr. Dung voluntarily left his job for four months without facing any disciplinary action.

Vinalines requests early liquidation of 'outdated' floating dock.

The Vietnam Maritime Corporation has requested the Ministry of Transport to propose to the competent authorities guidance on the liquidation and sale of the 83M floating dock in order to recover the invested capital.

A deputy general director of Vinalines has been temporarily suspended from his duties.

Vinalines Deputy General Director Vu Khac Tu has been temporarily suspended from his duties since June 16th pending an explanation.

Duong Chi Dung's daughter cries and calls for her father.

(VTC News) - The daughter of defendant Duong Chi Dung cried and called out for her father after the court sentenced him to death.

Death sentences upheld for Duong Chi Dung and Mai Van Phuc.

(VTC News) - The court decided to sentence Duong Chi Dung and Mai Van Phuc to death for embezzlement and 18 years in prison for intentionally violating regulations.

Online: Sentencing of Duong Chi Dung and his accomplices

(VTC News) - At exactly 2 PM on May 7th, the Appellate Panel of the Supreme People's Court in Hanoi will announce the verdict in the case of Duong Chi Dung and 8 accomplices.