Vingroup drops bid for controlling stake in Saigon Port

Vingroup drops bid for controlling stake in Saigon Port

The first 52,020 DWT vessel at the Saigon Port. Visual from the Ho Chi Minh City Transport Department's website

Vietnam’s largest property developer Vingroup has withdrawn from the bidding process to purchase 80 per cent stake in Saigon Port. Vingroup had earlier submitted bids for acquiring a controlling stake in the Vietnam’s busiest port, the latter has announced.

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