restructuring plan

Update news restructuring plan

Reduced state holding in Vietnam’s major ports allowed

VietNamNet Bridge – The prime minister just agreed to revise several contents in the restructuring plan of major state-own shipping giant Vinalines in the period 2012-2015,

Vinalines set to launch IPOs for five large port operators

 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.

Flight delays to be investigated

 VietNamNet Bridge – Minister of Transport Dinh La Thang has urged the Civil Aviation Administration of Viet Nam (CAAV) to find out why there have been so many cancelled and delayed flights this year. The incidents are reportedly on the rise.

EVN to slash 98 mln USD from non-core ops

 VietNamNet Bridge – Electricity of Vietnam (EVN) plans to withdraw capital worth 2.07 trillion VND (97.64 million USD) from seven non-core companies by 2015.

Creditors may agree to Vinashin’s restructuring plan

VietNamNet Bridge - Credit Suisse has sent a letter to 20 other creditors of Vinashin, informing them that it will approve the Vinashin restructuring plan and suggesting they follow.