Vinalines issues proposal on Vietnam’s port sell-off

Vietnam’s state-owned shipping line Vinalines has made a proposal to the government on what percentage of the nation’s ports should be sold off.

Vinalines has asked the government to sell off all or part of ports which are not operating effectively or are not of vital importance to the sector.

However, the corporation wants to retain a 65% stake in Haiphong port, rather than the 51% previously directed by government. Last year, Hai Phong made VND443bn (US$20.4m) in profit, a 15% increase from the previous year.