vinalines

How much is Vinalines worth?The investors’ thoughts now concentrate on the IPO of the Vietnam National Shipping Lines (Vinalines) which would go equitized in the first quarter of 2015.

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Vinalines verdict set for May 7The Supreme People`s Court will declare the final sentence of former Chairman of the Vietnam National Shipping Lines (Vinalines) Duong Chi Dung and his alleged accomplices on May 7.

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Vinalines faces uphill task to repay its debtsVietnam 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.

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Vinalines takes losses for 5th consecutive yearVietnam National Shipping Lines (Vinalines) is forecast to lose around VND1 trillion (USD47 million) in 2014, the fifth consecutive year of losses for the shipping giant.

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Vinalines chased by creditors from all four sidesThe 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.

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