VietNamNet Bridge – The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

VietNamNet Bridge – While Shipbuilding Industry Corporation, the successor of the debt-laden Vinashin, is about to undergo the second debt restructuring phase, Vietnam National Shipping Lines is struggling to settle debts

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 VietNamNet Bridge – Solutions to Vinalines’ debt settlement will not occur unless the government agrees to amend a series of regulations.

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 VietNamNet Bridge – Vinalines and its partners agreed in the past that company disputes could be brought to the Vietnam International Arbitration Center (VIAC), but the shipping firm has not obeyed VIAC’s judgment.

VietNamNet Bridge – Vinalines is facing the fine decided by the Vietnam International Arbitration Center for its violation of contract terms for a pier at Van Phong international transshipment port project in the south-central province of Khanh Hoa.

The Vietnam International Arbitration Center has decided that Vinalines, the largest shipping corporation in the country, must pay VND65.2 billion in compensation to its South Korean partner for breaking a contract signed between the two parties.

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 Vinalines takes losses for 5th consecutive year; Vietnam becomes ideal market for beer producers; New State-owned enterprises must focus on critical areas; HCM City:Exponential retail growth on the horizon

 VietNamNet Bridge – Viet Nam National Shipping Lines (Vinalines) has announced plans for initial public offerings (IPOs) for five more large port operators by the end of the year. Hai Phong Port has already been equitised.

VietNamNet Bridge – Vietnam National Shipping Lines (Vinalines) is faced with the task of repaying VND11 trillion, or US$523.8 million, to 24 credit institutions, nearly half of whom are foreign agencies. 

 Vietnam leads in shrimp exports to Japan; Vietnamese steel nail producer faces US lawsuit; Vietnam exports 200,000 tonnes of rice to Malaysia; State Audit Office to probe Vinalines accounts

 Police from the northern province of Quang Ninh on Thursday arrested Vu Khac Tu, Deputy Director General of Viet Nam National Shipping Lines (Vinalines) for involvement in a VND9 billion (US$423,000) appropriation case.

VietNamNet Bridge – Vietnam’s fleet of ships are incurring losses even though 80 percent of goods are carried by waterways and seaways.

 VietNamNet Bridge – Vinalines will not have to pay a part of its bank loan interest under a government decision that aims to help the shipping corporation undergo equitization to restructure itself.

 VietNamNet Bridge – The government has not yet made any decisions to help Vietnam National Shipping Lines (Vinalines) find a way out of its massive debt obligation. Meanwhile, creditors have chosen different ways to deal with the shipping firm.

 VietNamNet Bridge – The Vietnam National Shipping Lines (Vinalines) has asked for a lot of favors to settle debts before it goes equitized.

 The Supreme People’s Court has upheld the death sentence given to Duong Chi Duong, a former chairman of shipping company Vinalines.

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